THE PARGITER TRUST
Financial health, per its FY2022 accounts
The accounts state that total funds decreased to £13,306,179 from £14,175,907 in the prior year, driven by a net decrease in funds of £869,728 due to investment losses. Free unrestricted reserves stood at £159,684, which the trustees consider sufficient to meet one year's governance costs and pending grants, despite the downturn in investment values.
What the accounts disclose
“The Trustees ensure that sufficient reserves are held to meet one year's governance costs as well as covering grants pending approval in case of a downturn in investments.” — page 9
“The charity owns the whole of the issued share capital of Sarnia Properties Ltd (SPL), a Guernsey based property investment company” — page 7
Structured financials (annual return, FY ending 31/12/2024)
Register events
- Received assets from another charity (16/11/2015)
Trustees
- MRS S C GARDINERchair
- Ella Gardiner
- MARTYN MOGFORD
- Mike Starkey
- Paul Metcalfe
- VICTORIA WESTHORP
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £914k | £774k |
| 31/12/2023 | £799k | £721k |
| 31/12/2022 | £774k | £730k |
| 31/12/2021 | £748k | £687k |
| 31/12/2020 | £753k | £807k |
Common questions
Is THE PARGITER TRUST financially healthy?
The accounts state that total funds decreased to £13,306,179 from £14,175,907 in the prior year, driven by a net decrease in funds of £869,728 due to investment losses. Free unrestricted reserves stood at £159,684, which the trustees consider sufficient to meet one year's governance costs and pending grants, despite the downturn in investment values. Its FY2022 accounts were audited by A C Mole.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE IDLEWILD TRUST | 1 | £20k |
| DR RADCLIFFE'S TRUST | 1 | £8k |
| CORAM LIFE EDUCATION | 1 | £1k |