FOCUS FOUNDATION
Financial health, per its FY2024 accounts
The accounts state that the charity had total incoming resources of £350,905 and total resources expended of £351,371, resulting in a slight deficit for the year. Per the trustees' report, the charity's running costs are fully funded by Focus Group, and it maintains unrestricted reserves of £113,934, which the trustees consider sufficient to cover three months of unrestricted charitable expenditure.
What the accounts disclose
“The trustees aim to maintain free reserves in unrestricted funds at a level which equates to approximately three months unrestricted charitable expenditure.” — page 7
Trustees
- CHRISTOPHER DAVID GOODMAN
- David Anthony Hill
- ELAINE RACHAEL MAY GOODMAN
- EMMA CAROLINE STROUDE
- Lloyd Alexander Magee
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 30/11/2024 | £351k | £351k |
| 30/11/2023 | £297k | £384k |
| 30/11/2022 | £243k | £92k |
| 30/11/2021 | £53k | £2k |
Common questions
Is FOCUS FOUNDATION financially healthy?
The accounts state that the charity had total incoming resources of £350,905 and total resources expended of £351,371, resulting in a slight deficit for the year. Per the trustees' report, the charity's running costs are fully funded by Focus Group, and it maintains unrestricted reserves of £113,934, which the trustees consider sufficient to cover three months of unrestricted charitable expenditure. Its FY2024 accounts were independently examined.