POWER TO CHANGE TRUST
Financial health, per its FY2023 accounts
The accounts state that the charity holds £21.3m in total funds, comprising a £20.5m endowment and £0.8m in restricted funds, with no unrestricted reserves. The trustees confirm that the endowment covers fixed annual operating expenses and supports the organization without additional income until the end of 2026, indicating strong liquidity and no material uncertainties regarding going concern.
What the accounts disclose
“PTC Renewable Energy Ltd owns 50% of Community Owned Renewable Energy LLP, which is a joint venture with Big Society Capital.” — page 30
“The Protector received remuneration of £15k for the year (2022: £15k) representing their fee as stipulated by the Trust Deed.” — page 59
“PTC Renewable Energy Ltd owns 50% of Community Owned Renewable Energy LLP, which is a joint venture with Big Society Capital.” — page 30
“The Protector received remuneration of £15k for the year (2022: £15k) representing their fee as stipulated by the Trust Deed.” — page 59
“Power to Change has one subsidiary company: PTC Renewable Energy Ltd.” — page 30
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- POWER TO CHANGE TRUSTEE LIMITED
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £3.0m | £4.7m |
| 31/12/2023 | £6.8m | £9.0m |
| 31/12/2022 | £7.2m | £11.8m |
| 31/12/2021 | £5.7m | £15.9m |
| 31/12/2020 | £10.6m | £39.9m |
Common questions
Is POWER TO CHANGE TRUST financially healthy?
The accounts state that the charity holds £21.3m in total funds, comprising a £20.5m endowment and £0.8m in restricted funds, with no unrestricted reserves. The trustees confirm that the endowment covers fixed annual operating expenses and supports the organization without additional income until the end of 2026, indicating strong liquidity and no material uncertainties regarding going concern. Its FY2023 accounts were audited by Crowe U.K. LLP.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE BLAGRAVE TRUST | 2 | £67k |
| EAST END CHURCH | 1 | — |
| THE BARROW CADBURY TRUST | 1 | £295k |
| MISSION44 | 1 | £270k |
| BERNARD LEWIS FAMILY CHARITABLE TRUST | 1 | £250k |
| LUCILLE FOUNDATION | 1 | £150k |
| JOHN ELLERMAN FOUNDATION | 1 | £135k |
| TRUST FOR LONDON | 1 | £105k |