Q1 FOUNDATION
The Charity's Objects are specifically restricted only for the public benefit to preventing or providing relief from sickness, disease or human suffering by assisting vulnerable adult members of the public in Oxfordshire, Berkshire and Buckinghamshire.
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net outgoing resource of £8,804 for the year ended 31 December 2024, resulting in total funds of £21,239. The trustees acknowledge ongoing financial pressures and have scaled back activities, while also noting an employment tribunal claim of up to £100,000 as a contingent liability. Despite these uncertainties, the trustees maintain that the going concern basis of preparation remains appropriate.
What the accounts disclose
“The trustees aim to maintain a £10,000 reserve, a level that would cover any near term future commitments of the charity.” — page 5
“The charity currently has limited operations and faces an employment tribunal claim of up to £100,000. While the trustees are confident they will successfully defend this claim and plan to resume activities, these situations create uncertainty about the charity's future.” — page 9
“Melanie Meads, a trustee of the charity, has personally agreed to indemnify Q1 Foundation in relation to the charity’s lease obligations in the event that the Foundation defaults on its lease commitments. This relates to the operating lease for Ground Floor Premises, Unit 8 The Arcade, High Street, Goring on Thames, Oxfordshire RG8 9AY and covers the charity's rental commitments with a maximum exposure of £52,355 representing the total outstanding lease commitments as disclosed in Note 5. The trustee has received no consideration for providing this guarantee, and no amounts were called upon during the year. No other related party transactions occurred during the year.” — page 19
Register events
- Received assets from another charity (28/03/2022)
Trustees
- Melanie Meadschair
- Claire Harden-Sweetnam
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £88k | £97k |
| 31/12/2023 | £91k | £72k |
| 31/12/2022 | £64k | £66k |
| 31/12/2021 | £58k | £54k |
| 31/12/2020 | £42k | £36k |
Common questions
Is Q1 FOUNDATION financially healthy?
Per its FY2024 accounts: The accounts state that the charity reported a net outgoing resource of £8,804 for the year ended 31 December 2024, resulting in total funds of £21,239. The trustees acknowledge ongoing financial pressures and have scaled back activities, while also noting an employment tribunal claim of up to £100,000 as a contingent liability. Despite these uncertainties, the trustees maintain that the going concern basis of preparation remains appropriate. Its FY2024 accounts were independently examined.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Community Fund | 22/07/2022 | £10k | Community Support in the Goring Gap |