THE RELAY TRUST
Financial health, per its FY2023 accounts
The accounts state that unrestricted reserves stood at £1,630,241 as of 30 September 2023, with no stated reserves policy target. The Trustees have prepared the financial statements on a basis other than going concern because they intend to transfer the charity's trade, assets, and liabilities to a newly incorporated charitable company in 2024.
What the accounts disclose
“In the band £80,001 - £90,000” — page 26
“The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was: 2023 No. 2” — page 26
“As a result of this, these accounts have been prepared on a basis other than going concern. See Note 1.2 for further details.”
“During the year, unrestricted donations totalling £7,623,180 (2022 - £4,852,568) were received from Trustees and other related parties.” — page 32
Year-over-year changes
- Going concern: no going-concern doubt (FY2022) → going-concern doubt noted (FY2023).
Leadership, per the charity’s website
- Doug Ingram — Chief Executive Officer
- Daniel Magagnin — Chief Relationship Officer
- Shumi Kupara — Chief Administrative Officer
Funders the charity credits
- Relay Foundation
Structured financials (annual return, FY ending 31/03/2025)
Trustees
- NEIL ESPIE SMITH
- ROGERIA MULRINE
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £8.6m | £7.0m |
| 30/09/2023 | £9.5m | £8.6m |
| 30/09/2022 | £6.4m | £6.4m |
| 31/03/2021 | £2.9m | £1.6m |
| 31/03/2020 | £676k | £1.3m |
Common questions
Is THE RELAY TRUST financially healthy?
The accounts state that unrestricted reserves stood at £1,630,241 as of 30 September 2023, with no stated reserves policy target. The Trustees have prepared the financial statements on a basis other than going concern because they intend to transfer the charity's trade, assets, and liabilities to a newly incorporated charitable company in 2024. Its FY2023 accounts were audited by Lubbock Fine LLP.
What does the highest-paid employee of THE RELAY TRUST earn?
Per its FY2023 accounts, the highest-paid employee was in the £80,001 - £90,000 band, and 2 employees earned over £60,000.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| SHEPPERTON COMMUNITY CHURCH | 1 | £5.5m |
| GRACE CHURCH EXETER | 1 | £614k |
| HOPE CHURCH WINCHESTER | 1 | £87k |
| ZAIMAH | 1 | £66k |
| GRACE CHURCH SALISBURY | 1 | £52k |
| CITY CHURCH BRISTOL | 1 | £43k |
| CITYGATE CHURCH | 1 | £9k |
| RELATIONAL MISSION | 1 | £8k |