Charity Accounts Intelreading the accounts so you don’t have to

MARKET HARBOROUGH AND THE BOWDENS CHARITY

Registered charity 1157787 · accounts filings on the Charity Commission register

Latest income
£484k
Latest spending
£732k
Registered
2014
Accounts read
FY2022

Financial health, per its FY2022 accounts

The accounts state that unrestricted reserves stood at £1,176,815, with net free reserves of £651,535, which the Trustees consider acceptable and within their ideal range of £500,000 to £750,000. The charity reports no material uncertainty regarding its ability to continue as a going concern for the foreseeable future.

What the accounts disclose

Reserves policy: twelve to eighteen months of typical outgoing resources (approx £500,000 - £750,000) (held: £652k)
“the Trustees consider that the reserves should ideally be within a range of twelve to eighteen months of the typical outgoing resources of the Charity (excluding amounts specifically covered by designated reserves) which approximately equates to between 6500,000 and $750, 000.” — page 10
Per its FY2022 accounts as filed with the Charity Commission.

Accounts audited by Edward Thomas Peirson & Sons.

Structured financials (annual return, FY ending 31/12/2023)

Total income
£547k
Total spending
£656k
Cost of raising funds
£29k
Reserves (reported)
£1.2m
Employees
3

Reported reserves equal ~21.8 months of spending — in the top quarter for charities its size (median 7.0 months; benchmarks).

Register events

Trustees

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

Operates in: Leicestershire

Income and spending

Financial year endIncomeSpending
31/12/2024£484k£732k
31/12/2023£547k£656k
31/12/2022£697k£957k
31/12/2021£680k£862k
31/12/2020£656k£985k

Common questions

Is MARKET HARBOROUGH AND THE BOWDENS CHARITY financially healthy?

The accounts state that unrestricted reserves stood at £1,176,815, with net free reserves of £651,535, which the Trustees consider acceptable and within their ideal range of £500,000 to £750,000. The charity reports no material uncertainty regarding its ability to continue as a going concern for the foreseeable future. Its FY2022 accounts were audited by Edward Thomas Peirson & Sons.

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