THE TEMPLATE FOUNDATION
Financial health, per its FY2023 accounts
The accounts state that the charity reported a net expenditure of £44,093 for the year, resulting in a decrease in total funds from £935,750 to £891,657. The trustees note that the charity's reserves are held against contingencies and that the sale of its facilities is expected to release significant funds, putting the charity in an excellent position to implement new strategic opportunities. However, the trustees also identify a risk that decreasing donations make the continued operation of current facilities no longer viable given the relatively low level of reserves.
What the accounts disclose
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- MICHELLE CHARLTON
- NICHOLAS WOODESON
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £1.6m | £279k |
| 31/12/2023 | £224k | £268k |
| 31/12/2022 | £209k | £226k |
| 31/12/2021 | £176k | £168k |
| 31/12/2020 | £184k | £169k |
Common questions
Is THE TEMPLATE FOUNDATION financially healthy?
The accounts state that the charity reported a net expenditure of £44,093 for the year, resulting in a decrease in total funds from £935,750 to £891,657. The trustees note that the charity's reserves are held against contingencies and that the sale of its facilities is expected to release significant funds, putting the charity in an excellent position to implement new strategic opportunities. However, the trustees also identify a risk that decreasing donations make the continued operation of current facilities no longer viable given the relatively low level of reserves. Its FY2023 accounts were independently examined.