PAYNE GALLWEY 1989 CHARITABLE TRUST
Financial health, per its FY2023 accounts
The accounts state that unrestricted reserves stood at £8,361,877 at the end of the year, a decrease from £9,016,741 the previous year, driven by a net expenditure of £654,864 which included significant investment losses. The trustees report that the market value of listed investments exceeded £9 million, which far exceeds projected donations, and confirm that the charity has sufficient resources to continue as a going concern.
What the accounts disclose
“The Trustees’ policy on reserves is to spend dividend income and to ensure reserves are sufficient to facilitate a stable donation policy” — page 6
“Expenses of £324 (2022: £568) were reimbursed to trustees for meeting expenses incurred in the year.” — page 15
Trustees
- CAROLINE TODHUNTER
- Charles Leigh-Pemberton
- EDWARD LEIGH-PEMBERTON
- MISS E L NUTT
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 05/04/2025 | £183k | £239k |
| 05/04/2024 | £182k | £306k |
| 05/04/2023 | £191k | £316k |
| 05/04/2022 | £174k | £316k |
| 05/04/2021 | £186k | £301k |
Common questions
Is PAYNE GALLWEY 1989 CHARITABLE TRUST financially healthy?
The accounts state that unrestricted reserves stood at £8,361,877 at the end of the year, a decrease from £9,016,741 the previous year, driven by a net expenditure of £654,864 which included significant investment losses. The trustees report that the market value of listed investments exceeded £9 million, which far exceeds projected donations, and confirm that the charity has sufficient resources to continue as a going concern. Its FY2023 accounts were audited by Brewers.