BRIGHT RED CHARITY
Latest income
£263k
Latest spending
£193k
Registered
2018
Accounts read
FY2023
Financial health, per its FY2023 accounts
The accounts state that the charity held unrestricted reserves of £377,389 against commitments of £118,659, maintaining a level above its stated policy target of 1.5 times commitments. The trustees confirmed adequate resources for going concern, and the net income on unrestricted funds was £78,554 for the year.
What the accounts disclose
Reserves policy: between three and six month’s expenditure (held: £377k)
“The Trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the Charity’s current activities”
Per its FY2023 accounts as filed with the Charity Commission.
Corporate structure
- Registered company of the charity Companies House 11386486
Trustees
- Mark Richard Thompsonchair
- Charlotte Ord
- Dr Emily Graves
- GAIL JONES
- Professor Matthew Collin Prof
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £263k | £193k |
| 31/12/2023 | £247k | £179k |
| 31/12/2022 | £209k | £180k |
| 31/12/2021 | £128k | £155k |
| 31/12/2020 | £149k | £167k |
Common questions
Is BRIGHT RED CHARITY financially healthy?
The accounts state that the charity held unrestricted reserves of £377,389 against commitments of £118,659, maintaining a level above its stated policy target of 1.5 times commitments. The trustees confirmed adequate resources for going concern, and the net income on unrestricted funds was £78,554 for the year. Its FY2023 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE FRANCES AND AUGUSTUS NEWMAN FOUNDATION | 1 | £176k |
| DAVID & RUTH LEWIS FAMILY CHARITABLE TRUST | 1 | £55k |
| OGLESBY CHARITABLE TRUST | 1 | £50k |
| THE EMMANUEL KAYE FOUNDATION | 1 | £45k |
| THE GEORGE GOODSIR CHARITABLE TRUST | 1 | £25k |
| THE ADINT CHARITABLE TRUST | 1 | £15k |
| THE CHRISTOPHER AND HENRY OLDFIELD TRUST | 1 | £10k |
| SIR SAMUEL SCOTT OF YEWS TRUST | 1 | £10k |