IGF TRANSATLANTIC LIMITED
Financial health, per its FY2023 accounts
The accounts state that unrestricted reserves fell to £191,107 from £382,613 in the prior year, driven by a significant drop in donations and a net expenditure for the period. The trustees report that the organization remains optimistic about financial sustainability despite challenges related to funding fluctuations and management transitions. The independent auditors confirmed that there are no material uncertainties regarding the charity's ability to continue as a going concern.
What the accounts disclose
“During the period, the following related party transactions were recognized: a. Total contributions from Stewardship (UKET) Limited amounting to £ 10,361; b. Total grants to Stewardship (UKET) Limited amounting to £ 802,960. Stewardship (UKET) Limited is the Charity's parent entity until June 30, 2023, by which period the one share of IGF Transatlantic Limited (formerly Stewardship American Donor Fund UK Limited) was transferred to IGFT Corporation.” — page 22
“During the period, the following related party transactions were recognized: a. Total contributions from Stewardship (UKET) Limited amounting to £ 10,361; b. Total grants to Stewardship (UKET) Limited amounting to £ 802,960. Stewardship (UKET) Limited is the Charity's parent entity until June 30, 2023, by which period the one share of IGF Transatlantic Limited (formerly Stewardship American Donor Fund UK Limited) was transferred to IGFT Corporation.” — page 22
“During the period, the following related party transactions were recognized: a. Total contributions from Stewardship (UKET) Limited amounting to £ 10,361; b. Total grants to Stewardship (UKET) Limited amounting to £ 802,960. Stewardship (UKET) Limited is the Charity's parent entity until June 30, 2023, by which period the one share of IGF Transatlantic Limited (formerly Stewardship American Donor Fund UK Limited) was transferred to IGFT Corporation.” — page 22
“During the period, the following related party transactions were recognized: a. Total contributions from Stewardship (UKET) Limited amounting to £ 10,361; b. Total grants to Stewardship (UKET) Limited amounting to £ 802,960. Stewardship (UKET) Limited is the Charity's parent entity until June 30, 2023, by which period the one share of IGF Transatlantic Limited (formerly Stewardship American Donor Fund UK Limited) was transferred to IGFT Corporation.” — page 22
Year-over-year changes
- Going concern: material uncertainty (FY2022) → no going-concern doubt (FY2023).
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- Iniego Carl Varon
- John Stephen Riches
- Morag Smith
- Robert Giffen Collins
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £906k | £211k |
| 31/12/2023 | £734k | £921k |
| 31/12/2022 | £5.9m | £6.3m |
| 31/12/2021 | £3.2m | £3.2m |
| 31/12/2020 | £3.8m | £20.2m |
Common questions
Is IGF TRANSATLANTIC LIMITED financially healthy?
The accounts state that unrestricted reserves fell to £191,107 from £382,613 in the prior year, driven by a significant drop in donations and a net expenditure for the period. The trustees report that the organization remains optimistic about financial sustainability despite challenges related to funding fluctuations and management transitions. The independent auditors confirmed that there are no material uncertainties regarding the charity's ability to continue as a going concern. Its FY2023 accounts were audited by Goldwins Limited.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE P27 TRUST | 1 | £1.3m |
| MAGNIFY FOUNDATION | 1 | £213k |
| FIRSTFRUITS GOSPEL FOUNDATION | 1 | £124k |
| THE MURIEL AND GERSHON COREN CHARITABLE FOUNDATION | 1 | £80k |
| B K CHARITABLE TRUST | 1 | £72k |
| Howden Foundation | 1 | £56k |
| THE JMCMRJ SORRELL FOUNDATION | 1 | £50k |
| THE CORNERSTONE WORKS LTD | 1 | £38k |