Financial health
Strengths
- Five-year analysis shows consistent income growth, culminating in the strongest year yet in 2025.
- Expenditure remains well controlled, typically below income, resulting in retained operating surplus.
- The charity;
– continues to deliver stable annual surpluses, with substantial reserves – maintaining long-term sustainability.
– holds healthy usable reserves with strong capital stability, with no erosion of core operating assets.
– maintains healthy liquidity, with several million pounds available in short‑term assets.
Risks/Considerations
- High reliance on government contracts, which are subject to tender cycles.
- Rising expenditure, including increased staff costs continue to be monitored to protect future delivery.
Income and Expenditure
- Income continues to grow year-on-year, with a strong increase of c.10% from 2024 to 2025, reaching the charity’s highest recorded income over this period.
- Funding Mix (2025);
– Government contracts: £3.02m from 11 contracts.
– Primary purpose trading: £1.88m from 4 core income streams.
– Government grants: £15.5k from 1 grant.
– Trusts and Grants (restricted): £452.9k supporting various projects/activities.
– Other Donations & Legacies: £379.7k. - Expenditure also continues to rise, broadly in line with income, which helps maintain stability. FY 2025 shows the largest increase but still leaves a positive surplus.
- The charity continues to run responsible surpluses, except for a near breakeven in 2023. FY 2025 reflects a strong recovery, returning to a materially positive margin.
