THE CRESSY FOUNDATION
Awarding scholarships exhibitions endowments or grants or maintenance allowances tenable at the Prebendal School Chichester and making grants to Western Orchestral Society Ltd and Western Orchestral Foundation Charity.
Financial health, per its FY2025 accounts
The accounts state that the charity held free reserves of £149 at the end of the reporting period, a decrease from £941 in the previous year. The trustees maintain a policy of holding free reserves to cover future needs, contingencies, and risks, with no funds reported in deficit.
What the accounts disclose
“The Trustees pursue a policy of maintaining a free reserve available to be spent in the furtherance of the charity’s objectives as well as covering future needs, opportunities, contingencies and risks.”
“Ludlow Trust Company Ltd was paid £2,197 (2024: £2,178) for trust administration and cash management fees during the year under review. These fees are authorised under clause 7 of the trust deed.”
Trustees
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 17/12/2025 | £31k | £32k |
| 17/12/2024 | £62k | £64k |
| 17/12/2023 | £4k | £52k |
| 17/12/2022 | £12k | £15k |
| 17/12/2021 | £3k | £5k |
Common questions
Is THE CRESSY FOUNDATION financially healthy?
Per its FY2025 accounts: The accounts state that the charity held free reserves of £149 at the end of the reporting period, a decrease from £941 in the previous year. The trustees maintain a policy of holding free reserves to cover future needs, contingencies, and risks, with no funds reported in deficit. Its FY2025 accounts were independently examined.