THE BRAKES COMMUNITY FOUNDATION CIO
Financial health, per its FY2025 accounts
The accounts state that unrestricted funds increased from £29,909 to £49,429 during the year, resulting in a net income of £19,628. The trustees note a reserves aim of approximately £10,000, which is comfortably exceeded by the actual unrestricted reserves held. The independent examiner confirmed that no matters came to their attention giving cause to believe the accounts were not prepared in accordance with applicable standards.
What the accounts disclose
“It is the aim of The Brakes Community Foundation to have 6 months worth of operating costs in its current account at any given time, which equates to approximately £10,000, although there is no formal policy on this.” — page 3
Trustees
- Jonathan Eales BSc Honschair
- Dawn Johnston-Smith
- Morten Illum
- Russell William Davis
- oliver spencer
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 30/06/2025 | £299k | £279k |
| 30/06/2024 | £162k | £150k |
| 30/06/2023 | £152k | £142k |
| 30/06/2022 | £66k | £70k |
| 30/06/2021 | £33k | £21k |
Common questions
Is THE BRAKES COMMUNITY FOUNDATION CIO financially healthy?
The accounts state that unrestricted funds increased from £29,909 to £49,429 during the year, resulting in a net income of £19,628. The trustees note a reserves aim of approximately £10,000, which is comfortably exceeded by the actual unrestricted reserves held. The independent examiner confirmed that no matters came to their attention giving cause to believe the accounts were not prepared in accordance with applicable standards. Its FY2025 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| STREETGAMES UK | 1 | £500k |
| THE AMATEURS TRUST | 1 | £90k |
| MISSION INDIA | 1 | £75k |