PADWA CHARITABLE FOUNDATION
Financial health, per its FY2024 accounts
The accounts state that the charity holds significant total funds of £9,986,678, primarily within an Endowment Fund of £10,000,502. However, the General Fund, which covers unrestricted activities, shows a deficit of £13,824. The Trustees are confident the charity can continue as a going concern because income from the endowment is expected to return unrestricted funds to a positive position.
What the accounts disclose
“It is the policy of the Trustees to disburse funds within a reasonable time of their being received. At present, the Foundation has no significant overheads and no ongoing commitments. Should these conditions change, a general funds reserves policy will be implemented.” — page 7
“The unquoted investment is Walpole Group Limited. This investment is held in the Endowment Fund in accordance with Mr M Padwa’s Will.” — page 17
Corporate structure
- Trading subsidiary: WALPOLE GROUP LIMITED Companies House 02452734
Trustees
- Jeremy Dennis Randallchair
- NEIL ANTHONY FULTON
- ROBERT EDWARD DRIVER
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 30/09/2025 | — | — |
| 30/09/2024 | £244k | £166k |
| 30/09/2023 | £244k | £166k |
| 30/09/2022 | £150k | £251k |
| 30/09/2021 | £70k | £72k |
Common questions
Is PADWA CHARITABLE FOUNDATION financially healthy?
The accounts state that the charity holds significant total funds of £9,986,678, primarily within an Endowment Fund of £10,000,502. However, the General Fund, which covers unrestricted activities, shows a deficit of £13,824. The Trustees are confident the charity can continue as a going concern because income from the endowment is expected to return unrestricted funds to a positive position. Its FY2024 accounts were independently examined.