THE FINBOROUGH FOUNDATION
Financial health, per its FY2024 accounts
The accounts state that the charity holds unrestricted funds totaling £8,173,466, with no designated restricted funds or long-term commitments. The Trustees do not maintain a specific reserves policy target, stating that all funds remain available at their discretion to further the charity's purposes. The charity reported a net increase in funds of £26,670 for the year, supported by a property portfolio valued at £6,459,000 and other investments valued at £1,045,316.
What the accounts disclose
“Included in other creditors is an amount of £35,000 loaned to the charity by Mr Charles Pettiward, Trustee. The loan is interest free and repayable on demand. No benefit was received by Mr Pettiward in exchange for this loan, which had been donated to the Foundation during the period prior to the date these financial statements were approved.” — page 21
“Kerry Roberts is a Director of Rathbones Trust Company and Rathbones Secretaries Limited. As permitted by the Foundation's governing documents, Rathbones was paid £17,520 (2023 - £7,200) in respect of professional services provided to the charity during the financial year.” — page 21
“Included in other creditors is an amount of £35,000 loaned to the charity by Mr Charles Pettiward, Trustee. The loan is interest free and repayable on demand. No benefit was received by Mr Pettiward in exchange for this loan, which had been donated to the Foundation during the period prior to the date these financial statements were approved.” — page 21
“Kerry Roberts is a Director of Rathbones Trust Company and Rathbones Secretaries Limited. As permitted by the Foundation's governing documents, Rathbones was paid £17,520 (2023 - £7,200) in respect of professional services provided to the charity during the financial year.” — page 21
Trustees
- Anna Pettiward
- Charles Pettiward
- James Roger Pettiward
- Josephine Mary Pettiward
- Kerry Roberts
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £251k | £256k |
| 31/12/2023 | £266k | £322k |
| 31/12/2022 | £269k | £244k |
| 31/12/2021 | £241k | £255k |
| 31/12/2020 | £263k | £343k |
Common questions
Is THE FINBOROUGH FOUNDATION financially healthy?
The accounts state that the charity holds unrestricted funds totaling £8,173,466, with no designated restricted funds or long-term commitments. The Trustees do not maintain a specific reserves policy target, stating that all funds remain available at their discretion to further the charity's purposes. The charity reported a net increase in funds of £26,670 for the year, supported by a property portfolio valued at £6,459,000 and other investments valued at £1,045,316. Its FY2024 accounts were audited by Grunberg & Co Ltd.