BRUCE WAKE CHARITY
Financial health, per its FY2023 accounts
The accounts state that the charity reported a net expenditure of £737,642 for the year ended 5 April 2023, driven by charitable grant expenditure of £914,437 against investment income of £119,322. Per the trustees' report, unrestricted reserves stood at £6,746,042, which the trustees consider sufficient to meet grant requests and maintain long-term operations. The trustees confirmed adequate resources for the next 12 months, adopting the going concern basis without noting any material uncertainties.
What the accounts disclose
“It is not the policy of the charity to hold reserves committed or designated for specific purposes. The trustees look to retain sufficient cash reserves as they consider necessary to respond to requests for grants.” — page 4
Trustees
- John Graham Gilboy
- PENNY WAKE
- PETER KENNETH HEMS
- ROBERT ROWLEY
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 05/10/2025 | £179k | £6.5m |
| 05/04/2024 | £110k | £1.1m |
| 05/04/2023 | £119k | £959k |
| 05/04/2022 | £125k | £909k |
| 05/04/2021 | £130k | £753k |
Common questions
Is BRUCE WAKE CHARITY financially healthy?
The accounts state that the charity reported a net expenditure of £737,642 for the year ended 5 April 2023, driven by charitable grant expenditure of £914,437 against investment income of £119,322. Per the trustees' report, unrestricted reserves stood at £6,746,042, which the trustees consider sufficient to meet grant requests and maintain long-term operations. The trustees confirmed adequate resources for the next 12 months, adopting the going concern basis without noting any material uncertainties. Its FY2023 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| DEBMAR BENEVOLENT TRUST LIMITED | 1 | £190k |
| BEIS MENACHEM CHABAD LUBAVITCH | 1 | £102k |
| YESHIVAS LUBAVITCH MANCHESTER | 1 | £20k |