THE RAFT FOUNDATION
The Raft Foundation is a crisis support foodbank providing individuals and families in Rossendale:- parcels of food for 3 meals a day x 7 days per person- essential household goods, e.g. nappies, toiletries- signposting to support with their causes of povertyWe deliver 3 days per week, every week, with the other days spent sourcing, collecting, sorting and packing donated food.
Objects
THE RELIEF OF FINANCIAL HARDSHIP AMONGST PEOPLE IN ROSSENDALE AND THE SURROUNDING AREAS:A)PROVIDING EMERGENCY FOOD, ESSENTIAL TOILETRIES, HOUSEHOLD ITEMS AND OTHER ITEMS GIFTED TO THE ORGANISATION FOR THE BENEFIT OF INDIVIDUALS AND FAMILIES IN NEED B)SUCH OTHER MEANS, INCLUDING (BUT NOT LIMITED TO)THE PROVISION OF SUPPORT OR SIGNPOSTING TO RELEVANT INFORMATION AND OTHER ADVISORY SERVICES.
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net expenditure deficit of £15,100 for the year ended 31 December 2024, reducing its unrestricted reserves from £152,174 to £137,074. Per the trustees' report, the charity's reserves policy is to maintain free reserves equivalent to approximately twelve months of operating expenditure, with a target of £50,000 considered sufficient. The current unrestricted reserves of £137,074 are above this stated policy target.
What the accounts disclose
“There were no employees whose annual remuneration was more than £60,000.” — page 35
“It is the policy of the Charity to maintain unrestricted funds, which are free reserves of the Charity, at a level which as a minimum equates to approximately twelve months operating expenditure. A reserve in the order of £50,000 is considered sufficient” — page 25
Policies the charity declares
- Bullying and harassment policy and procedures
- Complaints handling
- Complaints policy and procedures
- Conflicting interests
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Risk management
- Safeguarding policy and procedures
- Safeguarding vulnerable beneficiaries
- Serious incident reporting policy and procedures
- Trustee expenses policy and procedures
Trustees
- Janice Beverley Johnsonchair
- David Paul Heaton
- Gerard Francis Greenhalgh
- Gillian Heaton
- Mark John Stapleton
- Nicholas Subasic
- Stephen Hall
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £61k | £76k |
| 31/12/2023 | £87k | £70k |
| 31/12/2022 | £107k | £59k |
| 31/12/2021 | £104k | £38k |
Common questions
Is THE RAFT FOUNDATION financially healthy?
Per its FY2024 accounts: The accounts state that the charity reported a net expenditure deficit of £15,100 for the year ended 31 December 2024, reducing its unrestricted reserves from £152,174 to £137,074. Per the trustees' report, the charity's reserves policy is to maintain free reserves equivalent to approximately twelve months of operating expenditure, with a target of £50,000 considered sufficient. The current unrestricted reserves of £137,074 are above this stated policy target. Its FY2024 accounts were independently examined.