GENESYS LEGACY PROJECT LTD
Latest income
£231k
Latest spending
£716k
Registered
2023
Accounts read
FY2025
Financial health, per its FY2025 accounts
The accounts state that unrestricted reserves stood at £810,038, a decrease from the previous year's £1,294,984, driven by charitable donations exceeding incoming resources. Per the trustees' report, the charity relies on funding from GeneSys Biotech Ltd, a related party, to meet its liabilities and commitments.
What the accounts disclose
Related-party transaction: Donations received from GeneSys Biotech Ltd, a company in which the trustees are directors.
“During the year, the charity received donations totalling £200,000 (2024: £500,000) from GeneSys Biotech Ltd, a company in which the trustees are also directors.” — page 5
Per its FY2025 accounts as filed with the Charity Commission.
Structured financials (annual return, FY ending 31/03/2024)
Total income
£503k
Total spending
£602k
Reserves (reported)
£0
Employees
0
Trustees
- Duncan Roy Clarkchair
- Dr NICHOLAS RICHARD MORANT
- Dr SARAH LOUISE DUGDALE
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £231k | £716k |
| 31/03/2024 | £503k | £602k |
Common questions
Is GENESYS LEGACY PROJECT LTD financially healthy?
The accounts state that unrestricted reserves stood at £810,038, a decrease from the previous year's £1,294,984, driven by charitable donations exceeding incoming resources. Per the trustees' report, the charity relies on funding from GeneSys Biotech Ltd, a related party, to meet its liabilities and commitments. Its FY2025 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE GENERATIONAL FOUNDATION | 1 | £500k |