What is the financial size of Carefreespace?

Carefreespace is classified as a medium charity. In the latest financial year, they reported a total income of £842,271 and total expenditure of £684,021.

How does Carefreespace allocate its spending?

For every pound spent, approximately 95.5% goes directly to charitable activities. The remaining 4.5% is spent on raising funds and administration. This is lower than the median for similar-sized charities (98.5%).

What is the workforce structure of Carefreespace?

Carefreespace employs 8 staff members and is supported by 4 volunteers.

Does Carefreespace receive government funding?

To a small extent. Approximately 3.5% of their income comes from government grants or contracts.

Does Carefreespace pay its trustees?

No, the latest data indicates that trustees do not receive payments or personal benefits from the charity.

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Carefreespace

#1176459

Charitable company•Medium•Registered

www.carefreespace.org

Carefree harnesses the power of technology and the spirit of the shared society to support and sustainunpaid carers, the invisible workforce without which our social care system could not survive. In partnershipwith the hospitality industry and third sector organisations we are tackling one of the greatest socialchallenges of our time.

Registered address

Carefreespace, The Finsbury Business Centre Ltd, 40 Bowling Green Lane, LONDON, EC1R 0NE

Latest HighlightsFY 2024

Income

All sources

£842,271

Expenditure

All activities

£684,021

Net Reserves

Unrestricted funds

£0

Total Assets

Gross assets

£302,652

Working Capital

Liquidity

£169,998

Benchmark Performance

Comparing against 42,435 similar medium charities

Compare vs:

Reserve Runway

0.0 months

Median: 4.3 monthsBelow typical

Income Growth (1yr)

N/A

Median: 1.4%Unknown

Spending Efficiency

95.5%

Median: 98.5%Around typical

Income Concentration

54.4%

Median: 86.5%Top quartile

Fundraising ROI

27.5x

Median: 22.7xAround typical

Income Volatility

N/A

Median: 17.9%Unknown

Self-Generated Income

25.7%

Median: 41.9%Around typical

3-Year Income CAGR

N/A

Median: 1.6%Unknown

Efficiency & Health

Charitable Spending

95.5%

Fundraising Eff.

% income retained

27.5%

Governance Cost

% of expenditure

2.1%

Grant Making

% given away

Debt Ratio

% of assets

128.1%

Survival Ratio

Months of reserves

0 months

Income Profile

Donations & Legacies

% of income

70.6%

Government Reliance

% of income

3.5%

Largest Source

Primary income

Donations & Legacies

Diversification

HHI: 5436

Highly Concentrated

Trends

Income Growth (1yr)

Year over Year

N/A

Income CAGR (3yr)

Compound growth

N/A

Volatility

Stable

N/A

Reserves Trend

Direction

Depleting

Governance

Employees

Staff count

Volunteers

Volunteer count

Volunteer Ratio

Per staff member

0.5:1

Revenue/Employee

Per head

£105,284

Trustee Benefits

Payments to trustees

High Earners

Earning over £60k

25%

Source: Charity Commission annual returns. Figures may differ from published accounts. Always verify with official charity filings for due diligence.

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