IAPS CHARITABLE TRUST
Financial health, per its FY2024 accounts
The accounts state that total funds increased from £2,083,298 to £2,178,410 during the year, driven by investment gains and net income. The charity maintains unrestricted reserves of £159,333, which significantly exceed the trustees' calculated policy target of £35,594 for committed grants and operating costs. The trustees confirm there are no material uncertainties regarding the charity's ability to continue as a going concern.
What the accounts disclose
“The Trustees have determined that they should hold sufficient unrestricted reserves to meet all existing grant commitments from the unrestricted fund and one year’s operating expenses. They have calculated that the total sum required is £15,594 for committed grants and £20,000 for operating costs.” — page 8
“Governance services valued at £6,232 (2023: £6,090) have been donated by IAPS and are included in the Statement of Financial Activities.” — page 14
“IAPS provides support to the charity including a small honorarium to the Grants Secretary of £1,476 (2023 - £1,976) which is donated by IAPS and included in the Statement of Financial Activities as donated services.”
“Governance services valued at £6,232 (2023: £6,090) have been donated by IAPS and are included in the Statement of Financial Activities.” — page 14
“IAPS provides support to the charity including a small honorarium to the Grants Secretary of £1,476 (2023 - £1,976) which is donated by IAPS and included in the Statement of Financial Activities as donated services.”
“Governance services valued at £6,232 (2023: £6,090) have been donated by IAPS and are included in the Statement of Financial Activities.” — page 14
“IAPS provides support to the charity including a small honorarium to the Grants Secretary of £1,476 (2023 - £1,976) which is donated by IAPS and included in the Statement of Financial Activities as donated services.”
Funders the charity credits
- IAPS
- IAPS member schools
Register events
- Received assets from another charity (21/05/2014)
- Received assets from another charity (10/07/2012)
- Received assets from another charity (10/07/2012)
Trustees
- CAROLYN JANE SCOTTchair
- David James Hewlett
- Donna Vinsome
- Emma Janine Neville
- Henry Matthews
- Saskie Anne Schalkwyk
- TIMOTHY CHARLES WHEELER
- TIMOTHY RICHARD CANNELL
- William Edward Charles Sawyer
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £197k | £198k |
| 31/03/2024 | £186k | £197k |
| 31/03/2023 | £193k | £207k |
| 31/03/2022 | £180k | £166k |
| 31/03/2021 | £171k | £107k |
Common questions
Is IAPS CHARITABLE TRUST financially healthy?
The accounts state that total funds increased from £2,083,298 to £2,178,410 during the year, driven by investment gains and net income. The charity maintains unrestricted reserves of £159,333, which significantly exceed the trustees' calculated policy target of £35,594 for committed grants and operating costs. The trustees confirm there are no material uncertainties regarding the charity's ability to continue as a going concern. Its FY2024 accounts were independently examined.