ESSEX RECOVERY FOUNDATION
Financial health, per its FY2024 accounts
The accounts state that unrestricted reserves were £14,130, which is below the charity's stated policy target of approximately £180,000 (three months of operational costs). However, the charity holds significant restricted funds of £759,478, including £667,000 from Essex County Council covering future operational costs, and the trustees report confidence in securing further funding.
What the accounts disclose
“One employee received remuneration benefits of between £60k and £70k.” — page 16
“One employee received remuneration benefits of between £60k and £70k.” — page 16
“Our reserves policy is to hold a minium of three months of operational costs in reserves at all times which equates to approximately £180,000.” — page 6
Year-over-year changes
- Employees paid over £60,000: 0 (FY2022) → 1 (FY2024).
Structured financials (annual return, FY ending 30/09/2024)
Trustees
- Andrew Sheldon
- David Robert Clarke
- Dr Marcus Eldon Roberts
- James Robert Cook
- Joseph Harrington
- Katherine Mitchell
- Madeline Goldie
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 30/09/2024 | £755k | £632k |
| 30/09/2023 | £475k | £322k |
| 30/09/2022 | £183k | £85k |
| 30/09/2021 | £367k | £1k |
| 30/09/2020 | £0 | £0 |
Common questions
Is ESSEX RECOVERY FOUNDATION financially healthy?
The accounts state that unrestricted reserves were £14,130, which is below the charity's stated policy target of approximately £180,000 (three months of operational costs). However, the charity holds significant restricted funds of £759,478, including £667,000 from Essex County Council covering future operational costs, and the trustees report confidence in securing further funding. Its FY2024 accounts were independently examined.
What does the highest-paid employee of ESSEX RECOVERY FOUNDATION earn?
Per its FY2024 accounts, the highest-paid employee was in the £60,001 - £70,000 band, and 1 employees earned over £60,000.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| E B M CHARITABLE TRUST | 1 | £147k |
| JOHN LAING CHARITABLE TRUST | 1 | £89k |
| THE VINTNERS' FOUNDATION | 1 | £24k |
| THE JOSEPH AND LILIAN SULLY FOUNDATION | 1 | £20k |
| The Aurelia Foundation | 1 | £18k |
| EDWARDS FAMILY CHARITABLE TRUST | 1 | £5k |
| CHAPMAN CHARITABLE TRUST | 1 | £2k |
| THE LIGHT FUND COMPANY | 1 | £2k |