Concordia (UK)
Latest income
£2.8m
Latest spending
£2.7m
Registered
1964
Accounts read
FY2023
Financial health, per its FY2023 accounts
The accounts state that the charity ended the year with a net deficit of £119,726, which was funded through financial reserves. The trustees report that the budgeted income and expenditure, combined with current reserves, are sufficient for the charity to continue as a going concern for at least twelve months.
What the accounts disclose
Reserves position: below the charity's own stated reserves policy
“Concordia's policy is to keep general reserves at 55-70% of anticipated annual expenditure and general reserves were slightly below the policy range at 54% (2022 - 64%) of anticipated annual expenditure).” — page 7
Per its FY2023 accounts as filed with the Charity Commission.
Related-party transaction: Stuart Piccaver is a director of J E Piccaver and Co. who were invoiced £59,739 (2022 - £65,491) during the year for the supply of Concordia seasonal workers.
“Stuart Piccaver is a director of J E Piccaver and Co. who were invoiced £59,739 (2022 - £65,491) during the year for the supply of Concordia seasonal workers.” — page 29
Per its FY2023 accounts as filed with the Charity Commission.
Leadership, per the charity’s website
- Jill Cochrane — Chief Executive Officer (Interim)
- Karen Goode — Operations Director
Structured financials (annual return, FY ending 31/12/2024)
Total income
£2.8m
Total spending
£2.7m
Reserves (reported)
£2.0m
Employees
24
Trustees
- Antonia Jane Bond
- DUNCAN ROSS JAMES
- Martin Tudge
- Michael James Brand
- Mitchell Thompson
- Mustafa Saruhan Ozturk
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £2.8m | £2.7m |
| 31/12/2023 | £2.6m | £2.7m |
| 31/12/2022 | £2.8m | £2.7m |
| 31/12/2021 | £3.2m | £2.8m |
| 31/12/2020 | £2.1m | £2.0m |
Common questions
Is Concordia (UK) financially healthy?
The accounts state that the charity ended the year with a net deficit of £119,726, which was funded through financial reserves. The trustees report that the budgeted income and expenditure, combined with current reserves, are sufficient for the charity to continue as a going concern for at least twelve months. Its FY2023 accounts were audited by Knill James LLP.