PHLETA FOUNDATION UK
Phleta Foundation UK donates into Phleta Foundation, adminstered in South Africa, focussing on education, conservation, and improving livelihoods in South Africa.
Objects
THE CHARITY'S OBJECTS ARE TO FURTHER SUCH CHARITABLE OBJECTS AND PURPOSES AS ARE CHARITABLE UNDER THE LAWS OF ENGLAND AND WALES AND REGARDED AS CHARITABLE WITHIN SECTION 2 CHARITIES ACT 2011 OR ANY MODIFICATION OR RE-ENACTMENT OF IT.
Financial health, per its FY2025 accounts
The accounts state that the charity received £500,000 in donations and incurred only £6,150 in governance expenditure, resulting in a net surplus and unrestricted reserves of £493,850. The trustees confirm that these reserves are maintained in line with their policy of holding three to six months of expenditure. The independent examiner reported no matters causing concern regarding the financial statements.
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 equivalent to between three and six month’s expenditure.” — page 4
“During the period, the Charity received donations of £300,000 from Correlation Risk Partners Limited, an entity with common key management personnel. The donation was unrestricted without conditions to its use.” — page 12
Policies the charity declares
- Conflicting interests
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
Corporate structure
- Registered company of the charity Companies House 16529848
Company officers (Companies House)
- LUGT, Coenraad Alexander on trustee list
- MARX, Danya on trustee list
- TAYLOR, Stuart Lawrence on trustee list
Trustees
- Coenraad Alexander Lugt
- Danya Marx
- Stuart Lawrence Taylor
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2025 | £500k | £6k |
Common questions
Is PHLETA FOUNDATION UK financially healthy?
Per its FY2025 accounts: The accounts state that the charity received £500,000 in donations and incurred only £6,150 in governance expenditure, resulting in a net surplus and unrestricted reserves of £493,850. The trustees confirm that these reserves are maintained in line with their policy of holding three to six months of expenditure. The independent examiner reported no matters causing concern regarding the financial statements. Its FY2025 accounts were independently examined.