PLOIEST ESTATES LIMITED
Financial health, per its FY2024 accounts
The accounts state that total reserves stood at £1,424,413, with only £55,413 classified as free reserves. The charity's stated policy is to maintain unrestricted funds at a level that does not impinge on its ability to support charitable institutions, rather than a specific monetary target. The trustees confirmed adequate resources for going concern purposes.
What the accounts disclose
“It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level which will not impinge on its ability to support Charitable institutions.” — page 4
“During the year the charity received a unrestricted donation of £42,000 and an endowment with a value of £200,000 from a company that one of the trustees of the charity is also a director of.” — page 15
Trustees
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £118k | £73k |
| 31/12/2023 | £18k | £8k |
Common questions
Is PLOIEST ESTATES LIMITED financially healthy?
The accounts state that total reserves stood at £1,424,413, with only £55,413 classified as free reserves. The charity's stated policy is to maintain unrestricted funds at a level that does not impinge on its ability to support charitable institutions, rather than a specific monetary target. The trustees confirmed adequate resources for going concern purposes. Its FY2024 accounts were independently examined.