QUADSTAR CHARITABLE FOUNDATION
Financial health, per its FY2024 accounts
The accounts state that the charity ended the year with negative unrestricted funds of £1,833, a significant decline from the previous year's positive balance of £76,310. The trustees acknowledge that the charity's work is almost entirely dependent on donations from a trustee and his companies, though post-year-end donations have been received to restore reserves. The independent examiner confirmed that the accounts comply with applicable requirements and no matters were identified that would cause concern regarding the financial statements.
What the accounts disclose
“The trustees reserve policy is to build up an unrestricted reserve fund to cover unexpected expenditure of up to £1,000.” — page 5
“The charity has received donations from Hanbury Hill post year end to restore the reserves to a net positive position and in line with the charity's reserves policy.”
“During the year the charity received donations totalling £21,000 (2023: £160,000) from Mr N Butcher, trustee, and companies in which he is a director.” — page 14
Year-over-year changes
- Going concern: no going-concern doubt (FY2023) → going-concern doubt noted (FY2024).
Trustees
- MR NICK BUTCHERchair
- Michelle Isla Ewing Butcher
- SUZANNE SMITH
- Wendy Suzanne Bayliss
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £165k | £111k |
| 31/03/2024 | £47k | £126k |
| 31/03/2023 | £164k | £101k |
| 31/03/2022 | £60k | £51k |
| 31/03/2021 | £0 | £24k |
Common questions
Is QUADSTAR CHARITABLE FOUNDATION financially healthy?
The accounts state that the charity ended the year with negative unrestricted funds of £1,833, a significant decline from the previous year's positive balance of £76,310. The trustees acknowledge that the charity's work is almost entirely dependent on donations from a trustee and his companies, though post-year-end donations have been received to restore reserves. The independent examiner confirmed that the accounts comply with applicable requirements and no matters were identified that would cause concern regarding the financial statements. Its FY2024 accounts were independently examined.
Who funds QUADSTAR CHARITABLE FOUNDATION?
Funders whose own accounts filings name QUADSTAR CHARITABLE FOUNDATION as a grant recipient include WILFRID AND CONSTANCE CAVE FOUNDATION.
Known funders
| Funder | Year | Amount |
|---|---|---|
| WILFRID AND CONSTANCE CAVE FOUNDATION | FY2025 | £5k |
| WILFRID AND CONSTANCE CAVE FOUNDATION | FY2023 | £5k |
| WILFRID AND CONSTANCE CAVE FOUNDATION | FY2024 | £1k |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| DUCHY HEALTH CHARITY LIMITED | 1 | £20k |
| THE CLARE MILNE TRUST | 1 | £8k |
| THE JONATHAN TOWLER FOUNDATION | 1 | £1k |