THE CHARTLEY FOUNDATION
Latest income
£242k
Latest spending
£493k
Registered
2013
Accounts read
FY2023
Financial health, per its FY2023 accounts
The accounts state that unrestricted reserves stood at £534,799, which exceeds the stated reserves policy target based on the current year's income of £147,604. The charity reported a net increase in total funds of £603,336, driven by investment gains, while maintaining adequate resources to meet liabilities for at least 12 months.
What the accounts disclose
Reserves policy: based on income received during the current year (held: £535k)
“The Foundation reserves policy in place during the year by the Trustees is that the income reserves of the Foundation should be based on income received during the current year which was £147,604” — page 6
Per its FY2023 accounts as filed with the Charity Commission.
Related-party transaction: SORBUS Partners LLP, managed by MW Thowless-Reeves (son of former trustee AA Reeves), provided investment management, grant due diligence, and banking/accounting services.
“During the year the Foundation was charged fees by SORBUS of £55,880 (2022: £58,757) for managing the investment portfolio, £19,977 (2022: £24,039) for grant due diligence, and £7,602 (2022: £5,351) for banking and accounting services.” — page 21
Per its FY2023 accounts as filed with the Charity Commission.
Trustees
- Archibald Philip Thomas de Courcy Hunter
- LORD STAFFORD
- Richard Edwin Poole
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £242k | £493k |
| 31/12/2023 | £148k | £105k |
| 31/12/2022 | £162k | £526k |
| 31/12/2021 | £156k | £347k |
| 31/12/2020 | £208k | £365k |
Common questions
Is THE CHARTLEY FOUNDATION financially healthy?
The accounts state that unrestricted reserves stood at £534,799, which exceeds the stated reserves policy target based on the current year's income of £147,604. The charity reported a net increase in total funds of £603,336, driven by investment gains, while maintaining adequate resources to meet liabilities for at least 12 months. Its FY2023 accounts were independently examined.