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

71BLUE

Registered charity 1206139 · accounts filings on the Charity Commission register

Latest income
£965k
Latest spending
£49k
Registered
2023
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that the charity holds unrestricted reserves of £915,785, which significantly exceed its stated policy target of £150,000 to £200,000. Per the trustees' report, the charity has no pension liabilities, no employees, and incurred total expenditure of only £49,243 against income of £965,028, resulting in a substantial surplus.

What the accounts disclose

Reserves policy: six to twelve months of operational costs, equivalent to a range of £150,000 to £200,000 (held: £916k)
“Unrestricted reserves are set to cover between six to twelve months of operational costs, equivalent to a range of £150,000 to £200,000.” — page 6
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Trustees donated £40,058
“During the period, the charity received £40,058 in donations from the trustees without any conditions attached.” — page 15
Per its FY2024 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit).

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

Total income
£965k
Total spending
£49k
Reserves (reported)
£916k
Employees
0

Reported reserves equal ~223.2 months of spending — in the top quarter for charities its size (median 5.2 months; benchmarks).

Trustees

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

Operates in: Argentina · Italy · Maldives · South Africa · Throughout England And Wales

Income and spending

Financial year endIncomeSpending
31/12/2024£965k£49k

Common questions

Is 71BLUE financially healthy?

The accounts state that the charity holds unrestricted reserves of £915,785, which significantly exceed its stated policy target of £150,000 to £200,000. Per the trustees' report, the charity has no pension liabilities, no employees, and incurred total expenditure of only £49,243 against income of £965,028, resulting in a substantial surplus. Its FY2024 accounts were independently examined.

Funders of similar charities

Funders whose accounts show grants to charities similar to this one (and no recorded grant to this charity) — a starting list for fundraisers.

FunderSimilar charities fundedAmount to them
THE JD FOUNDATION1£561k

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