CAMBRIDGE FORUM FOR THE CONSTRUCTION INDUSTRY
Latest income
£116k
Latest spending
£119k
Registered
2019
Accounts read
FY2024
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net movement in funds of negative £2,811 for the year, resulting in a decrease in unrestricted reserves from £132,223 to £129,412. Despite this deficit, the trustees confirm that free reserves are adequate to support the charity and maintain its operational commitments.
What the accounts disclose
Reserves policy: £40,000 operational reserve plus sufficient reserves for 2 years of disrupted operations (held: £129k)
“As a Charity we now believe that we should maintain an Operational Reserve of £40,000, sufficient for 12 months' expenditure and the Trustees' discretion over the annual grants to be awarded. Free reserves (unrestricted funds less fixed assets) were £129,412 at the period end. The CIO is determined to maintain further unrestricted reserves to accommodate 2 years of disrupted operations while maintaining its grants and operational commitments and policies.”
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Peter Northmore, a Trustee of CFCI is a director of Northmore Associates Limited. This company has been used for secretarial and accounting duties during the first 4 months of the year. These costs are included in secretarial/accountancy services and amount to £403 for the year ended 31 December 2024
“Peter Northmore, a Trustee of CFCI is a director of Northmore Associates Limited. This company has been used for secretarial and accounting duties during the first 4 months of the year. These costs are included in secretarial/accountancy services and amount to £403 for the year ended 31 December 2024 (2023: £3,910). Thomas Foggin, a Trustee of CFCI is a director of R H Partnership Architects. The company was reimbursed £117 in the year in respect of CFCI IT costs incurred using the company credit card (2023: £Nil). All Trustees are members of the CIO or belong to organisations which are members of the CIO. There is no benefit to the Trustees or their organisations from trusteeship and tickets are available to events on the same basis as other members.” — page 17
Per its FY2024 accounts as filed with the Charity Commission.
Register events
- Received assets from another charity (11/06/2020)
Trustees
- Alison Jane Wringchair
- Alexandra Pike
- Andrew John Cocksedge
- Colin Boyd
- Daniel MacKenzie
- Gavin J Heaphy
- Gwilym Still
- Isabel Claire McTiffin
- James Godden
- Karlien Paul Maria Geens
- Keir Dixon
- Kelly West
- Nicola Carniato
- Peter McKeown
- Richard Lamont Leo Owers
- Roland Joel Gustafsson
- Sarah Alison Potter
- Stuart John Websdale
- Thomas John Foggin
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £116k | £119k |
| 31/12/2023 | £90k | £88k |
| 31/12/2022 | £118k | £104k |
| 31/12/2021 | £55k | £56k |
| 31/12/2020 | £28k | £47k |
Common questions
Is CAMBRIDGE FORUM FOR THE CONSTRUCTION INDUSTRY financially healthy?
The accounts state that the charity reported a net movement in funds of negative £2,811 for the year, resulting in a decrease in unrestricted reserves from £132,223 to £129,412. Despite this deficit, the trustees confirm that free reserves are adequate to support the charity and maintain its operational commitments. Its FY2024 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| Evelyn Partners Charitable Trust | 1 | £700 |