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

BLACK BRITISH INITIATIVE

Registered charity 1198015 · accounts filings on the Charity Commission register

Black British Initiative, believes, racial injustice is a societal wide issue, only eradicated with the support of all races, genders and age groups. To deliver its mission, in partnership with the Stephen Lawrence Day Foundation, BBI has devised MBA 30, as short business course designed to boost prospects for 30 underserved Black Entrepreneurs, also commemorating Stephen's 30th anniversary.

Causes: Education/training · Arts/culture/heritage/science · Human Rights/religious Or Racial Harmony/equality Or Diversity · website · Get email alerts

Latest income
£64k
Latest spending
£176k
Registered
2022
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that the charity reported a net expenditure of £112,128 for the year, resulting in a decrease in total net assets from £199,170 to £87,042. The trustees consider the financial position to be sound and sustainable, noting that unrestricted reserves of £31,005 provide a reasonable cushion for operational needs. The charity maintains a reserves policy target of three to four months of expenditure, and the current level of reserves is stated to be five months.

Automated summary of the FY2024 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Reserves policy: three to four months (held: £31k)
“we aim to maintain at least three to four months reserves and currently adhere to this policy.”
Per its FY2024 accounts as filed with the Charity Commission.

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

Trustees · trustee networks

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

Operates in: Throughout England And Wales

Income and spending

Financial year endIncomeSpending
31/12/2024£64k£176k
31/12/2023£415k£216k
31/12/2022£0£0

Common questions

Is BLACK BRITISH INITIATIVE financially healthy?

Per its FY2024 accounts: The accounts state that the charity reported a net expenditure of £112,128 for the year, resulting in a decrease in total net assets from £199,170 to £87,042. The trustees consider the financial position to be sound and sustainable, noting that unrestricted reserves of £31,005 provide a reasonable cushion for operational needs. The charity maintains a reserves policy target of three to four months of expenditure, and the current level of reserves is stated to be five months. Its FY2024 accounts were independently examined.