SAINT CALINIC FROM CERNICA
Financial health, per its FY2023 accounts
The accounts state that unrestricted funds increased to £277,865.53 by the end of the period, with the Trustees considering this level prudent against a policy target of six months' operating costs. The charity reported a net surplus for the year and maintains sufficient resources to continue operations, with no material uncertainties disclosed regarding its going concern status.
What the accounts disclose
“The Trustees consider that free reserves amounting to six month's operating costs is sensible and advisable” — page 4
Trustees
- Ovidiu Severian Semereanchair
- Marius Mirel Grumazescu Mr
- Mihai Teleaga
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £186k | £28k |
| 31/12/2023 | £121k | £21k |
| 31/12/2022 | £89k | £9k |
| 31/12/2021 | £114k | £16k |
Common questions
Is SAINT CALINIC FROM CERNICA financially healthy?
The accounts state that unrestricted funds increased to £277,865.53 by the end of the period, with the Trustees considering this level prudent against a policy target of six months' operating costs. The charity reported a net surplus for the year and maintains sufficient resources to continue operations, with no material uncertainties disclosed regarding its going concern status. Its FY2023 accounts were independently examined.
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