INTERSERVE INTERNATIONAL FELLOWSHIP
Financial health, per its FY2024 accounts
The accounts state that the charity incurred a deficit of $92,787 for the year ended 31 December 2024, resulting in total year-end reserves of $780,815. The trustees confirm that future reserves and income are sufficient to meet current commitments, with no material uncertainties affecting the going concern assessment. Unrestricted reserves held were $389,313, which the trustees note is slightly above their stated policy target of between $175,000 and $350,000.
What the accounts disclose
“The Trustees have amended the reserves policy during the year and now state that the Charity should hold a minimum unrestricted reserve (including designated funds) equivalent to between three and six months expenditure - between $175,000 and $350,000.” — page 6
Year-over-year changes
- Reserves position vs the charity's own policy moved from "below" (FY2023) to "above" (FY2024).
Trustees
- Janet Anne Kennedychair
- GEANA PATRICIA PEREIRA
- Jane Elise Fairweather
- Joohee Lee
- Mathew Santhosh Thomas
- Min Dong Paul Lee
- Rev Rita Rimkiene
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £493k | £567k |
| 31/12/2023 | £407k | £644k |
| 31/12/2022 | £479k | £686k |
| 31/12/2021 | £358k | £285k |
| 31/12/2020 | £456k | £277k |
Common questions
Is INTERSERVE INTERNATIONAL FELLOWSHIP financially healthy?
The accounts state that the charity incurred a deficit of $92,787 for the year ended 31 December 2024, resulting in total year-end reserves of $780,815. The trustees confirm that future reserves and income are sufficient to meet current commitments, with no material uncertainties affecting the going concern assessment. Unrestricted reserves held were $389,313, which the trustees note is slightly above their stated policy target of between $175,000 and $350,000. Its FY2024 accounts were independently examined.
Who funds INTERSERVE INTERNATIONAL FELLOWSHIP?
Funders whose own accounts filings name INTERSERVE INTERNATIONAL FELLOWSHIP as a grant recipient include INTERNATIONAL SERVICE FELLOWSHIP TRUST.
Known funders
| Funder | Year | Amount |
|---|---|---|
| INTERNATIONAL SERVICE FELLOWSHIP TRUST | FY2024 | £22k |