Charity Accounts Intelreading the accounts so you don’t have to

THE SOURCE, DERBY

Registered charity 1196401 · accounts filings on the Charity Commission register

The Source, Derby is a CIO for the public benefit and the advancement of the Christian faith in Derby and such other parts of the United Kingdom and the world as the Charity Trustees may from time to time decide. In order to fulfil its charitable purpose, The Source provides an Around the Table weekly meeting where members eat together, read the Bible, worship, pray and share communion.

Causes: General Charitable Purposes · Religious Activities · website · Get email alerts

Latest income
£36k
Latest spending
£17k
Registered
2021
Accounts read
FY2025

Financial health, per its FY2025 accounts

The accounts state that the charity held unrestricted reserves of £40,144 at the end of the period, representing a significant increase from the previous year due to increased donations and a backdated Gift Aid claim. The trustees report that the charity is financially sustainable and in good health, with a reserves policy that requires annual agreement on levels to mitigate income or expenditure variations.

Automated summary of the FY2025 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Reserves policy: The Trustees will agree annually on reserve levels, bearing in mind the consequences if reserves are significantly above or below the agreed levels. (held: £40k)
“The Trustees will agree annually on reserve levels, bearing in mind the consequences if reserves are significantly above or below the agreed levels.”
Per its FY2025 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit). Discloses 5 of 6 completeness components.

Public profiles (found on the charity’s own website): facebook · instagram

Trustees · trustee networks

Trustee list from the Charity Commission register (current, not historical).

Operates in: Derby City

Income and spending

Financial year endIncomeSpending
31/03/2025£36k£17k
31/03/2024£29k£16k
31/03/2023£13k£5k

Common questions

Is THE SOURCE, DERBY financially healthy?

Per its FY2025 accounts: The accounts state that the charity held unrestricted reserves of £40,144 at the end of the period, representing a significant increase from the previous year due to increased donations and a backdated Gift Aid claim. The trustees report that the charity is financially sustainable and in good health, with a reserves policy that requires annual agreement on levels to mitigate income or expenditure variations. Its FY2025 accounts were independently examined.