THE PALOMA FOUNDATION
Latest income
£257k
Latest spending
£3k
Registered
2019
Accounts read
FY2024
Financial health, per its FY2024 accounts
The accounts state that the charity holds unrestricted reserves of £882,257, which is significantly above its stated policy target of £10,000 to £15,000. The charity reported a net surplus of £254,599 for the year, driven by donations and investment income, with minimal charitable expenditure incurred.
What the accounts disclose
Reserves policy: 6 months' expenditure (between £10,000 and £15,000) (held: £882k)
“The policy of the Charity is to hold free reserves equivalent to 6 months' expenditure. This is between £10,000 and £15,000.” — page 15
Per its FY2024 accounts as filed with the Charity Commission.
Structured financials (annual return, FY ending 31/12/2023)
Total income
£933k
Total spending
£5k
Reserves (reported)
£628k
Employees
0
Trustees
- Jack Pitmanchair
- JOLYON FROUD
- Philip David Baxter
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £257k | £3k |
| 31/12/2023 | £933k | £5k |
| 31/12/2022 | £0 | £0 |
| 31/12/2021 | £0 | £0 |
| 31/12/2020 | £0 | £0 |
Common questions
Is THE PALOMA FOUNDATION financially healthy?
The accounts state that the charity holds unrestricted reserves of £882,257, which is significantly above its stated policy target of £10,000 to £15,000. The charity reported a net surplus of £254,599 for the year, driven by donations and investment income, with minimal charitable expenditure incurred. Its FY2024 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| SHULEM B. ASSOCIATION LIMITED | 1 | £850k |
| THE GENERATIONAL FOUNDATION | 1 | £500k |
| UNITED TALMUDICAL ASSOCIATES LTD | 1 | £436k |
| UTRY | 1 | £72k |
| WISEHEIGHTS LIMITED | 1 | £25k |
| OLLINGHAM LIMITED | 1 | £20k |