THE CINNAMON NETWORK
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net expenditure of £30,678 for the year, resulting in a decrease in total funds from £182,751 to £71,334. The trustees confirm that unrestricted free reserves of £51,334 fall within the stated policy target range of £46,000 to £64,000, and they are confident that future income is sufficient to meet current commitments on a going concern basis.
What the accounts disclose
“The trustees aim to hold unrestricted free reserves sufficient to allow for an orderly close down in the event of a drop in funding. Based on current expenditure levels, and statutory redundancy figures, this would equate to a lower limit of £46k and an upper limit of £64k.” — page 8
Structured financials (annual return, FY ending 31/03/2022)
Register events
- Received assets from another charity (17/09/2024)
Trustees
- MARTIN WARNERchair
- Darren Mitchell
- Jillian Marion Morrison
- Rev Colin Marsh
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £380k | £347k |
| 31/03/2024 | £317k | £428k |
| 31/03/2023 | £467k | £489k |
| 31/03/2022 | £582k | £658k |
| 31/03/2021 | £821k | £684k |
Common questions
Is THE CINNAMON NETWORK financially healthy?
The accounts state that the charity reported a net expenditure of £30,678 for the year, resulting in a decrease in total funds from £182,751 to £71,334. The trustees confirm that unrestricted free reserves of £51,334 fall within the stated policy target range of £46,000 to £64,000, and they are confident that future income is sufficient to meet current commitments on a going concern basis. Its FY2024 accounts were independently examined.
Who funds THE CINNAMON NETWORK?
Funders whose own accounts filings name THE CINNAMON NETWORK as a grant recipient include THE VARDY FOUNDATION, ANDREWS CHARITABLE TRUST, WESTHILL ENDOWMENT, THE BISHOP RADFORD TRUST, THE MERCERS CHARITABLE FOUNDATION.
Known funders
| Funder | Year | Amount |
|---|---|---|
| THE VARDY FOUNDATION | FY2023 | £100k |
| ANDREWS CHARITABLE TRUST | FY2021 | £72k |
| WESTHILL ENDOWMENT | FY2023 | £21k |
| THE BISHOP RADFORD TRUST | FY2024 | £20k |
| THE BISHOP RADFORD TRUST | FY2025 | £20k |
| THE BISHOP RADFORD TRUST | FY2022 | £13k |
| THE BISHOP RADFORD TRUST | FY2023 | £13k |
| THE MERCERS CHARITABLE FOUNDATION | FY2023 | £6k |
| THE MAURICE AND HILDA LAING CHARITABLE TRUST | FY2022 | £5k |
| THE BISHOP RADFORD TRUST | FY2024 | £4k |
| THE CORNERSTONE WORKS LTD | FY2022 | £4k |
| THE CORNERSTONE WORKS LTD | FY2023 | £2k |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| JUBILEE CHURCH, COVENTRY | 1 | £51k |
| SANTANDER UK FOUNDATION LIMITED | 1 | £41k |
| MOSAIC CHURCH LIMITED | 1 | £32k |
| REDEEMER WORTHING LTD | 1 | £23k |
| THE BAPTIST UNION OF GREAT BRITAIN | 1 | £23k |
| THE ALMOND TRUST | 1 | £20k |
| HOPE CHURCH HARROGATE | 1 | £18k |
| THE FYRISH FOUNDATION | 1 | £10k |