DISCOVERU
Discover U is a charity working to help people with barriers into employment. We believe that everybody who wants to should have the opportunity to work and we support them to do that with a wide range of programmes and opportunities. Our aim is to provide work related experience to adults with some level of learning disability or others similarly disadvantaged because of physical disability.
Financial health, per its FY2024 accounts
The accounts state that the charity incurred a net expenditure of £37,497 for the year, resulting in total funds decreasing from £135,375 to £97,878. The trustees note that reserves have fallen to approximately two months of expenses, below their policy target of three months, due to rising costs. They anticipate further significant increases in staffing and utility costs in the coming year.
What the accounts disclose
“At the year end the reserves of the charity were equal to around two months of expenses due to the rise in overall costs.”
Funders the charity credits
- Feast Uk
- Porter & Woodman
Register events
- Received assets from another charity (24/06/2022)
Trustees
- Steven Smithchair
- David Reynolds
- Kathleen Jenkins
- Stephen Mills
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £458k | £496k |
| 31/12/2023 | £445k | £439k |
| 31/12/2022 | £393k | £393k |
Common questions
Is DISCOVERU financially healthy?
Per its FY2024 accounts: The accounts state that the charity incurred a net expenditure of £37,497 for the year, resulting in total funds decreasing from £135,375 to £97,878. The trustees note that reserves have fallen to approximately two months of expenses, below their policy target of three months, due to rising costs. They anticipate further significant increases in staffing and utility costs in the coming year. Its FY2024 accounts were independently examined.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Community Fund | 28/07/2022 | £96k | Discover U 2 |