DUNWICH TOWN TRUST
Financial health, per its FY2024 accounts
The accounts state that the charity holds total funds of £3,981,515, with unrestricted funds at £2,206,633 and restricted funds at £1,774,882. The trustees confirm the charity is well-placed to continue as a going concern due to its investment levels and property assets. No specific reserves policy target is stated, but designated funds are maintained for capital, flood protection, and renovation purposes.
What the accounts disclose
“Reserves policy (1) General Reserve Fund for unforeseen liabilities and fluctuation in demand for grant giving. (2) Capital and Flood Protection Fund to contribute funds towards anticipated construction of banks and sea defences. (3) Property Renovation Fund for major works to the Dunwich Town Trust properties. (4) Inundation Fund for the anticipated inundation of its major asset, The Flora Tea Rooms, and expenditure anticipated in the furtherance of protection of its property by coastal erosion.”
Trustees
- Dr Dennis Coxchair
- Harry Goodchild
- Henry Tomlinson
- Julian Perry
- Katherine Jane Hamilton
- Patricia Shirley Boechler
- Rod Smith
- Sharon Louise Earp
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £123k | £87k |
| 31/12/2023 | £117k | £80k |
| 31/12/2022 | £111k | £81k |
| 31/12/2021 | £110k | £54k |
| 31/12/2020 | £108k | £61k |
Common questions
Is DUNWICH TOWN TRUST financially healthy?
The accounts state that the charity holds total funds of £3,981,515, with unrestricted funds at £2,206,633 and restricted funds at £1,774,882. The trustees confirm the charity is well-placed to continue as a going concern due to its investment levels and property assets. No specific reserves policy target is stated, but designated funds are maintained for capital, flood protection, and renovation purposes. Its FY2024 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE GUILD ESTATE ENDOWMENT | 1 | £3.3m |
| COLLEGE ESTATE ENDOWMENT | 1 | £1.4m |