THE TAOIST TAI CHI SOCIETY OF GREAT BRITAIN
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net expenditure of £264,838 for the year, resulting in a significant decrease in total funds from £738,524 to £473,686. Free reserves dropped sharply to £37,347, which is below the trustees' stated policy target of three months of outgoings. Despite this reduction, the trustees maintain that the charity has adequate resources to continue operating for the foreseeable future.
What the accounts disclose
“the TTCS GB aims to have an approximate minimum of three months outgoings in free reserve, to cover operating costs.” — page 7
Corporate structure
- Registered company of the charity Companies House 02601222
Structured financials (annual return, FY ending 31/12/2022)
Trustees
- Derek Hartley
- Kenneth James MacLachlan
- PETER JAMES JONES
- PHILOMENA PRETSELL
- Sandra Calvert
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £227k | £492k |
| 31/12/2023 | £254k | £698k |
| 31/12/2022 | £510k | £363k |
| 31/12/2021 | £252k | £702k |
| 31/12/2020 | £691k | £418k |
Common questions
Is THE TAOIST TAI CHI SOCIETY OF GREAT BRITAIN financially healthy?
The accounts state that the charity reported a net expenditure of £264,838 for the year, resulting in a significant decrease in total funds from £738,524 to £473,686. Free reserves dropped sharply to £37,347, which is below the trustees' stated policy target of three months of outgoings. Despite this reduction, the trustees maintain that the charity has adequate resources to continue operating for the foreseeable future. Its FY2024 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 |
| STARLOW CHARITIES LIMITED | 1 | £70k |
| YESHIVAS LUBAVITCH MANCHESTER | 1 | £20k |
| PARKLAKE CHARITY TRUST | 1 | £2k |