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

GALILEO FOUNDATION

Registered charity 1175889 · accounts filings on the Charity Commission register · filing overdue (register status)

Latest income
£723k
Latest spending
£763k
Registered
2017
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that the charity made a deficit of £40,015 for the year ended 31 July 2024, resulting in unrestricted reserves decreasing to £123,578. The trustees report that this level of reserves is above their stated target of £100,000 and express confidence that ongoing fundraising will maintain satisfactory levels. The charity operates on a going concern basis with no material uncertainties identified.

What the accounts disclose

Reserves policy: £100,00 (held: £124k)
“we would aim to have a reserves policy of £100,00 at the moment”
Per its FY2024 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit).

Structured financials (annual return, FY ending 31/07/2024)

Total income
£723k
Total spending
£763k
Cost of raising funds
£147k
Reserves (reported)
£124k
Employees
1

Reported reserves equal ~1.9 months of spending — in the bottom quarter for charities its size (median 5.2 months; benchmarks).

Trustees

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

Operates in: Throughout England And Wales

Income and spending

Financial year endIncomeSpending
31/07/2025——
31/07/2024£723k£763k
31/07/2023£972k£1.0m
31/07/2022£1.5m£1.3m
31/07/2021£51k£255k

Common questions

Is GALILEO FOUNDATION financially healthy?

The accounts state that the charity made a deficit of £40,015 for the year ended 31 July 2024, resulting in unrestricted reserves decreasing to £123,578. The trustees report that this level of reserves is above their stated target of £100,000 and express confidence that ongoing fundraising will maintain satisfactory levels. The charity operates on a going concern basis with no material uncertainties identified. Its FY2024 accounts were independently examined.

Who funds GALILEO FOUNDATION?

Funders whose own accounts filings name GALILEO FOUNDATION as a grant recipient include GENESIS AMERICA (UK) LIMITED.

Known funders

Grants to this charity found in funders’ own accounts filings.

FunderYearAmount
GENESIS AMERICA (UK) LIMITEDFY2022£90k

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 MASTER CHARITABLE TRUST1£323k
E AND E KERNKRAUT CHARITIES LIMITED1£26k
RONTADES LIMITED1£25k
THE BORROWS CHARITABLE TRUST1£10k
BEIS KOSOV1£9k
SHAAREI RACHAMIM LIMITED1£8k
KAHAL IMREI CHAIM LIMITED1£5k
TRUEDENE CO LIMITED1£5k

Charities like this

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