OPENBRIGHT FOUNDATION
OpenBright was registered as a charity in 2020. From Autumn 2021, we plan to offer small grants to help women develop university-level research projects in computing and IT-related subjects. Our grants will be aimed at students studying for UK-based degrees or postgraduate qualifications in software engineering, creative/social technologies, robotics or related areas.
Financial health, per its FY2025 accounts
The accounts state that the charity's net assets increased to £33,628, with unrestricted reserves rising by £28,398 during the year. The trustees confirm that the charity is entitled to exemption from audit and that the accounts were examined by an independent examiner. The filing indicates no material uncertainties regarding the charity's ability to continue as a going concern.
What the accounts disclose
“Related party transactions: During the year, the charity paid Ruth Townsley £9,902.30 for the provision of consultancy service to the charity on her normal commercial terms. Ruth Townsley is married to the trustee Andrew Roberts.” — page 22
Trustees
- Andrew Roberts
- Elizabeth Molyneux
- Geraldine Flanagan
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £83k | £55k |
| 31/03/2024 | £10k | £62k |
| 31/03/2023 | £60k | £36k |
| 31/03/2022 | £74k | £41k |
| 31/03/2021 | £11k | £11k |
Common questions
Is OPENBRIGHT FOUNDATION financially healthy?
Per its FY2025 accounts: The accounts state that the charity's net assets increased to £33,628, with unrestricted reserves rising by £28,398 during the year. The trustees confirm that the charity is entitled to exemption from audit and that the accounts were examined by an independent examiner. The filing indicates no material uncertainties regarding the charity's ability to continue as a going concern. Its FY2025 accounts were independently examined.