CONNECT: NORTH KOREA
Registered charity 1176563 · accounts filings on the Charity Commission register
We enable North Korean escapees to heal, grow, and live the lives they choose.
Causes: Education/training · website · Get email alerts
Financial health, per its FY2024 accounts
The accounts state that the charity reported total income of £543,499 and total expenditure of £502,008, resulting in a net movement in funds of £43,110. Per the trustees' report, unrestricted reserves stood at £9,223, which is below the stated policy target of three months of unrestricted expenditure. The trustees identified the greatest risk to the organisation as a lack of funds to meet obligations.
Automated summary of the FY2024 accounts; the evidenced findings below carry the verbatim passages.
What the accounts disclose
Reserves position: below the charity's own stated reserves policy (held: £9k)
“The ultimate aim of our reserves policy is to maintain 3 months of unrestricted reserves to cover any changes in our income. Trustees felt that funds should be deployed to be able to grow the organisation, meaning we have a limited reserve of £9,223 at this moment.” — page 12
Per its FY2024 accounts as filed with the Charity Commission.
Accounts independently examined (not a full audit). Discloses 4 of 6 completeness components.
Structured financials (annual return, FY ending 31/12/2024)
Cost of raising funds
£21k
Reported reserves equal ~0.2 months of spending — in the bottom quarter for charities its size (median 5.2 months; benchmarks).
Per its annual return, largest income source: Donations and legacies (100% of income) — components as reported reconcile to the return’s total income; not from the accounts narrative.
Per its annual return, cost of raising funds: 3.8% of total income — below the median for charities its size (4.9%) (benchmarks).
- Pepa Shorechair
- Laura Rebecca Butlin
- Sun You Park
- Susan Kim
- Timea Szeteiova
Trustee list from the Charity Commission register (current, not historical).
Operates in: Throughout England And Wales
Income and spending
Common questions
Is CONNECT: NORTH KOREA financially healthy?
Per its FY2024 accounts: The accounts state that the charity reported total income of £543,499 and total expenditure of £502,008, resulting in a net movement in funds of £43,110. Per the trustees' report, unrestricted reserves stood at £9,223, which is below the stated policy target of three months of unrestricted expenditure. The trustees identified the greatest risk to the organisation as a lack of funds to meet obligations. Its FY2024 accounts were independently examined.
Who funds CONNECT: NORTH KOREA?
Funders whose own accounts filings name CONNECT: NORTH KOREA as a grant recipient include TRUST FOR LONDON, EDUCATIONAL OPPORTUNITY FOUNDATION, THE HOBSON CHARITY LIMITED, THE FORRESTER FAMILY TRUST, LONDON CATALYST.
Known funders
Grants to this charity found in funders’ own accounts filings.
Government & lottery funding
Grants to this charity published as open data by government and lottery funders (360Giving).
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.
Charities like this
Semantically similar by activities and financial character, from our analysed corpus. Compare with KOREA FUTURE INITIATIVE CIO.
Side by side with its peers
Each row is that charity’s latest analysed filing; every value is quote-backed on its own page.