FRIENDS OF GRAHAMSTOWN AND DISTRICT DEVELOPMENT
The objects of the charity are to promote the advancement of education, health, welfare and sporting development in Grahamstown and the surrounding region of the Eastern Cape, South Africa.
Objects
THE TRUSTEES SHALL HOLD THE TRUST FUND AND ITS INCOME UPON TRUST TO APPLY THEM FOR THE FOLLOWING OBJECTS IN GRAHAMSTOWN AND THE SURROUNDING REGION OF THE EASTERN CAPE, SOUTH AFRICA:-FOR THE BENEFIT OR FURTHERANCE OF CHARITABLE PURPOSES IN SUCH MANNER AS THE TRUSTEES, IN THEIR ABSOLUTE DISCRETION, FROM TIME TO TIME DETERMINE.
Financial health, per its FY2025 accounts
The accounts state that unrestricted cash reserves stood at £25,617 at the year end, a figure the trustees note is significantly higher than their target of approximately £7,000 due to a one-off project commitment. The trustees confirmed they have sufficient funds to meet liabilities as they fall due and operate with minimal reserves as payments are typically made just before the year end.
What the accounts disclose
“Trustees are endeavouring to build up its donor base with a view to having cash reserves equal to Scholarship fees committed, currently of c £7,000.” — page 7
Trustees
- Professor CHRISTOPHER BRUCE MEGONEchair
- ANNIE HALL
- CHARLOTTE ISOBEL Harvey
- CHRISTOPHER JOHN ILEY
- CHRISTOPHER JOHN LAW
- Constance Smith
- DEBORAH JANET MEGONE
- Dr MARTIN LAMB
- MRS CAI MALLETT
- Professor Derek Matravers
- Sandra Law
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £46k | £23k |
| 31/03/2024 | £22k | £23k |
| 31/03/2023 | £27k | £26k |
| 31/03/2022 | £17k | £34k |
| 31/03/2021 | £27k | £8k |
Common questions
Is FRIENDS OF GRAHAMSTOWN AND DISTRICT DEVELOPMENT financially healthy?
Per its FY2025 accounts: The accounts state that unrestricted cash reserves stood at £25,617 at the year end, a figure the trustees note is significantly higher than their target of approximately £7,000 due to a one-off project commitment. The trustees confirmed they have sufficient funds to meet liabilities as they fall due and operate with minimal reserves as payments are typically made just before the year end. Its FY2025 accounts were independently examined.