Close the Gap (SCIO)
Latest income
£399k
Latest spending
£421k
Accounts read
FY2025
Financial health, per FY2025 accounts
The accounts state that the charity reported a deficit of £21,750 for the year ended 31 March 2025, with total income of £398,790 against total expenditure of £420,540. Per the trustees' report, free reserves stood at £146,210, which is above the stated policy target of three months of core running costs (approximately £60,000). The trustees anticipate that reserves will reduce in the next financial year as planned charitable activity is taken forward.
What the accounts disclose
Highest-paid employee band: £60,001 - £70,000
“Excluding employer pension costs, one staff member earned between £60,000 and £70,000 (2024: one staff member earned between £60,000 and £70,000).” — page 20
Per FY2025 accounts as filed with OSCR.