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

2020 Levels

Registered charity 1198285 · accounts filings on the Charity Commission register · also known as LEVELS ENTERPRISES

2020 Levels empowers Black and other racially underrepresented young people through opportunities to maximise their potential

Causes: General Charitable Purposes · Education/training · website · Get email alerts

Latest income
£534k
Latest spending
£608k
Registered
2022
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that the charity ended the period with negative unrestricted reserves of -£29,615, a downturn from £65,363 in the prior year, due to timing differences and accrued expenses. Despite this, the trustees consider ongoing funds to be sound and maintain that the charity has adequate resources to continue in operation for the foreseeable future.

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

What the accounts disclose

Highest-paid employee band: £70,000 - £79,999 — above the median for charities its size (£60k)
“£70,000 to £79,999 1” — page 18
Per its FY2024 accounts as filed with the Charity Commission.
Employees paid over £60,000: 1
“One employee received employee benefits (excluding employer pension costs) for the reporting period of more than £60,000” — page 18
Per its FY2024 accounts as filed with the Charity Commission.
Reserves position: below the charity's own stated reserves policy (held: £-30k; policy: three months of unrestricted expenditure)
“Having not been achieved this year due to the nature and timing of the funds received” — page 7
Per its FY2024 accounts as filed with the Charity Commission.

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

Public fundraising profile: JustGiving — 2020 Levels (matched by registered charity number).

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

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

Total income
£534k
Total spending
£608k
Cost of raising funds
£8k
Reserves (reported)
£0
Employees
10

Reported reserves equal ~0.0 months of spending — in the bottom quarter for charities its size (median 5.2 months; benchmarks).

Per its annual return, largest income source: Donations and legacies (99% of income) — components as reported reconcile to the return’s total income; not from the accounts narrative.

Per its annual return, cost of raising funds: 1.5% of total income — below the median for charities its size (4.9%) (benchmarks).

Trustees · trustee networks

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

Operates in: Throughout London

Income and spending

Financial year endIncomeSpending
31/12/2024£534k£608k
31/12/2023£442k£451k
31/12/2022£160k£83k

Common questions

Is 2020 Levels financially healthy?

Per its FY2024 accounts: The accounts state that the charity ended the period with negative unrestricted reserves of -£29,615, a downturn from £65,363 in the prior year, due to timing differences and accrued expenses. Despite this, the trustees consider ongoing funds to be sound and maintain that the charity has adequate resources to continue in operation for the foreseeable future. Its FY2024 accounts were independently examined.

What does the highest-paid employee of 2020 Levels earn?

Per its FY2024 accounts, the highest-paid employee was in the £70,000 - £79,999 band, and 1 employees earned over £60,000.

Who funds 2020 Levels?

Funders whose own accounts filings name 2020 Levels as a grant recipient include THE MASTER CHARITABLE TRUST, THE JULIA RAUSING TRUST.

Known funders

Grants to this charity found in funders’ own accounts filings.

FunderYearAmountPurpose (as stated by the funder)
THE MASTER CHARITABLE TRUSTFY2024£350kThe prevention or relief of poverty
THE MASTER CHARITABLE TRUSTFY2025£260kAdvancement of amateur sport
THE JULIA RAUSING TRUSTFY2025£250kCore funding