THE IRENE PRESTWICH TRUST CIO
Financial health, per its FY2023 accounts
The accounts state that the charity reported a net expenditure of £313,762 for the year, driven by significant unrealised losses on its investment portfolio which fell below the value required by its investment policy. Despite this, unrestricted reserves totalled £6,250,512, held primarily in investments, and the trustees confirmed the charity is a going concern with plans to reduce the 2023-24 budget to £120,000 to preserve capital.
What the accounts disclose
“the 31 March 2023 investment valuation was f779,511 lower than that required by the Charity's Investment Policy Statement”
Structured financials (annual return, FY ending 31/03/2021)
Register events
- Received assets from another charity (04/05/2022)
Trustees
- Barbara Jane Downchair
- Anne Elisabeth Tooms
- David Allan Faunce Smith
- David Lloyd Buxton
- Rumbidzai Revelation Potter
- Rumbidzai Salome Chamboko
- TJay Turner
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £103k | £68k |
| 31/03/2024 | £94k | £117k |
| 31/03/2023 | £89k | £131k |
| 31/03/2022 | £55k | £151k |
| 31/03/2021 | £6.2m | £98k |
Common questions
Is THE IRENE PRESTWICH TRUST CIO financially healthy?
The accounts state that the charity reported a net expenditure of £313,762 for the year, driven by significant unrealised losses on its investment portfolio which fell below the value required by its investment policy. Despite this, unrestricted reserves totalled £6,250,512, held primarily in investments, and the trustees confirmed the charity is a going concern with plans to reduce the 2023-24 budget to £120,000 to preserve capital. Its FY2023 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| BEIS MENACHEM CHABAD LUBAVITCH | 1 | £102k |
| YESHIVAS LUBAVITCH MANCHESTER | 1 | £20k |
| PARKLAKE CHARITY TRUST | 1 | £2k |