THE ROLY AND JUNE TONGE FOUNDATION
THE Trustees shall hold the capital and income of the Charitable Trust Fund upon trust to apply the income and all or such part or parts of the capital for or towards such charitable purposes and to make donations to such charitable institution or institutions at such time or times and in such manner as the Trustees may in their absolute discretion think fit.
Financial health, per its FY2024 accounts
The accounts state that the charity holds unrestricted reserves of £3,836,727, which the trustees believe are sufficient to support its objectives for the foreseeable future. The charity reported a net income of £23,285 for the period, derived primarily from investment interest, with minimal charitable expenditure. The auditor confirmed that there are no material uncertainties regarding the charity's ability to continue as a going concern.
What the accounts disclose
“Donations and legacies 2 - - - 3,812,500” — page 9
“The charity now has cash reserves in excess of £3,749,988 which are believed to be sufficient funding to support its objectives for the foreseeable future.” — page 4
“Of the trustees one is a current partner, and the other a former partner and ongoing consultant to Pickering & Butters LLP, a related party that provides professional services to the charity. During the year, professional fees of £4,134 were accrued for services provided by Pickering & Butters LLP (17 July 2023: £Nil), all of which were provided at market rates determined to be on an arm's length basis. As at the year-end, £4,134 was owed to Pickering & Butters LLP (17 July 2023: £Nil). Pickering & Butters LLP held funds of the charity on an interest-bearing general client account totalling £3,239,988 at the period-end (17 July 2023: £2,500,000). The trustees are also the executors of the estate of Mrs. J A Tonge. During the year, the estate paid legacy income of £1,250,000 to the charity (17 July 2023: £2,500,000). These payments were made in accordance with the terms of the will of Mrs. J A Tonge. No amounts were outstanding from the estate as at the year-end (17 July 2023: £1,250,000). The trustees confirm that they received no personal benefit or fees for acting as executors and that the charity's entitlement was not influenced by their role as trustees.” — page 17
Structured financials (annual return, FY ending 17/07/2023)
Trustees
- DONALD JOHN JAMES WHITEchair
- WILLIAM GEORGE JOHNSON
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 05/04/2025 | £267k | £67k |
| 05/04/2024 | £34k | £11k |
| 17/07/2023 | £2.5m | £0 |
| 17/07/2022 | £0 | £0 |
Common questions
Is THE ROLY AND JUNE TONGE FOUNDATION financially healthy?
Per its FY2024 accounts: The accounts state that the charity holds unrestricted reserves of £3,836,727, which the trustees believe are sufficient to support its objectives for the foreseeable future. The charity reported a net income of £23,285 for the period, derived primarily from investment interest, with minimal charitable expenditure. The auditor confirmed that there are no material uncertainties regarding the charity's ability to continue as a going concern. Its FY2024 accounts were audited by Deans.