TOGETHER FOR CHANGE COVENTRY AND WARWICKSHIRE
Financial health, per its FY2023 accounts
The accounts state that the charity ended the year with unrestricted reserves of £15,000, which the trustees confirm is in keeping with their policy of maintaining a minimum of three months' unrestricted income. Total incoming resources were approximately £424,000 from fundraising and grants, while total expenditure was £445,000, resulting in a slight decrease in total fund balance from £149,000 to £127,000.
What the accounts disclose
“In June 2018 the Trustees reviewed their reserves policy and agreed that because of the flexible nature of our work, TFC should set a minimum reserve of 3 months’ unrestricted income, but ideally aspire to 6 months”
Year-over-year changes
- Reserves position vs the charity's own policy moved from "below" (FY2022) to "above" (FY2023).
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- Christopher Routledge
- Edward Michael Palairet
- Karen Birch
- MICHAEL GEOFFREY VINCENT
- Rev Gareth Irvine
- Stephen Wyatt
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £712k | £463k |
| 31/12/2023 | £424k | £445k |
| 31/12/2022 | £376k | £398k |
| 31/12/2021 | £556k | £575k |
| 31/12/2020 | £416k | £275k |
Common questions
Is TOGETHER FOR CHANGE COVENTRY AND WARWICKSHIRE financially healthy?
The accounts state that the charity ended the year with unrestricted reserves of £15,000, which the trustees confirm is in keeping with their policy of maintaining a minimum of three months' unrestricted income. Total incoming resources were approximately £424,000 from fundraising and grants, while total expenditure was £445,000, resulting in a slight decrease in total fund balance from £149,000 to £127,000. Its FY2023 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| BEIS MENACHEM CHABAD LUBAVITCH | 1 | £102k |
| YESHIVAS LUBAVITCH MANCHESTER | 1 | £20k |
| NEAR NEIGHBOURS | 1 | £14k |
| CHARITIES ADMINISTERED IN CONNECTION WITH THE UNAFFILIATED CONGREGATIONAL CHURCHES | 1 | £3k |
| PARKLAKE CHARITY TRUST | 1 | £2k |
Charities like this
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- TOIMCHEI SHABBOS MANCHESTER
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- THE REDEEMED CHRISTIAN CHURCH OF GOD OVERCOMERS HOUSE CHIPPENHAM
- THRIVE TOGETHER BIRMINGHAM