PALACE FOR LIFE FOUNDATION
Financial health, per its FY2023 accounts
The accounts state that the charity generated a net income of £137,786 for the year ended 30 June 2023, resulting in total unrestricted and designated reserves of £1,006,811. The trustees consider these reserves to be above their stated policy target of £550,000, which is based on covering three months' payroll costs. The auditors confirmed that the financial statements give a true and fair view and found no material uncertainties regarding the charity's ability to continue as a going concern.
What the accounts disclose
Structured financials (annual return, FY ending 30/06/2025)
Trustees
- Alisa Flemming
- Amanda Fulker
- Charlotte Appleyard
- Jack Rowlands
- Kevin Day
- Lekan Ojumu
- Mark Smith
- Neil McIntosh
- Paul Clark
- Paul Cleal
- Stephanie Fuller
- Vanya Bromfield
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 30/06/2025 | £3.3m | £3.2m |
| 30/06/2024 | £3.0m | £2.8m |
| 30/06/2023 | £2.7m | £2.5m |
| 30/06/2022 | £2.6m | £2.4m |
| 30/06/2021 | £2.2m | £2.0m |
Common questions
Is PALACE FOR LIFE FOUNDATION financially healthy?
The accounts state that the charity generated a net income of £137,786 for the year ended 30 June 2023, resulting in total unrestricted and designated reserves of £1,006,811. The trustees consider these reserves to be above their stated policy target of £550,000, which is based on covering three months' payroll costs. The auditors confirmed that the financial statements give a true and fair view and found no material uncertainties regarding the charity's ability to continue as a going concern. Its FY2023 accounts were audited by Xeinadin Auditing.