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THE BOSCO CENTRE

Registered charity 1157639 · accounts filings on the Charity Commission register

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Latest income
£1.9m
Latest spending
£1.7m
Registered
2014
Accounts read
FY2023

Financial health, per its FY2023 accounts

The accounts state that the charity reported a net expenditure deficit of £233,896 for the year ended 31 July 2023, resulting in a decrease in total funds from £5,231,791 to £4,997,895. Despite the deficit, the trustees maintain that there are no material uncertainties regarding the charity's ability to continue as a going concern. The charity holds significant unrestricted reserves of £4,997,895, which the trustees consider well above their stated policy target of three years' operating costs.

What the accounts disclose

Reserves policy: three years' operating costs (held: £5.0m)
“The trustees have determined that the appropriate minimum level of free reserves which are not invested in tangible fixed assets should be equivalent to at least three years' operating costs.”
Per its FY2023 accounts as filed with the Charity Commission.

Accounts audited by Cocke, Vellacott & Hill. Discloses 4 of 6 completeness components.

Structured financials (annual return, FY ending 31/07/2025)

Total income
£1.9m
Total spending
£1.7m
Cost of raising funds
£4k
Reserves (reported)
£4.8m
Employees
43

Reported reserves equal ~32.7 months of spending — in the top quarter for charities its size (median 4.8 months; benchmarks).

Register events

Trustees

Trustee list from the Charity Commission register (current, not historical).

Operates in: Southwark

Income and spending

Financial year endIncomeSpending
31/07/2025£1.9m£1.7m
31/07/2024£1.4m£1.7m
31/07/2023£1.3m£1.5m
31/07/2022£1.1m£1.3m
31/07/2021£1.1m£1.3m

Common questions

Is THE BOSCO CENTRE financially healthy?

The accounts state that the charity reported a net expenditure deficit of £233,896 for the year ended 31 July 2023, resulting in a decrease in total funds from £5,231,791 to £4,997,895. Despite the deficit, the trustees maintain that there are no material uncertainties regarding the charity's ability to continue as a going concern. The charity holds significant unrestricted reserves of £4,997,895, which the trustees consider well above their stated policy target of three years' operating costs. Its FY2023 accounts were audited by Cocke, Vellacott & Hill.