GLO Europe
Latest income
£1.3m
Latest spending
£1.4m
Accounts read
FY2025
Financial health, per FY2025 accounts
The accounts state that the charity reported a net expenditure deficit of £99,171 for the year ended 31 December 2024, resulting in a decrease in total funds to £886,204. Per the trustees' report, unrestricted general funds amounted to £274,481, which the Trustees considered appropriate against their policy target of approximately three months of unrestricted expenditure. The auditors confirmed that the use of the going concern basis of accounting was appropriate with no material uncertainties identified.
What the accounts disclose
Related-party transaction: A relative of a Trustee was employed as a part-time Kitchen Assistant.
“During the year a relative of a Trustee was employed as a part time Kitchen Assistant and received gross earnings of £8,259 (2023: £8,694) and pension contributions of £82 (2023: £nil).” — page 28
Per FY2025 accounts as filed with OSCR.
Related-party transaction: A relative of a Trustee was employed as a part-time Kitchen Assistant.
“During the year a relative of a Trustee was employed as a part time Kitchen Assistant and received gross earnings of £8,259 (2023: £8,694) and pension contributions of £82 (2023: £nil).” — page 28
Per FY2025 accounts as filed with OSCR.
Related-party transaction: Payments made to a charity in which a Trustee is a Trustee.
“During the year a relative of a Trustee was employed as a part time Kitchen Assistant and received gross earnings of £8,259 (2023: £8,694) and pension contributions of £82 (2023: £nil).” — page 28
Per FY2025 accounts as filed with OSCR.