Charity Accounts Intelreading the accounts so you don’t have to

REFUGEASE

Registered charity 1175022 · accounts filings on the Charity Commission register

Latest income
£300k
Latest spending
£323k
Registered
2017
Accounts read
FY2023

Financial health, per its FY2023 accounts

The accounts state that the charity incurred a net deficit of £108,411 for the year, resulting in unrestricted funds falling to a negative balance of £29,994. The Trustees explicitly acknowledge that the charity is insolvent at the balance sheet date, though they maintain going concern status based on a recovery plan. Total incoming resources decreased significantly to £428,122 from £748,541 in the prior year.

What the accounts disclose

Reserves policy: suitable level in order to meet its ongoing liabilities (held: £-30k)
“the Trustees have made a decision that the Charity should keep funds at a suitable level in order to meet its ongoing liabilities.” — page 9
Per its FY2023 accounts as filed with the Charity Commission.
Going concern: noted by the trustees or auditor
“The Trustees identify that the charity is insolvent at the balance sheet date and the date of signing but are confident that the recovery plan in place will be sufficient to bring the charity back into a solvent position.” — page 22
Per its FY2023 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit).

Public fundraising profile: JustGiving — Refugease (matched by registered charity number).

Structured financials (annual return, FY ending 31/12/2022)

Total income
£749k
Total spending
£680k
Cost of raising funds
£369k
Reserves (reported)
£77k
Employees
21

Reported reserves equal ~1.4 months of spending — in the bottom quarter for charities its size (median 7.0 months; benchmarks).

Trustees

Trustee list from the Charity Commission register (current, not historical).

Operates in: Greece · Jordan · Nigeria · Occupied Palestinian Territories · Throughout England · Turkey · Ukraine

Income and spending

Financial year endIncomeSpending
31/12/2024£300k£323k
31/12/2023£428k£537k
31/12/2022£749k£680k
31/12/2021£250k£247k
31/12/2020£60k£52k

Common questions

Is REFUGEASE financially healthy?

The accounts state that the charity incurred a net deficit of £108,411 for the year, resulting in unrestricted funds falling to a negative balance of £29,994. The Trustees explicitly acknowledge that the charity is insolvent at the balance sheet date, though they maintain going concern status based on a recovery plan. Total incoming resources decreased significantly to £428,122 from £748,541 in the prior year. Its FY2023 accounts were independently examined.

Funders of similar charities

Funders whose accounts show grants to charities similar to this one (and no recorded grant to this charity) — a starting list for fundraisers.

FunderSimilar charities fundedAmount to them
The Caring Family Foundation1£793k
THE BORROWS CHARITABLE TRUST1£75k
THE ORR MACKINTOSH FOUNDATION LIMITED1£57k
SWAROVSKI FOUNDATION1£35k
BERNARD LEWIS FAMILY CHARITABLE TRUST1£29k
THE PENNIES FOUNDATION1£26k
KUSUMA TRUST UK1£20k
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH, CHORLEYWOOD1£12k

Charities like this

Semantically similar by activities and financial character, from our analysed corpus. Compare with SANCTUARY FOUNDATION.