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.
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
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.