THE EARLEY CHARITY
Latest income
£267k
Latest spending
£1.2m
Registered
1968
Accounts read
FY2024
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net expenditure of £903,928 for the year, driven by a significant increase in grant-making activities which rose to over £1 million. Despite this deficit, the charity holds unrestricted free reserves of £1,077,248, which exceeds its stated policy target of £500,000. The trustees consider the current level of reserves sufficient to cover future obligations and governance costs.
What the accounts disclose
Reserves policy: six months of unrestricted charitable expenditure (held: £1.1m)
“trustees have decided on an agreed level of unrestricted free reserves of £500,000, equating to around six months of unrestricted charitable expenditure.”
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Trustees R Ames and P Hooper are appointed to the Earley CResCent Community Association as a condition of a major grant award. The charity gave £121,000 to the association and paid £7,045 for rent and meeting room costs.
“The Earley Charity gave £121,000 (2023: £125,460) to the Earley CResCent Community Association. A further £7,045 (2023 £nil) was paid to Earley CResCent Community Association in respect of rent and meeting room costs.” — page 37
“During the year, The Earley Charity gave £121,000 (2023: £110,000) to the Weller Centre.” — page 37
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Trustees D Jenkins, D Sutton, and P Hooper are on the Weller Centre management or advisory boards as a condition of a major grant award. The charity gave £121,000 to the Weller Centre.
“The Earley Charity gave £121,000 (2023: £125,460) to the Earley CResCent Community Association. A further £7,045 (2023 £nil) was paid to Earley CResCent Community Association in respect of rent and meeting room costs.” — page 37
“During the year, The Earley Charity gave £121,000 (2023: £110,000) to the Weller Centre.” — page 37
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Trustee D Sutton is a member of Reading International Solidarity Centre (RISC). The charity gave £68,455 to RISC.
“The Earley Charity gave £121,000 (2023: £125,460) to the Earley CResCent Community Association. A further £7,045 (2023 £nil) was paid to Earley CResCent Community Association in respect of rent and meeting room costs.” — page 37
“During the year, The Earley Charity gave £121,000 (2023: £110,000) to the Weller Centre.” — page 37
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Trustee M Waite is a partner of Aspire2. The charity gave £15,000 to Aspire2.
“The Earley Charity gave £121,000 (2023: £125,460) to the Earley CResCent Community Association. A further £7,045 (2023 £nil) was paid to Earley CResCent Community Association in respect of rent and meeting room costs.” — page 37
“During the year, The Earley Charity gave £121,000 (2023: £110,000) to the Weller Centre.” — page 37
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Trustee E Terry has a spouse who is a trustee of Rockets Sport and Educational Foundation. The charity gave £14,838 to the foundation.
“The Earley Charity gave £121,000 (2023: £125,460) to the Earley CResCent Community Association. A further £7,045 (2023 £nil) was paid to Earley CResCent Community Association in respect of rent and meeting room costs.” — page 37
“During the year, The Earley Charity gave £121,000 (2023: £110,000) to the Weller Centre.” — page 37
Per its FY2024 accounts as filed with the Charity Commission.
Trustees
- ROBERT EDWARD AMESchair
- Dr DEBORAH GWENDOLINE JENKINS
- Dr David Christopher SUTTON
- Dr Richard John Cocks
- Elizabeth Ann Terry
- MARY CATHERINE WAITE
- PHILIP REGINALD HOOPER
- Tahir Maher
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £267k | £1.2m |
| 31/12/2023 | £247k | £137k |
| 31/12/2022 | £247k | £-542k |
| 31/12/2021 | £283k | £1.9m |
| 31/12/2020 | £262k | £755k |
Common questions
Is THE EARLEY CHARITY financially healthy?
The accounts state that the charity reported a net expenditure of £903,928 for the year, driven by a significant increase in grant-making activities which rose to over £1 million. Despite this deficit, the charity holds unrestricted free reserves of £1,077,248, which exceeds its stated policy target of £500,000. The trustees consider the current level of reserves sufficient to cover future obligations and governance costs. Its FY2024 accounts were audited by Vale & West Accountancy Services Limited.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| ARDINA LIMITED | 1 | £98k |
| STARLOW CHARITIES LIMITED | 1 | £70k |
| YESBE LIMITED | 1 | £68k |
| DONATING CHARITY LIMITED | 1 | £32k |
| REDEEMER CHURCH CHESTER LE STREET | 1 | £9k |
| BETTENHURST CHARITY LIMITED | 1 | £8k |