71BLUE
Grant Giving
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
“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
“During the period, the charity received £40,058 in donations from the trustees without any conditions attached.” — page 15
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- Paola Rigamontichair
- Chiara Fortunato
- Domenico Iuliano
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £965k | £49k |
Common questions
Is 71BLUE financially healthy?
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. Its FY2024 accounts were independently examined.
Who funds 71BLUE?
Funders whose own accounts filings name 71BLUE as a grant recipient include PRISM THE GIFT FUND.
Known funders
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| PRISM THE GIFT FUND | FY2024 | £825k | Environment and Animal Welfare |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE JD FOUNDATION | 1 | £561k |
| COUNTYPIER LIMITED | 1 | £116k |
| NORTHUMBERLAND NATIONAL PARK FOUNDATION | 1 | £40k |
| REIFER MEMORIAL LIMITED | 1 | £20k |
Charities like this
- THE BLAIR TRUST FUND
- 1692
- PUBLISH WHAT YOU FUND
- SAVE ONE LIFE
- ASSOCIATION FOR INFORMATION TECHNOLOGY TRUST
- THE BARBOUR FOUNDATION
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| 71BLUE | £965k | — | 0 | unclear | — | no doubt |
| THE BLAIR TRUST FUND | £187k | — | 0 | unclear | — | no doubt |
| 1692 | £462k | — | 0 | within | — | no doubt |
| PUBLISH WHAT YOU FUND | £781k | £80,001 - £90,000 | 1 | unclear | — | no doubt |
| SAVE ONE LIFE | £1.2m | — | 0 | unclear | — | no doubt |
| ASSOCIATION FOR INFORMATION TECHNOLOGY TRUST | £190k | — | 0 | unclear | — | no doubt |