Q+
Financial health, per its FY2024 accounts
The accounts state that the charity made a surplus of £107,892 for the year, increasing its total reserves to £693,007. The trustees report that the charity is financially stable and secure, with adequate resources to continue in operational existence for the foreseeable future. However, the independent auditors issued a qualified opinion because they could not verify the valuation and existence of a number of employees, meaning the wage charges could be materially misstated.
What the accounts disclose
“The charity aims to maintain total reserves at a level equivalent to at least six months operating costs based on current annual expenditure whilst also considering the possible need for redundancy costs.” — page 16
“We were not able to obtain sufficient, appropriate and reliable, audit evidence to confirm the valuation and existence of a number of employees and therefore that the wages charge in the financial statements is free from material misstatement.” — page 21
“We were not able to obtain sufficient, appropriate and reliable, audit evidence to confirm the valuation and existence of a number of employees and therefore that the wages charge in the financial statements is free from material misstatement.” — page 21
Structured financials (annual return, FY ending 31/08/2025)
Trustees
- Paul Greatorexchair
- Catherine Carroll
- Delyth Smith
- Janet Mary Melsom
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/08/2025 | £3.5m | £3.1m |
| 31/08/2024 | £3.3m | £3.2m |
| 31/08/2023 | £3.0m | £3.1m |
| 31/08/2022 | £2.6m | £2.6m |
| 31/08/2021 | £2.1m | £1.8m |
Common questions
Is Q+ financially healthy?
The accounts state that the charity made a surplus of £107,892 for the year, increasing its total reserves to £693,007. The trustees report that the charity is financially stable and secure, with adequate resources to continue in operational existence for the foreseeable future. However, the independent auditors issued a qualified opinion because they could not verify the valuation and existence of a number of employees, meaning the wage charges could be materially misstated. Its FY2024 accounts were audited by Mitchell Charlesworth (Audit) Limited.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE NATIONAL GARDEN SCHEME | 1 | £870k |
| ACHISOMOCH AID COMPANY LIMITED | 1 | £590k |
| SF FOUNDATION | 1 | £166k |
| TIFERES YOCHANAN TOLNA | 1 | £96k |
| HURDALE CHARITY LIMITED | 1 | £94k |
| FRIENDS OF WIZNITZ LIMITED | 1 | £85k |
| GILMOOR BENEVOLENT FUND LIMITED | 1 | £85k |
| UNITED TALMUDICAL ASSOCIATES LTD | 1 | £79k |