THE CHARENTE GROUP BENEVOLENT FUND
The objects of the Charity are to make to necessitious and deserving persons employed by or previously employed by any company in the Charente Group or residing in specific areas in which the Group had offices.
Financial health, per its FY2024 accounts
The accounts state that the charity holds free reserves of £1,342,757, which the trustees estimate represents fifteen years of future payments, well exceeding their policy target of maintaining reserves for at least 12.5 years. The charity reported a net movement in funds surplus of £61,322 for the year, driven largely by investment gains, while charitable payments exceeded incoming resources. The trustees confirm adequate resources for the foreseeable future and note that the underlying value of the fund remains strong.
What the accounts disclose
“Given the age profile of the current and future recipients of the fund the Trustees currently look at maintaining reserves for at least 12.5 years.”
Trustees
- Dermot Christopher Daly
- RICHARD ARTHUR PILKINGTON
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £42k | £135k |
| 31/12/2023 | £37k | £136k |
| 31/12/2022 | £35k | £118k |
| 31/12/2021 | £45k | £117k |
| 31/12/2020 | £44k | £124k |
Common questions
Is THE CHARENTE GROUP BENEVOLENT FUND financially healthy?
Per its FY2024 accounts: The accounts state that the charity holds free reserves of £1,342,757, which the trustees estimate represents fifteen years of future payments, well exceeding their policy target of maintaining reserves for at least 12.5 years. The charity reported a net movement in funds surplus of £61,322 for the year, driven largely by investment gains, while charitable payments exceeded incoming resources. The trustees confirm adequate resources for the foreseeable future and note that the underlying value of the fund remains strong. Its FY2024 accounts were independently examined.