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DRIVE

Registered charity 703002 · accounts filings on the Charity Commission register · also known as THE TAFF ELY AND AREA SUPPORT GROUP FOR PEOPLE WITH A MENTAL HANDICAP ALSO (KNOWN AS DRIVE)

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Latest income
£25.2m
Latest spending
£24.8m
Registered
1990
Accounts read
FY2025

Financial health, per its FY2025 accounts

The accounts state that the charity achieved a net surplus of £313,928 for the year ended 31 March 2025, with unrestricted funds increasing to £5,682,291. Per the trustees' report, free reserves of £3,885,496 exceeded the stated target of £2,823,707, indicating strong financial resilience despite sector-wide funding pressures.

What the accounts disclose

Reserves policy: Free Reserves target of £2,823,707 (held: £3.9m)
“Based on these calculations, the Trustees set a Free Reserves target for the year to 31 March 2025 of £2,823,707 (2024: £2,807,115). The actual free reserves of £3,885,496 have exceed this target.” — page 13
Per its FY2025 accounts as filed with the Charity Commission.

Accounts audited by Menzies LLP. Discloses 4 of 6 completeness components.

Structured financials (annual return, FY ending 31/03/2025)

Total income
£25.2m
Total spending
£24.8m
Reserves (reported)
£3.9m
Employees
708

Reported reserves equal ~1.9 months of spending — below the median for charities its size (median 4.6 months; benchmarks).

Trustees

Trustee list from the Charity Commission register (current, not historical).

Operates in: Bridgend · Merthyr Tydfil · Monmouthshire · Neath Port Talbot · Rhondda Cynon Taff

Income and spending

Financial year endIncomeSpending
31/03/2025£25.2m£24.8m
31/03/2024£24.2m£23.6m
31/03/2023£22.1m£21.9m
31/03/2022£19.6m£19.5m
31/03/2021£18.5m£18.3m

Common questions

Is DRIVE financially healthy?

The accounts state that the charity achieved a net surplus of £313,928 for the year ended 31 March 2025, with unrestricted funds increasing to £5,682,291. Per the trustees' report, free reserves of £3,885,496 exceeded the stated target of £2,823,707, indicating strong financial resilience despite sector-wide funding pressures. Its FY2025 accounts were audited by Menzies LLP.