PS FOUNDATION
Financial health, per its FY2023 accounts
The accounts state that the charity held unrestricted reserves of £23.1m at the year end, with £4.0m in cash reserves and £19.3m in land and financial assets. The trustees report that the charity had negligible costs, employing no staff and operating voluntarily, resulting in a net deficit of £249k despite receiving £389k in investment income. The trustees are satisfied that sufficient liquid resources are maintained to meet foreseeable liabilities as they fall due.
What the accounts disclose
“Amounts due to Vin Murria £212,083 (2022 : £Nil) are included in creditors.” — page 15
Structured financials (annual return, FY ending 31/03/2025)
Trustees
- VINODKA MURRIAchair
- MARK BUTT
- SUNIL BHALLA
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £560k | £525k |
| 31/03/2024 | £383k | £523k |
| 31/03/2023 | £389k | £422k |
| 31/03/2022 | £411k | £346k |
| 31/03/2021 | £269k | £262k |
Common questions
Is PS FOUNDATION financially healthy?
The accounts state that the charity held unrestricted reserves of £23.1m at the year end, with £4.0m in cash reserves and £19.3m in land and financial assets. The trustees report that the charity had negligible costs, employing no staff and operating voluntarily, resulting in a net deficit of £249k despite receiving £389k in investment income. The trustees are satisfied that sufficient liquid resources are maintained to meet foreseeable liabilities as they fall due. Its FY2023 accounts were audited by Myrus Smith.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| PRISM THE GIFT FUND | 1 | £70k |