THE OLTON PROJECT CIO
Latest income
£496k
Latest spending
£256k
Registered
2019
Accounts read
FY2024
Financial health, per its FY2024 accounts
The accounts state that unrestricted reserves stood at £1,783,518, representing approximately two years of normal running costs. The charity reported a net income of £241,583 and a positive cash inflow of £47,636 for the year, with trustees confirming adequate resources for the next 12 months.
What the accounts disclose
Reserves policy: sufficient cash reserves to meet on-going commitments (held: £1.8m)
“The Trustees maintain sufficient cash reserves to meet on-going commitments.”
Per its FY2024 accounts as filed with the Charity Commission.
Structured financials (annual return, FY ending 31/03/2022)
Total income
£866k
Total spending
£99k
Cost of raising funds
£641
Reserves (reported)
£1.6m
Employees
21
Register events
- Received assets from another charity (17/05/2022)
Trustees
- Dr Daniel Jacksonchair
- Dr Ahmed Elsheikh
- Dr Huda Hussein
- Dr Mahibur Rahman
- Dr OZAIR ISMAIL MBCHB
- Dr Sami Ahmed
- Mohamed Azam Mohamed Mansoor
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £496k | £256k |
| 31/03/2024 | £295k | £166k |
| 31/03/2023 | £296k | £145k |
| 31/03/2022 | £866k | £99k |
| 31/03/2021 | £829k | £42k |
Common questions
Is THE OLTON PROJECT CIO financially healthy?
The accounts state that unrestricted reserves stood at £1,783,518, representing approximately two years of normal running costs. The charity reported a net income of £241,583 and a positive cash inflow of £47,636 for the year, with trustees confirming adequate resources for the next 12 months. Its FY2024 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| SOLIDARITY PROJECTS LTD | 1 | £32k |
| London Homelessness Foundation | 1 | £25k |
| ICC MISSIONS | 1 | £10k |
| DRAPERS CHARITABLE FUND | 1 | £10k |