THE EAST LOOE TOWN TRUST
Financial health, per its FY2023 accounts
The accounts state that the charity reported a net income of £652,724 for the year ended 31 December 2023, driven by a £626,500 revaluation gain on investment properties. Per the trustees' report, the charity maintains a reserves policy targeting six months of operating expenditure, with unrestricted fund balances totaling £4,135,870 at year-end. The trustees confirmed that systems are in place to mitigate major risks and that the charity has adequate resources to continue in operational existence.
What the accounts disclose
“It is the current policy of the charity that there is a designated reserve which should be maintained at a level equivalent to six months operating expenditure.” — page 7
Structured financials (annual return, FY ending 31/12/2024)
Register events
- Received assets from another charity (15/06/2017)
Trustees
- ANDREW DAVID BISHOPchair
- EMILE BRIAN GALIPEAU
- FREDERICK JOHN WARNE CB
- Philip Michael Gibson
- Robert Philip Lewis
- Samuel James Tanner
- Sharon Watters
- Simon Rawe
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £569k | £275k |
| 31/12/2023 | £273k | £247k |
| 31/12/2022 | £253k | £359k |
| 31/12/2021 | £262k | £263k |
| 31/12/2020 | £276k | £210k |
Common questions
Is THE EAST LOOE TOWN TRUST financially healthy?
The accounts state that the charity reported a net income of £652,724 for the year ended 31 December 2023, driven by a £626,500 revaluation gain on investment properties. Per the trustees' report, the charity maintains a reserves policy targeting six months of operating expenditure, with unrestricted fund balances totaling £4,135,870 at year-end. The trustees confirmed that systems are in place to mitigate major risks and that the charity has adequate resources to continue in operational existence. Its FY2023 accounts were audited by Prydis Accounts Limited.
Who funds THE EAST LOOE TOWN TRUST?
Funders whose own accounts filings name THE EAST LOOE TOWN TRUST as a grant recipient include WEST LOOE TOWN TRUST.
Known funders
| Funder | Year | Amount |
|---|---|---|
| WEST LOOE TOWN TRUST | FY2025 | £3k |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE GUILD ESTATE ENDOWMENT | 1 | £3.3m |
| COLLEGE ESTATE ENDOWMENT | 1 | £1.4m |
| SHEMTOV CHARITABLE TRUST | 1 | £25k |
| PARKLAKE CHARITY TRUST | 1 | £5k |