BREAKEVEN
Financial health, per its FY2023 accounts
The accounts state that the charity operated at a net expenditure of £1,783 for the year, resulting in unrestricted funds decreasing from £53,798 to £52,015. The trustees report that reserves are minimal and the charity is working to bridge the gap between spending and income, though they consider resources adequate to continue operations. The filing notes that financial sustainability is the major financial risk, managed through regular reviews of liquid funds and creditor balances.
What the accounts disclose
Structured financials (annual return, FY ending 31/03/2025)
Trustees
- David John Westcott
- GORDON CHAPMAN
- Wayne Keane
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £2.2m | £2.1m |
| 31/03/2024 | £1.6m | £1.7m |
| 31/03/2023 | £913k | £915k |
| 31/03/2022 | £768k | £868k |
| 31/03/2021 | £913k | £862k |
Common questions
Is BREAKEVEN financially healthy?
The accounts state that the charity operated at a net expenditure of £1,783 for the year, resulting in unrestricted funds decreasing from £53,798 to £52,015. The trustees report that reserves are minimal and the charity is working to bridge the gap between spending and income, though they consider resources adequate to continue operations. The filing notes that financial sustainability is the major financial risk, managed through regular reviews of liquid funds and creditor balances. Its FY2023 accounts were independently examined.