THE PRUDENCE TRUST
Financial health, per its FY2024 accounts
The accounts state that total unrestricted reserves stood at £75,768,400, significantly exceeding the stated minimum liquidity reserve of £10 million. The charity reported a net movement in funds of £14,845,355, driven by substantial investment gains, while charitable expenditure exceeded incoming resources from donations and investment income.
What the accounts disclose
“One employee earned between £120,000 and £130,000 during the year”
“One employee earned between £120,000 and £130,000 during the year”
“The Trustee Directors have agreed that at least £10m of reserves is held in cash and/or liquid investments that can be realised and their settlement proceeds are available within 5 business days.”
“A Trustee Director received a reimbursement of expense for the amount of £70 during the year to 31 December 2024” — page 30
“Trustee Liability insurance of £8,207 was paid by the Charity on behalf of the Trustee Director” — page 31
“A Trustee Director received a reimbursement of expense for the amount of £70 during the year to 31 December 2024” — page 30
“Trustee Liability insurance of £8,207 was paid by the Charity on behalf of the Trustee Director” — page 31
“A Trustee Director received a reimbursement of expense for the amount of £70 during the year to 31 December 2024” — page 30
“Trustee Liability insurance of £8,207 was paid by the Charity on behalf of the Trustee Director” — page 31
Year-over-year changes
- Top pay band moved from £110,001 - £120,000 (FY2023) to £120,001 - £130,000 (FY2024).
Leadership, per the charity’s website
- Prof Peter Fonagy — Chair of the Prudence Trust Mental Health Advisory Panel
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- The Prudence Trust Company Ltd
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £3.5m | £8.3m |
| 31/12/2023 | £14.6m | £8.8m |
| 31/12/2022 | £13.4m | £8.1m |
| 31/12/2021 | £49.5m | £5.2m |
| 31/12/2020 | £116.4m | £821k |
Common questions
Is THE PRUDENCE TRUST financially healthy?
The accounts state that total unrestricted reserves stood at £75,768,400, significantly exceeding the stated minimum liquidity reserve of £10 million. The charity reported a net movement in funds of £14,845,355, driven by substantial investment gains, while charitable expenditure exceeded incoming resources from donations and investment income. Its FY2024 accounts were audited by Sayer Vincent LLP.
What does the highest-paid employee of THE PRUDENCE TRUST earn?
Per its FY2024 accounts, the highest-paid employee was in the £120,001 - £130,000 band, and 1 employees earned over £60,000.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| BRITISH HEN WELFARE TRUST | 1 | £15k |
| MOISHE AND ESTHER ITZINGER FOUNDATION LIMITED | 1 | £5k |
| THE LAUFFER FAMILY CHARITABLE TRUST | 1 | £1k |