THE PHILIP AND CONNIE PHILLIPS FOUNDATION
Financial health, per its FY2025 accounts
The accounts state that net assets decreased from £1,715,889 to £1,549,266 due to a net expenditure of £166,623, driven by grants paid of £327,678 against investment income of £21,927. The trustees maintain a reserves policy targeting approximately twelve months of unrestricted charitable expenditure, and the current unrestricted reserves of £1,404,092 are significantly above this target. The charity does not actively fundraise and relies on investment returns, with no material uncertainties or governance failures disclosed.
What the accounts disclose
“The trustees aim to maintain its liquid funds at a level which equates to approximately twelve months of unrestricted charitable expenditure.” — page 6
“During the year, the charity incurred expenses of £1,698 (2024: £1,740) from TC SWP Ltd (formerly Simpson Wreford and Partners), an accountancy firm which P du Cassé jointly controls with others. These expenses were wholly in relation to statutory accounting services.” — page 17
Structured financials (annual return, FY ending 05/04/2021)
Trustees
- Deborah Jean Wilkeschair
- JANE ELIZABETH DAVIES
- John Austin
- Patrick du Casse
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 05/04/2025 | £172k | £339k |
| 05/04/2024 | £144k | £370k |
| 05/04/2023 | £32k | £420k |
| 05/04/2022 | £31k | £256k |
| 05/04/2021 | £2.5m | £116k |
Common questions
Is THE PHILIP AND CONNIE PHILLIPS FOUNDATION financially healthy?
The accounts state that net assets decreased from £1,715,889 to £1,549,266 due to a net expenditure of £166,623, driven by grants paid of £327,678 against investment income of £21,927. The trustees maintain a reserves policy targeting approximately twelve months of unrestricted charitable expenditure, and the current unrestricted reserves of £1,404,092 are significantly above this target. The charity does not actively fundraise and relies on investment returns, with no material uncertainties or governance failures disclosed. Its FY2025 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE AMATEURS TRUST | 1 | £96k |
| CORAM LIFE EDUCATION | 1 | £20k |
| THE COLYER-FERGUSSON CHARITABLE TRUST | 1 | £10k |
| THE THOMAS J HORNE MEMORIAL TRUST | 1 | £9k |
| TALBOT VILLAGE TRUST | 1 | £5k |
| BRITISH HUMANE ASSOCIATION | 1 | £5k |
| CANTIACORUM FOUNDATION | 1 | £5k |
| Moto Foundation | 1 | £350 |