PARACLETOS
Financial health, per its FY2023 accounts
The accounts state that the charity holds unrestricted reserves of £15,071,011, which the trustees consider sufficient as there are no meaningful expenditures or ongoing commitments at this stage. The charity generated a net income of £680,297 for the year, driven primarily by investment gains, and has no stated reserves policy target as it is not yet making multi-year grants. The independent auditors confirmed that the financial statements give a true and fair view and identified no material uncertainties regarding the charity's ability to continue as a going concern.
What the accounts disclose
Trustees
- JUSTIN COOPERchair
- ELAINE COOPER
- Jessica Cooper
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 30/06/2025 | £307k | £242k |
| 30/06/2024 | £232k | £196k |
| 30/06/2023 | £185k | £166k |
| 30/06/2022 | £328k | £134k |
| 30/06/2021 | £382k | £136k |
Common questions
Is PARACLETOS financially healthy?
The accounts state that the charity holds unrestricted reserves of £15,071,011, which the trustees consider sufficient as there are no meaningful expenditures or ongoing commitments at this stage. The charity generated a net income of £680,297 for the year, driven primarily by investment gains, and has no stated reserves policy target as it is not yet making multi-year grants. The independent auditors confirmed that the financial statements give a true and fair view and identified no material uncertainties regarding the charity's ability to continue as a going concern. Its FY2023 accounts were audited by Collards Chartered Accountants.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE JD FOUNDATION | 1 | £561k |
| DILLHAVEN LIMITED | 1 | £71k |
| SHEMTOV CHARITABLE TRUST | 1 | £25k |
| J & J CHARITABLE TRUST LIMITED | 1 | £17k |
| KTRUST LIMITED | 1 | £12k |
| PARKLAKE CHARITY TRUST | 1 | £5k |