THE PACKARD FOUNDATION
Latest income
£350k
Latest spending
£143k
Registered
2017
Accounts read
FY2022
Financial health, per its FY2022 accounts
The accounts state that the charity reported a net expenditure of £48,465 for the year, resulting in unrestricted reserves of £185,859. The trustees' report indicates a policy to maintain minimal reserves, and the going concern basis is supported by a commitment from a trustee-major donor to provide financial support as required.
What the accounts disclose
Reserves policy: minimal reserves (held: £186k)
“It is the Charity’s policy to maintain minimal reserves” — page 5
Per its FY2022 accounts as filed with the Charity Commission.
Going concern: noted by the trustees or auditor
“As such, the Charity's major donor who is also a trustee has undertaken to provide financial support as required to ensure the Charity meets its obligations for the foreseeable future. On this basis, the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements.” — page 11
Per its FY2022 accounts as filed with the Charity Commission.
Related-party transaction: A M M Packard is a trustee of both the Charity and the A Million Realities Foundation. The charity made grants to this entity.
“During the year, the charity transferred the A Million Realities fellowship programme to a separate legal entity, the A Million Realities Foundation. One of the Charity's Trustees, A M M Packard is also a trustee of this new entity. During the year, the charity made grants of £720,000 (Period ended 31 March 2021 - £5,000) to the A Million Realities Foundation.” — page 14
Per its FY2022 accounts as filed with the Charity Commission.
Structured financials (annual return, FY ending 31/03/2023)
Total income
£561k
Total spending
£1.3m
Reserves (reported)
£0
Employees
0
Register events
- Received assets from another charity (20/10/2018)
Trustees
- DULCE MARIA DE BARROS MARCHI PACKARDchair
- ANTONIA MARIA MARCHI PACKARD
- TESSA TERESA MARCHI PACKARD
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £350k | £143k |
| 31/03/2024 | £3 | £137k |
| 31/03/2023 | £561k | £1.3m |
| 31/03/2022 | £820k | £868k |
| 31/03/2021 | £2.8m | £1.3m |
Common questions
Is THE PACKARD FOUNDATION financially healthy?
The accounts state that the charity reported a net expenditure of £48,465 for the year, resulting in unrestricted reserves of £185,859. The trustees' report indicates a policy to maintain minimal reserves, and the going concern basis is supported by a commitment from a trustee-major donor to provide financial support as required. Its FY2022 accounts were independently examined.