The Cedar Foundation
Latest income
£26.5m
Latest spending
—
Accounts read
FY2025
Financial health, per FY2025 accounts
The accounts state that unrestricted funds total £13,166,664, with a net movement in funds of £506,171 for the year. The Trustees report a liquidity-based reserves strategy aiming to hold six months of salary costs, noting the Risk Reserve currently sits at 5.5 months. The organization confirms no material uncertainties regarding its ability to continue as a going concern.
What the accounts disclose
Highest-paid employee band: £150,001 - £160,000
“In the band £150,001 - £160,000 1 -” — page 8
Per FY2025 accounts as filed with CCNI.
Related-party transaction: IT software subscription and support services costs totalling £109,952 paid to Aspirico UK Limited, for which trustee Mr Clive Evans is an employee.
“During the year ended 31 March 2025 the Cedar Foundation paid IT software subscription and support services costs totalling £109,952 (2024: £102,469) to Aspirico UK Limited (iplanit), an IT software company for which trustee Mr Clive Evans is an employee.” — page 15
Per FY2025 accounts as filed with CCNI.
Related-party transaction: £38,202 paid to Abbeyfield and Wesley Housing Association for rent, for which a Cedar Board member is a volunteer.
“During the year ended 31 March 2025 the Cedar Foundation paid IT software subscription and support services costs totalling £109,952 (2024: £102,469) to Aspirico UK Limited (iplanit), an IT software company for which trustee Mr Clive Evans is an employee.” — page 15
Per FY2025 accounts as filed with CCNI.
Related-party transaction: £9,743 and £9,370 paid to Confederation of Community Groups and its Newry & District branch for rent and rates, where the Director of People is a board member.
“During the year ended 31 March 2025 the Cedar Foundation paid IT software subscription and support services costs totalling £109,952 (2024: £102,469) to Aspirico UK Limited (iplanit), an IT software company for which trustee Mr Clive Evans is an employee.” — page 15
Per FY2025 accounts as filed with CCNI.
Related-party transaction: £810 paid to Volunteer Now Enterprise Ltd for training, where the Head of Service is a board member.
“During the year ended 31 March 2025 the Cedar Foundation paid IT software subscription and support services costs totalling £109,952 (2024: £102,469) to Aspirico UK Limited (iplanit), an IT software company for which trustee Mr Clive Evans is an employee.” — page 15
Per FY2025 accounts as filed with CCNI.
Reserves policy: six months of salary costs (held: £13.2m)
“The Trustees recognise that the long-term strategic goal of Cedar is to ensure that there is the equivalent value of 6 months’ salary costs held in reserves” — page 13
Per FY2025 accounts as filed with CCNI.
Largest income source: Charitable activities
“Charitable activities 3 2,709,674 20,030,746 22,740,420 19,679,335” — page 1
Per FY2025 accounts as filed with CCNI.