THE 1959 GROUP OF CHARITIES
Financial health, per its FY2024 accounts
The accounts state that the charity reported a surplus of £10,287 for the year ended 31 March 2024, with total income of £1,942,337 and total expenditure of £1,932,050. Per the trustees' report, unrestricted reserves stood at £27,293, which the trustees describe as being currently without reserves relative to their target. The trustees confirmed a reasonable expectation of continuing as a going concern for the next 12 months.
What the accounts disclose
“Our target is to build reserves equivalent to three months of operating expenditure within the next five years.” — page 7
Structured financials (annual return, FY ending 31/03/2025)
Trustees
- Lisa Templeton
- PATRICK RICHARD RENNELL CHAPMAN
- Peter Midgley
- Stephen James Mayhew
- Vanella Jackson
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £1.7m | £1.7m |
| 31/03/2024 | £1.9m | £1.9m |
| 31/03/2023 | £1.9m | £1.9m |
| 31/03/2022 | £38k | £112k |
| 31/03/2021 | £14k | £114k |
Common questions
Is THE 1959 GROUP OF CHARITIES financially healthy?
The accounts state that the charity reported a surplus of £10,287 for the year ended 31 March 2024, with total income of £1,942,337 and total expenditure of £1,932,050. Per the trustees' report, unrestricted reserves stood at £27,293, which the trustees describe as being currently without reserves relative to their target. The trustees confirmed a reasonable expectation of continuing as a going concern for the next 12 months. Its FY2024 accounts were audited by MHA.