52 LIVES
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net income gain of £42,044 for the year ended 31 March 2024, with total unrestricted funds of £126,294. The trustees note that the charity remains reliant on corporate sponsors Gala Bingo and NBB Recycled Furniture for unrestricted income, though contracts have been renewed. Free reserves were calculated at £69,294, which the trustees consider sufficient given their reserves policy of maintaining six to nine months of expected expenditure.
What the accounts disclose
“The trustees have agreed that an appropriate reserves policy is for the Charity to maintain six to nine months of expected expenditure at any time.” — page 27
Trustees
- Laura Britland Furnesschair
- BARRY TROUT
- Charles Henry Welham
- JONATHAN THURSTON
- Jane Cockerell
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £370k | £394k |
| 31/03/2024 | £371k | £329k |
| 31/03/2023 | £345k | £336k |
| 31/03/2022 | £357k | £408k |
| 31/03/2021 | £350k | £316k |
Common questions
Is 52 LIVES financially healthy?
The accounts state that the charity reported a net income gain of £42,044 for the year ended 31 March 2024, with total unrestricted funds of £126,294. The trustees note that the charity remains reliant on corporate sponsors Gala Bingo and NBB Recycled Furniture for unrestricted income, though contracts have been renewed. Free reserves were calculated at £69,294, which the trustees consider sufficient given their reserves policy of maintaining six to nine months of expected expenditure. Its FY2024 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| STARLOW CHARITIES LIMITED | 2 | £141k |
| FRIENDS OF WIZNITZ LIMITED | 1 | £335k |
| BAKER FAMILY CHARITABLE TRUST | 1 | £267k |
| SF FOUNDATION | 1 | £209k |
| GILMOOR BENEVOLENT FUND LIMITED | 1 | £154k |
| CMZ LTD | 1 | £137k |
| NES FOUNDATION LTD | 1 | £112k |
| MERCAZ TORAH VECHESED LIMITED | 1 | £104k |