THE PAYBACK TIME TRUST
Financial health, per its FY2024 accounts
The accounts state that the charity held £0 in free reserves at the end of the period, down from £14,450 the previous year. However, the charity maintains significant liquid assets, including £343,535 in bank balances and £3,182,218 in investments within the expendable endowment fund. The trustees pursue a policy of maintaining free reserves to cover future needs and contingencies.
What the accounts disclose
“At the end of the reporting period the charity had free reserves of £0 (2023: £14,450). In addition to the free reserves the charity has bank balances of £343,535 (2023: £54,002) and investments valued at £3,182,218 within the expendable endowment fund.”
“Ludlow Trust Company Limited was paid £9,070 for trust administration services during the year under review. These fees are authorized under clause 13 of the trust deed.”
Trustees
- KATHLEEN BARCOCK
- Ludlow Trust Company Ltd
- Sarah Fleur Guttridge
- Stuart Andrew Barcock
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 23/03/2025 | £143k | £142k |
| 23/03/2024 | £77k | £128k |
| 23/03/2023 | £63k | £134k |
| 23/03/2022 | £104k | £129k |
| 23/03/2021 | £53k | £120k |
Common questions
Is THE PAYBACK TIME TRUST financially healthy?
The accounts state that the charity held £0 in free reserves at the end of the period, down from £14,450 the previous year. However, the charity maintains significant liquid assets, including £343,535 in bank balances and £3,182,218 in investments within the expendable endowment fund. The trustees pursue a policy of maintaining free reserves to cover future needs and contingencies. Its FY2024 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| MOISHE AND ESTHER ITZINGER FOUNDATION LIMITED | 1 | £5k |
| THE LAUFFER FAMILY CHARITABLE TRUST | 1 | £1k |