EARTHPERCENT
Financial health, per its FY2024 accounts
The accounts state that the charity achieved an overall surplus of £167,472 for the year ended 31 December 2024, with unrestricted reserves increasing to £300,331. Per the trustees' report, free reserves of £296,664 significantly exceed the stated policy target of three months of core operating costs plus 10% contingency (£106k). The charity holds adequate cash balances and reports no material uncertainties regarding its ability to continue as a going concern.
What the accounts disclose
“Under the current Reserves Policy the level of reserves (that is those funds that are freely available) to maintain adequate working capital and maintain the core infrastructure of the company has been established as at least three months of core operating costs, plus 10% contingency.”
“The charity also charged its subsidiary company EarthPercent Trading Ltd £30,102 (2023: £5,336) in management charges during the year under review and made payments on its behalf.” — page 29
“The charity received covenanted income of £87,685 (2023: £nil) from its trading subsidiary EarthPercent Ltd.” — page 29
“The charity also charged its subsidiary company EarthPercent Trading Ltd £30,102 (2023: £5,336) in management charges during the year under review and made payments on its behalf.” — page 29
“The charity received covenanted income of £87,685 (2023: £nil) from its trading subsidiary EarthPercent Ltd.” — page 29
“The charity also charged its subsidiary company EarthPercent Trading Ltd £30,102 (2023: £5,336) in management charges during the year under review and made payments on its behalf.” — page 29
“The charity received covenanted income of £87,685 (2023: £nil) from its trading subsidiary EarthPercent Ltd.” — page 29
“The charity also charged its subsidiary company EarthPercent Trading Ltd £30,102 (2023: £5,336) in management charges during the year under review and made payments on its behalf.” — page 29
“The charity received covenanted income of £87,685 (2023: £nil) from its trading subsidiary EarthPercent Ltd.” — page 29
“Trading activity is carried out through the trading subsidiary, EarthPercent Trading Ltd (company number 13974842; operational from April 2023).” — page 5
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- Florence Georgia Bess Millerchair
- Adam John Valentine Callan
- Claire Sugrue
- Elodie Therese Roman
- Hiroki Shirasuka
- Humera Afzal
- Michael Edward John Smith
- Sarah Jane Williams
- Ssegawa-Ssekintu Kiwanuka
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £917k | £749k |
| 31/12/2023 | £570k | £571k |
| 31/12/2022 | £344k | £254k |
| 31/01/2022 | £136k | £52k |
| 31/01/2021 | £25k | £16k |
Common questions
Is EARTHPERCENT financially healthy?
The accounts state that the charity achieved an overall surplus of £167,472 for the year ended 31 December 2024, with unrestricted reserves increasing to £300,331. Per the trustees' report, free reserves of £296,664 significantly exceed the stated policy target of three months of core operating costs plus 10% contingency (£106k). The charity holds adequate cash balances and reports no material uncertainties regarding its ability to continue as a going concern. Its FY2024 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| AL Philanthropies | 2 | £1.0m |
| AURUM KALEIDOSCOPE FOUNDATION | 1 | £15.4m |
| THE ROYAL FOUNDATION OF THE PRINCE AND PRINCESS OF WALES | 1 | £6.8m |
| JACOBS FUTURA FOUNDATION | 1 | £400k |
| THE ANNABEL ARBIB FOUNDATION | 1 | £396k |
| THE MASTER CHARITABLE TRUST | 1 | £300k |
| POLDEN PUCKHAM CHARITABLE FOUNDATION | 1 | £200k |
| HUMAN CAPABILITY FOUNDATION | 1 | £200k |