FEED THE NEED COALVILLE
We provide food and other essentials to people in need in Coalville and surrounding villages in North West Leicestershire. We provide support, advice and information to help people in need to access the help they need to improve their material circumstances.
Financial health, per its FY2024 accounts
The accounts state that the charity held unrestricted reserves of £44,386.38 at the end of the period, which exceeds its stated policy target of keeping six months' worth of rent (£3,000) in reserve. The financial report confirms that total income of £75,063.92 covered total expenditure of £47,003.54, resulting in a positive closing balance with no material uncertainties regarding its continuation as a going concern.
What the accounts disclose
“We aim to keep 6 months’ worth of rent in reserve as we are in a 5 year lease. 6 months gives us enough time to look for more funding. £3,000”
Trustees
- Carmel Brigid Mary O'Brien
- Karen Jane Kowalski
- Lauren Walker
- Marina Brooks
- SARAH JAYNE HOLEY
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £75k | £47k |
| 31/12/2023 | £27k | £33k |
| 31/12/2022 | £37k | £34k |
| 31/12/2021 | £20k | £13k |
Common questions
Is FEED THE NEED COALVILLE financially healthy?
Per its FY2024 accounts: The accounts state that the charity held unrestricted reserves of £44,386.38 at the end of the period, which exceeds its stated policy target of keeping six months' worth of rent (£3,000) in reserve. The financial report confirms that total income of £75,063.92 covered total expenditure of £47,003.54, resulting in a positive closing balance with no material uncertainties regarding its continuation as a going concern. Its FY2024 accounts were independently examined.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Community Fund | 19/01/2024 | £20k | Feed the Need Coalville |
| The National Lottery Community Fund | 11/11/2022 | £10k | Feed The Need Coalville |