SOUND FOUNDATION COMMUNITY CARE
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net loss of £55,693 for the year ended 30 September 2024, driven by total expenditure of £214,517 against income of £158,824. Per the trustees' report, free reserves stood at £186,558, which the trustees confirm represents over 12 months of operating expenses and meets their policy target of covering approximately 5 months of running costs.
What the accounts disclose
“the Trustees have identified that the level of reserves should cover approximately 5 months operating expenses, excluding depreciation, and an allowance for maintenance works.” — page 12
Register events
- Received assets from another charity (16/05/2017)
Trustees
- Monica Gilloolychair
- Dragana Brown
- Jane Keep
- Stephen Anderson
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 30/09/2025 | £130k | £200k |
| 30/09/2024 | £159k | £215k |
| 30/09/2023 | £119k | £126k |
| 30/09/2022 | £120k | £136k |
| 30/09/2021 | £123k | £119k |
Common questions
Is SOUND FOUNDATION COMMUNITY CARE financially healthy?
The accounts state that the charity reported a net loss of £55,693 for the year ended 30 September 2024, driven by total expenditure of £214,517 against income of £158,824. Per the trustees' report, free reserves stood at £186,558, which the trustees confirm represents over 12 months of operating expenses and meets their policy target of covering approximately 5 months of running costs. Its FY2024 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE FRANK JACKSON FOUNDATION | 1 | £85k |
| THE PARGITER TRUST | 1 | £80k |
| THE ALDGATE AND ALLHALLOWS FOUNDATION | 1 | £30k |
| NORFOLK COMMUNITY FOUNDATION | 1 | £30k |
| ST EDMUNDS TRUST | 1 | £21k |
| NFL FOUNDATION UK | 1 | £12k |
| THE FRANCIS WINHAM FOUNDATION | 1 | £10k |
| PAUL AND LOUISE COOKE ENDOWMENT | 1 | £5k |