THE COVENTRY FREEMEN'S CHARITY
Latest income
£1.2m
Latest spending
£1.1m
Registered
1978
Accounts read
FY2022
Financial health, per its FY2022 accounts
The accounts state that unrestricted reserves of £1,415,932 are in accordance with the charity's policy target of equating to at least one year's expenditure. The trustees report that the charity has a deficit of £35,929 for the year but confirms that resources are adequate to continue as a going concern.
What the accounts disclose
Reserves policy: at least one year's expenditure but not more than two (held: £1.4m)
“It is intended that the level of unrestricted funds represented by accumulated surpluses are to equate to at least one year's expenditure but not more than two.” — page 5
Per its FY2022 accounts as filed with the Charity Commission.
Structured financials (annual return, FY ending 31/12/2024)
Total income
£1.2m
Total spending
£1.1m
Cost of raising funds
£5k
Reserves (reported)
£2.0m
Employees
0
Trustees
- John Wilkinsonchair
- DAVID BULLMAN
- DAVID MANDER
- GEORGE WILKINSON
- MICHAEL RAWSON
- MR DAVID HANDFORD
- Peter Gordon Rosier
- Raj Bansal
- Steven John Rawson
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £1.2m | £1.1m |
| 31/12/2023 | £1.2m | £897k |
| 31/12/2022 | £973k | £871k |
| 31/12/2021 | £934k | £771k |
| 31/12/2020 | £913k | £1.1m |
Common questions
Is THE COVENTRY FREEMEN'S CHARITY financially healthy?
The accounts state that unrestricted reserves of £1,415,932 are in accordance with the charity's policy target of equating to at least one year's expenditure. The trustees report that the charity has a deficit of £35,929 for the year but confirms that resources are adequate to continue as a going concern. Its FY2022 accounts were audited by Dafferns LLP.