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CV EUROPE

Registered charity 1198079 · accounts filings on the Charity Commission register

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Latest income
£3.8m
Latest spending
£3.9m
Registered
2022
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that the charity reported a deficit of £18,450 for the year ended 31 December 2024, resulting in a decrease in total funds to £125,364. The trustees confirm that the charity is a going concern, supported by a letter of support from its parent charity, Christian Vision, which intends to provide financial support for at least 12 months. The financial position is further underpinned by unrestricted reserves of £125,364, which exceed the trustees' stated minimum cash balance policy of £50,000.

What the accounts disclose

Employees paid over £60,000: 2
“During the year, 2 (2023: 2) employees received remuneration in excess of £60,000, including benefits in kind.” — page 23
Per its FY2024 accounts as filed with the Charity Commission.
Reserves policy: a minimum cash balance of £50,000 for cashflow purposes (held: £125k)
“The Trustees policy is to retain a minimum cash balance of £50,000 for cashflow purposes.” — page 10
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Remuneration paid to Oleg Matyukhov, who is both a Trustee and Regional Director.
“Oleg Matyukhov is the Regional Director for the Europe region, as well as a Trustee. He received an appropriate remuneration package for his work as Regional Director of £87,197 (2023: £78,822).” — page 23
“Two relatives of Lord and Lady Edmiston are employed by CV Europe and received total remuneration of £63,369 (2023: £48,765) and expenses of £992 (2023: £754).” — page 28
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Remuneration paid to two relatives of Lord and Lady Edmiston (Trustees of parent charity Christian Vision).
“Oleg Matyukhov is the Regional Director for the Europe region, as well as a Trustee. He received an appropriate remuneration package for his work as Regional Director of £87,197 (2023: £78,822).” — page 23
“Two relatives of Lord and Lady Edmiston are employed by CV Europe and received total remuneration of £63,369 (2023: £48,765) and expenses of £992 (2023: £754).” — page 28
Per its FY2024 accounts as filed with the Charity Commission.
Governance: Serious incident reported to Charity Commission regarding suspected fraud.
“This has been treated seriously and was reported as a serious incident to the Charity Commission, who were kept informed during the course of the investigation.” — page 10
Per its FY2024 accounts as filed with the Charity Commission.

Accounts audited by BDO LLP. Discloses 5 of 6 completeness components.

Structured financials (annual return, FY ending 31/12/2024)

Total income
£3.8m
Total spending
£3.9m
Reserves (reported)
£125k
Employees
26

Reported reserves equal ~0.4 months of spending — in the bottom quarter for charities its size (median 4.8 months; benchmarks).

Trustees

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

Operates in: Albania · Austria · Belgium · Denmark · Finland · France · Germany · Gibraltar · Greece · Guernsey · Iceland · Ireland

Income and spending

Financial year endIncomeSpending
31/12/2024£3.8m£3.9m
31/12/2023£2.5m£2.4m
31/12/2022£0£0

Common questions

Is CV EUROPE financially healthy?

The accounts state that the charity reported a deficit of £18,450 for the year ended 31 December 2024, resulting in a decrease in total funds to £125,364. The trustees confirm that the charity is a going concern, supported by a letter of support from its parent charity, Christian Vision, which intends to provide financial support for at least 12 months. The financial position is further underpinned by unrestricted reserves of £125,364, which exceed the trustees' stated minimum cash balance policy of £50,000. Its FY2024 accounts were audited by BDO LLP.