THE DOUGLAS PENNANT FAMILY FOUNDATION
Chiefly, grants to other charities principally operating in and around Bethesda and Bangor , North Wales, but also educational charities in Jamaica
Objects
THE OBJECTS OF THE FOUNDATION ARE THE ADVANCEMENT OF PUBLIC BENEFIT BY SUCH CHARITABLE PURPOSES AS THE TRUSTEES MAY FROM TIME TO TIME DECIDE
Financial health, per its FY2025 accounts
The accounts state that the charity held unrestricted reserves of £1,263,829 at the period end, having experienced a net outgoing of resources of £13,698 due to investment losses. The trustees' report indicates that the charity has no paid employees and operates solely through its trustees, with a reserves policy focused on capital growth to meet future grant-making requirements.
What the accounts disclose
“It is the policy of the Trustees to invest unrestricted funds for capital growth.” — page 28
Policies the charity declares
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Investing charity funds policy and procedures
- Investment
- Risk management
Trustees
- RICHARD CHARLES HARPER DOUGLAS PENNANTchair
- EDWARD CHARLES SAMPLE
- Emyr Wynne Hughes
- Michael Philip McNeill Armstrong
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £44k | £57k |
| 31/03/2024 | £44k | £45k |
| 31/03/2023 | £39k | £53k |
| 31/03/2022 | £33k | £64k |
| 31/03/2021 | £30k | £76k |
Common questions
Is THE DOUGLAS PENNANT FAMILY FOUNDATION financially healthy?
Per its FY2025 accounts: The accounts state that the charity held unrestricted reserves of £1,263,829 at the period end, having experienced a net outgoing of resources of £13,698 due to investment losses. The trustees' report indicates that the charity has no paid employees and operates solely through its trustees, with a reserves policy focused on capital growth to meet future grant-making requirements. Its FY2025 accounts were independently examined.