OPTIGENE FOUNDATION
Financial health, per its FY2025 accounts
The accounts state that the charity held free reserves of £513 at the end of the reporting period, a significant decrease from £19,529 in the previous year. The charity also holds bank balances of £280,388 and investments valued at £1,581,931 within the expendable endowment fund. The trustees maintain a policy of holding free reserves to cover future needs, contingencies, and risks.
What the accounts disclose
“The Trustees pursue a policy of maintaining a free reserve available to be spent in the furtherance of the charity’s objectives as well as covering future needs, opportunities, contingencies and risks.”
“Ludlow Trust Company Limited was paid £11,767 (2024: £12,136) for trust administration services and for cash management services during the year under review. These fees are authorised under clause 9 of the trust deed.”
Trustees
- Duncan Roy Clark
- Ludlow Trust Company Ltd
- Michael Paul Andreou
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 28/09/2025 | £231k | £251k |
| 28/09/2024 | £23k | £140k |
| 28/09/2023 | £10k | £91k |
Common questions
Is OPTIGENE FOUNDATION financially healthy?
The accounts state that the charity held free reserves of £513 at the end of the reporting period, a significant decrease from £19,529 in the previous year. The charity also holds bank balances of £280,388 and investments valued at £1,581,931 within the expendable endowment fund. The trustees maintain a policy of holding free reserves to cover future needs, contingencies, and risks. Its FY2025 accounts were independently examined.