THE OLWYN FOUNDATION
Financial health, per its FY2023 accounts
The accounts state that unrestricted funds stood at £41,177 at year-end, derived from £200,000 in donations and £165,000 in grants. The trustees note that donor support is not anticipated to continue at the same level, requiring active planning to seek funds from other sources. Despite this, the trustees are confident the charity will achieve its objectives over the medium term.
What the accounts disclose
“The trustees’ policy is to maintain reserves at such a level as to have sufficient funds to enable it to pay estimated known overheads and have a buffer in the event of unanticipated costs.” — page 4
“Donations received in the year represents an amount received from Samantha Rowe-Beddoe, a trustee of the Charity. No conditions were attached to the donations.” — page 8
Year-over-year changes
- Reserves position vs the charity's own policy moved from "within" (FY2022) to "above" (FY2023).
Trustees
- SAMANTHA OLWEN ROWE-BEDDOEchair
- PATRICIA JANE GREEN
- SAMANTHA VICTORIA MERRY
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £200k | £94k |
| 31/12/2023 | £200k | £167k |
| 31/12/2022 | £200k | £212k |
| 31/12/2021 | £200k | £185k |
| 31/12/2020 | £206k | £219k |
Common questions
Is THE OLWYN FOUNDATION financially healthy?
The accounts state that unrestricted funds stood at £41,177 at year-end, derived from £200,000 in donations and £165,000 in grants. The trustees note that donor support is not anticipated to continue at the same level, requiring active planning to seek funds from other sources. Despite this, the trustees are confident the charity will achieve its objectives over the medium term. Its FY2023 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE HENDON FAMILIES SYNAGOGUE LIMITED | 1 | £929k |
| WOODCOCK CHARITABLE TRUST | 1 | £250k |
| ZURICH COMMUNITY TRUST (UK) LIMITED | 1 | £16k |