Charity Accounts Intelreading the accounts so you don’t have to

THE PATCH FOUNDATION CIO

Registered charity 1196435 · accounts filings on the Charity Commission register

The promotion of community participation in healthy recreation, and the promotion of art and the advancement of education in the arts, and other charitable purposes, in the UK, both directly and through grant funding.

Causes: General Charitable Purposes · Arts/culture/heritage/science · Recreation · Grant history (this charity is a funder) · Get email alerts

Latest income
£4.3m
Latest spending
£1.2m
Registered
2021
Accounts read
FY2023

Financial health, per its FY2023 accounts

The accounts state that the charity achieved a surplus of income over expenditure of £1,645,332 for the year ended 31 December 2023. Unrestricted general reserves increased to £4,016,109, which the trustees consider sufficient to maintain activities for three to six months of expenditure. The auditor confirmed that the use of the going concern basis of accounting is appropriate with no material uncertainties identified.

Automated summary of the FY2023 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Reserves policy: three and six months expenditure (held: £4.0m)
“Ithas been the policy of the charity that unrestricted funds should be maintained at a level equivalent to between three and six months expenditure.” — page 6
Per its FY2023 accounts as filed with the Charity Commission.
Related-party transaction: Waiver of loan from Trustee A Ball
“Loans previously made by A Ball to CourtX Ltd amounting to £173,002 were waived in the year under review (2022: £95,000 was waived).” — page 29
“Operating leases entered into by CourtX Ltd were guaranteed by A Ball, director of CourtX Ltd.” — page 29
Per its FY2023 accounts as filed with the Charity Commission.
Related-party transaction: Lease guarantee by Trustee A Ball
“Loans previously made by A Ball to CourtX Ltd amounting to £173,002 were waived in the year under review (2022: £95,000 was waived).” — page 29
“Operating leases entered into by CourtX Ltd were guaranteed by A Ball, director of CourtX Ltd.” — page 29
Per its FY2023 accounts as filed with the Charity Commission.

Accounts audited by Barnett & Turner Accountants Ltd. Discloses 4 of 6 completeness components.

Structured financials (annual return, FY ending 31/12/2024)

Total income
£4.3m
Total spending
£1.2m
Cost of raising funds
£1.2m
Reserves (reported)
£6.7m
Employees
39

Reported reserves equal ~67.8 months of spending — in the top quarter for charities its size (median 4.8 months; benchmarks).

Per its annual return, largest income source: Donations and legacies (87% of income) — components as reported reconcile to the return’s total income; not from the accounts narrative.

Per its annual return, cost of raising funds: 26.9% of total income — in the top quarter for charities its size (median 5.2%) (benchmarks).

Trustees · trustee networks

Trustee list from the Charity Commission register (current, not historical).

Operates in: Portsmouth City

Income and spending

Financial year endIncomeSpending
31/12/2024£4.3m£1.2m
31/12/2023£2.7m£1.1m
31/12/2022£3.6m£1.1m

Common questions

Is THE PATCH FOUNDATION CIO financially healthy?

Per its FY2023 accounts: The accounts state that the charity achieved a surplus of income over expenditure of £1,645,332 for the year ended 31 December 2023. Unrestricted general reserves increased to £4,016,109, which the trustees consider sufficient to maintain activities for three to six months of expenditure. The auditor confirmed that the use of the going concern basis of accounting is appropriate with no material uncertainties identified. Its FY2023 accounts were audited by Barnett & Turner Accountants Ltd.

Funders of similar charities

Funders whose accounts show grants to charities similar to this one (and no recorded grant to this charity) — a starting list for fundraisers.

FunderSimilar charities fundedAmount to them
THE VIRGIN MONEY FOUNDATION1£60k
THE BALLINGER CHARITABLE TRUST1£40k
EDWARDS FAMILY CHARITABLE TRUST1£21k
THE BERNICIA FOUNDATION1£10k
The Rathbones Group Foundation1£8k
SIR ROBERT GEFFERY'S ALMSHOUSE TRUST1£6k

Charities like this

Semantically similar by activities and financial character, from our analysed corpus. Compare with PATCHWORK PROJECT.

Side by side with its peers

CharityIncomeTop pay bandStaff >£60kReserves vs policyFundraising costGoing concern
THE PATCH FOUNDATION CIO£4.3m—0unclear—no doubt
PATCHWORK PROJECT FY2025£263k—0unclear—no doubt
CLUB DONCASTER COMMUNITY SPORTS & EDUCATION FOUNDATION FY2025£2.0m——unclear—no doubt
THE NEW CROFT FOUNDATION FY2025£300k—0below—no doubt
THE FOUNDATION FOR EDUCATION, ARTS AND CULTURE FY2025£133k—0above—no doubt
THE PURI FOUNDATION FY2025£5.3m—0above—no doubt

Each row is that charity’s latest analysed filing; every value is quote-backed on its own page.