THE CHARITABLE TRUST FOR THE TONGABEZI TRUST SCHOOL
Latest income
£345k
Latest spending
£231k
Registered
2003
Accounts read
FY2024
Financial health, per its FY2024 accounts
The accounts state that total income increased by 16% to £344,515, driven largely by increased Gift Aid and bank interest. The charity held total unrestricted reserves of £290,534, which is below the trustees' stated policy target of approximately £550,000 (representing twelve months of operational costs plus a 10% buffer).
What the accounts disclose
Reserves policy: twelve months of operational costs with an additional a 10% buffer (approximately £550,000 equivalent per annum) (held: £291k)
“the trustees recommend carrying a minimum amount of twelve months of operational costs with an additional a 10% buffer (approximately £550,000 equivalent per annum).” — page 13
Per its FY2024 accounts as filed with the Charity Commission.
Trustees
- CHANTELLE THOMAS-PAYNE
- DAVID FETTES
- Everisto Chabalanda
- GLEN JONES-SMYTHE
- MARIE LOUISE PRICE
- Susannah Robert
- ZOE OREOLUWA OLUKOGA
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £345k | £231k |
| 31/12/2023 | £298k | £128k |
| 31/12/2022 | £250k | £106k |
| 31/12/2021 | £199k | £16k |
| 31/12/2020 | £246k | £182k |
Common questions
Is THE CHARITABLE TRUST FOR THE TONGABEZI TRUST SCHOOL financially healthy?
The accounts state that total income increased by 16% to £344,515, driven largely by increased Gift Aid and bank interest. The charity held total unrestricted reserves of £290,534, which is below the trustees' stated policy target of approximately £550,000 (representing twelve months of operational costs plus a 10% buffer). Its FY2024 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| MATER ECCLESIAE CIO | 1 | £50k |
| PEGASUS | 1 | £30k |
| THE KAJATAWA FOUNDATION | 1 | £11k |
| The ROSL Foundation | 1 | £8k |
| THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST HELEN'S, WHEATHAMPSTEAD AND ST PETER'S, GUSTARD WOOD | 1 | £4k |
| THE HDH WILLS 1965 CHARITABLE TRUST | 1 | £3k |