THE PATCH FOUNDATION CIO
Financial health, per its FY2022 accounts
The accounts state that the charity achieved a surplus of income over expenditure for the period of £2,430,508. Unrestricted general reserves as at the period end were £2,405,880, which is above the trustees' stated policy target of maintaining funds equivalent to between three and six months of expenditure. The auditors confirmed that there are no material uncertainties relating to the charity's ability to continue as a going concern.
What the accounts disclose
“It has 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
“During the period under review A Ball, Trustee of The Patch Foundation CIO and director of CourtX Ltd made donations to the charity of £688,187.” — page 28
“Loans were also made by A Ball to CourtX Ltd of £268,000. During the period £95,000 of these loans were waived.” — page 28
“During the period under review A Ball, Trustee of The Patch Foundation CIO and director of CourtX Ltd made donations to the charity of £688,187.” — page 28
“Loans were also made by A Ball to CourtX Ltd of £268,000. During the period £95,000 of these loans were waived.” — page 28
“During the period under review A Ball, Trustee of The Patch Foundation CIO and director of CourtX Ltd made donations to the charity of £688,187.” — page 28
“Loans were also made by A Ball to CourtX Ltd of £268,000. During the period £95,000 of these loans were waived.” — page 28
“The group is required to prepare consolidated accounts. These consolidated accounts comprise the financial statements of The Patch Foundation CIO and of its subsidiary CourtX Ltd.” — page 18
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- Angus Ballchair
- Hilary Simmons
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 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?
The accounts state that the charity achieved a surplus of income over expenditure for the period of £2,430,508. Unrestricted general reserves as at the period end were £2,405,880, which is above the trustees' stated policy target of maintaining funds equivalent to between three and six months of expenditure. The auditors confirmed that there are no material uncertainties relating to the charity's ability to continue as a going concern. Its FY2022 accounts were audited by Barnett & Turner Accountants Ltd.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE HADFIELD CHARITABLE TRUST | 1 | £3k |
| CBRE UK CHARITABLE TRUST | 1 | £250 |