Charity Accounts Intelreading the accounts so you don’t have to

WELLBEING ECONOMY ALLIANCE

Registered charity 1190040 · accounts filings on the Charity Commission register · also known as THE WELLBEING ECONOMY ALLIANCE, WEALL

Get email alerts for this charity

Latest income
£1.0m
Latest spending
£1.1m
Registered
2020
Accounts read
FY2023

Financial health, per its FY2023 accounts

The accounts state that the charity generated a surplus of £195,322 for the year, with unrestricted reserves increasing to £290,536. The trustees' report notes a principal risk regarding funding sources, as fundraising has traditionally been delivered by a small cohort, though the organisation is looking to broaden this capacity. The independent auditors confirmed that the use of the going concern basis of accounting is appropriate with no material uncertainties identified.

What the accounts disclose

Reserves policy: 25% (i.e. 3 months) of the annual salary bill for the Global Amplification team, including the costs of freelance contractors (held: £291k)
“WEAll’s aim is to maintain 25% (i.e. 3 months) of the annual salary bill for the Global Amplification team, including the costs of freelance contractors, as reserves. Based on WEAll's head count and freelancer liabilities in the year ended 31 December 2023, this means a figure of £164,097 would ideally be held in Reserve.” — page 8
Per its FY2023 accounts as filed with the Charity Commission.

Accounts audited by Fletcher and Partners. Discloses 4 of 6 completeness components.

Structured financials (annual return, FY ending 31/12/2024)

Total income
£1.0m
Total spending
£1.1m
Reserves (reported)
£164k
Employees
4

Reported reserves equal ~1.8 months of spending — in the bottom quarter for charities its size (median 4.8 months; benchmarks).

Register events

Trustees

Trustee list from the Charity Commission register (current, not historical).

Operates in: Throughout England And Wales

Income and spending

Financial year endIncomeSpending
31/12/2024£1.0m£1.1m
31/12/2023£1.2m£1.0m
31/12/2022£822k£767k
31/12/2021£625k£561k
31/12/2020£519k£372k

Common questions

Is WELLBEING ECONOMY ALLIANCE financially healthy?

The accounts state that the charity generated a surplus of £195,322 for the year, with unrestricted reserves increasing to £290,536. The trustees' report notes a principal risk regarding funding sources, as fundraising has traditionally been delivered by a small cohort, though the organisation is looking to broaden this capacity. The independent auditors confirmed that the use of the going concern basis of accounting is appropriate with no material uncertainties identified. Its FY2023 accounts were audited by Fletcher and Partners.