Each year we publish a review of our finances along with reports on how we spent the donations that we have been trusted with. Here is a short summary. For the full accounts, you can check out our Annual Report.
Summary
2024 was a challenging year due to internal and external factors. Fundraising difficulties for our Russian partner organisations, along with a growing number of retired and lapsed donors, significantly affected our income. Despite this, we fully funded our approved projects in Russia and increased support for our Moldovan and Georgian partners. The charity closed the year with a deficit of £41,061 (2023: £36,558 surplus). After asset reevaluation, the net movement of funds was £2,356 (2023: £43,778).
Key highlights from 2024:
- Total income: £116,424
- Donations and legacies: 65% of income
- Investment returns: £17,165
- Total expenditure: £157,485
- Charitable project costs: £99,534
Despite the income decline, grants to Russia
were sent throughout the year in a fully vetted, Charity Commission-approved manner, with minimal impact on our reputation. Thank you to everyone who made our work possible. Your regular giving enables us to continue delivering life-changing support to families in Georgia, Moldova, and Russia. Every £ counts — please continue to support St Gregory’s Foundation!
Jyoti Tandel and Julia Ashmore