THE OSTACCHINI FAMILY CHARITABLE TRUST
Financial health, per its FY2022 accounts
The charity reported a net expenditure of £74,716 for the year, resulting in a decrease in total funds from £4,650,618 to £4,575,902. This deficit was driven by larger-than-expected repairs and a loss on the sale of an investment property, despite positive unrestricted funds of £232,907. The trustees confirmed that reserves were sufficient to continue as a going concern and maintain grant-making activities.
What the accounts disclose
Trustees
- ALBERT LARRY HOWARD
- Florence Mary Howard
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £168k | £184k |
| 31/12/2023 | £171k | £169k |
| 31/12/2022 | £195k | £222k |
| 31/12/2021 | £179k | £179k |
| 31/12/2020 | £186k | £181k |
Common questions
Is THE OSTACCHINI FAMILY CHARITABLE TRUST financially healthy?
The charity reported a net expenditure of £74,716 for the year, resulting in a decrease in total funds from £4,650,618 to £4,575,902. This deficit was driven by larger-than-expected repairs and a loss on the sale of an investment property, despite positive unrestricted funds of £232,907. The trustees confirmed that reserves were sufficient to continue as a going concern and maintain grant-making activities. Its FY2022 accounts were independently examined.