FRIENDS OF POLOAFRICA DEVELOPMENT TRUST
Financial health, per its FY2023 accounts
The accounts state that the charity held minimal reserves at the end of the period, with a closing balance of £4,717.47 against total expenditure of £69,205.53. The trustees consider the charity a going concern but note that it is highly dependent on the support of the ERS Foundation and face risks including the inability to raise sufficient funds and loss of key personnel.
What the accounts disclose
“The charity is holding minimal reserves but will be using them as and when deemed necessary for projects.”
Trustees
- MARK J A CANNchair
- Emma Frances Cann
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/08/2025 | £127k | £85k |
| 31/08/2024 | £90k | £29k |
| 31/08/2023 | £35k | £69k |
| 31/08/2022 | £60k | £30k |
| 31/08/2021 | £33k | £20k |
Common questions
Is FRIENDS OF POLOAFRICA DEVELOPMENT TRUST financially healthy?
The accounts state that the charity held minimal reserves at the end of the period, with a closing balance of £4,717.47 against total expenditure of £69,205.53. The trustees consider the charity a going concern but note that it is highly dependent on the support of the ERS Foundation and face risks including the inability to raise sufficient funds and loss of key personnel. Its FY2023 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| ALLAN AND NESTA FERGUSON CHARITABLE SETTLEMENT | 2 | £40k |
| ALDRIDGE FOUNDATION CIO | 1 | £131k |
| THE COSARAF CHARITABLE FOUNDATION | 1 | £6k |