THE DOWNFORCE TRUST
Financial health, per its FY2025 accounts
The accounts state that the charity held unrestricted reserves of £2,635,671 at the end of the financial year, with cash and equivalents of £2,609,110. The trustees report that expenditure is expected to increase and reserves to reduce in coming years, but confirm the charity is a going concern with no material uncertainties identified by the auditors.
What the accounts disclose
“The Trust remains a shareholder in Downforce Technologies Limited (DTL) which continued to make strong progress in product development and customer success in 2024.” — page 5
Leadership, per the charity’s website
- Ranjita Rajan — Chief Executive
Structured financials (annual return, FY ending 31/01/2025)
Trustees
- Dr Adam Parrchair
- Matthew Mungo Tristram Soggot
- Merrick Hugh Denton-Thompson OBE
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/01/2025 | £1.3m | £443k |
| 31/01/2024 | £534k | £379k |
| 31/01/2023 | £1.1m | £228k |
| 31/01/2022 | £600k | £50k |
| 31/01/2021 | £400k | £274k |
Common questions
Is THE DOWNFORCE TRUST financially healthy?
The accounts state that the charity held unrestricted reserves of £2,635,671 at the end of the financial year, with cash and equivalents of £2,609,110. The trustees report that expenditure is expected to increase and reserves to reduce in coming years, but confirm the charity is a going concern with no material uncertainties identified by the auditors. Its FY2025 accounts were audited by Wenn Townsend.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE BANISTER CHARITABLE TRUST | 1 | £467k |
| The Brindle Foundation | 1 | £275k |
| M J CAMP CHARITABLE FOUNDATION | 1 | £230k |
| Tinsley Charitable Trust | 1 | £50k |
| THE DASHLIGHT FOUNDATION | 1 | £40k |
| THE GERALD MICKLEM CHARITABLE TRUST | 1 | £34k |
| THE FRAXINUS CHARITABLE TRUST | 1 | £20k |
| THE TOLKIEN TRUST | 1 | £15k |