FABRIC Charitable Incorporated Organisation
Financial health, per its FY2024 accounts
The accounts state that total incoming resources were £2,702,301 against total resources expended of £2,533,617, resulting in a net surplus for the year. The charity holds unrestricted reserves of £390,492, which exceeds its stated specific stability reserve policy target of £250,000. The trustees confirm that the charity has significant cash balances and reserves sufficient to absorb short-term deficits and will continue to operate for at least 12 months.
What the accounts disclose
“One employee received emoluments of more than £60,000.” — page 21
“One employee received emoluments of more than £60,000.” — page 21
“This ‘specific stability reserve’ is currently set at £250,000.”
“At the forming of FABRIC, ‘donations’ of £2,352,260 from DanceXchange and Dance4 were transferred to form the opening balance of the new charity. These donations were made up of restricted, designated and unrestricted reserves held by DanceXchange and Dance4 at the point of the merger, to support ongoing development and activity.” — page 8
Structured financials (annual return, FY ending 31/03/2025)
Trustees
- Ann-Marie Pugh
- Dr Farai Pfende
- Eva Martinez
- John Houlden
- Peter Shenton
- Richard Alan Woods
- Shirley Lundstram
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £3.1m | £2.9m |
| 31/03/2024 | £2.7m | £2.5m |
| 31/03/2023 | £3.6m | £1.5m |
| 08/08/2022 | £0 | £0 |
Common questions
Is FABRIC Charitable Incorporated Organisation financially healthy?
The accounts state that total incoming resources were £2,702,301 against total resources expended of £2,533,617, resulting in a net surplus for the year. The charity holds unrestricted reserves of £390,492, which exceeds its stated specific stability reserve policy target of £250,000. The trustees confirm that the charity has significant cash balances and reserves sufficient to absorb short-term deficits and will continue to operate for at least 12 months. Its FY2024 accounts were audited by PWH Accountancy Limited.
What does the highest-paid employee of FABRIC Charitable Incorporated Organisation earn?
Per its FY2024 accounts, the highest-paid employee was in the £60,001 - £60,000 band, and 1 employees earned over £60,000.