OUR FREE MINDS CIO
Our Free Minds CIO builds and maintains project based learning communities for young people in South West England, providing an opportunity to develop skills, practice citizenship and socialise.
Financial health, per its FY2025 accounts
The charity reported a net income increase of £10,844, bringing total funds to £22,168, with unrestricted reserves standing at £19,663. The trustees maintain a reserves policy target of three to six months' expenditure, noting that current unrestricted funds are held in the current account to maintain flexibility while the charity grows. The accounts state there are no funds materially in deficit and confirm the charity is a going concern.
What the accounts disclose
“It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure.” — page 21
Trustees
- Katherine Margaret Kotting BA, MScchair
- Clea Sambrook
- Poppy Louise De Witt
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 25/01/2025 | £47k | £36k |
| 25/01/2024 | £60k | £49k |
Common questions
Is OUR FREE MINDS CIO financially healthy?
Per its FY2025 accounts: The charity reported a net income increase of £10,844, bringing total funds to £22,168, with unrestricted reserves standing at £19,663. The trustees maintain a reserves policy target of three to six months' expenditure, noting that current unrestricted funds are held in the current account to maintain flexibility while the charity grows. The accounts state there are no funds materially in deficit and confirm the charity is a going concern. Its FY2025 accounts were independently examined.