THE CENTRE FOR FINANCIAL CAPABILITY
Financial health, per its FY2024 accounts
The accounts state that the charity incurred a net deficit of £190 for the year, resulting in total funds being in deficit by that amount. The trustees have decided to close the charity as its objectives were achieved, with remaining assets transferred to TISA to administer the orderly closure. The charity relies on voluntary corporate donations, a source of income described as uncertain in the risk management section.
What the accounts disclose
“The previous Reserves Policy to maintain three months operating expenditure has been observed through to the end of the accounting period, after which the decision had been made to close the charity down as its objectives had been achieved, and therefore it was agreed that the residual monies would be used to a) fulfil obligations to funders and b) cover all residual costs incurred to close the business.” — page 5
“TCFC made payment to Treo ESG Limited of £43,200 (2023: £35,200) as compensation for the secondment of Mr S Perry to the role of Acting Director of TCFC. Mr S Perry is a company director of Treo ESG Limited.” — page 13
Trustees
- JANE GOODLANDchair
- Carol Knight
- Dr Marcel Lukas
- Louise Hill
- Tammie Tang
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 30/11/2024 | £162k | £217k |
| 30/11/2023 | £259k | £205k |
| 30/11/2022 | £0 | £0 |
| 30/11/2021 | £0 | £0 |
Common questions
Is THE CENTRE FOR FINANCIAL CAPABILITY financially healthy?
The accounts state that the charity incurred a net deficit of £190 for the year, resulting in total funds being in deficit by that amount. The trustees have decided to close the charity as its objectives were achieved, with remaining assets transferred to TISA to administer the orderly closure. The charity relies on voluntary corporate donations, a source of income described as uncertain in the risk management section. Its FY2024 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE COLES-MEDLOCK FOUNDATION | 2 | £40k |
| FRIENDS OF WIZNITZ LIMITED | 1 | £335k |
| SF FOUNDATION | 1 | £209k |
| GILMOOR BENEVOLENT FUND LIMITED | 1 | £154k |
| CMZ LTD | 1 | £137k |
| NES FOUNDATION LTD | 1 | £112k |
| MERCAZ TORAH VECHESED LIMITED | 1 | £104k |
| H C D MEMORIAL FUND | 1 | £90k |