PADWA CHARITABLE FOUNDATION
The aims of the foundation are the relief of poverty and the effects of disability and other charitable purposes beneficial to the community. The Trustees often seek to make donations directly to those in need of support, either as individuals or small charities where the benefit can be directly received.
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
- Debtors include £1,000,000 owed by group undertakings.
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?
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. Its FY2024 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE PA FOUNDATION | 1 | £57k |
| THE PERMIRA FOUNDATION | 1 | £53k |
Charities like this
- PROWTING CHARITABLE FOUNDATION
- THE PA FOUNDATION
- THE POINT FOUNDATION
- THE BADUR FOUNDATION
- PS FOUNDATION
- PARRY FAMILY CHARITABLE FOUNDATION
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| PADWA CHARITABLE FOUNDATION | £244k | — | 0 | unclear | — | no doubt |
| PROWTING CHARITABLE FOUNDATION | £140k | — | 0 | unclear | — | no doubt |
| THE PA FOUNDATION | £2.0m | — | 0 | unclear | — | no doubt |
| THE POINT FOUNDATION | £102k | — | 0 | unclear | — | no doubt |
| THE BADUR FOUNDATION | £2.6m | more than £60,000 | 1 | above | — | no doubt |
| PS FOUNDATION | £560k | — | 0 | unclear | — | no doubt |