THE PANACEA CHARITABLE TRUST
Financial health, per its FY2024 accounts
The accounts state that total income for the year was £1,050,337 against total expenditure of £1,539,366, resulting in a net expenditure of £489,029. However, the charity holds substantial unrestricted reserves of £44,881,276, which the trustees aim to maintain to support future work. The auditor confirmed that the use of the going concern basis of accounting is appropriate with no material uncertainties identified.
What the accounts disclose
“There was 1 employee whose emoluments amounted to more than £60,000 in the year (2023: none).” — page 22
“There was 1 employee whose emoluments amounted to more than £60,000 in the year (2023: none).” — page 22
“The trustees continue to keep the charity’s reserves policy under review, and aim to distribute up to 100% of net income after all expenses and investment allocations for the current year and thereafter.”
“Three trustees were reimbursed during the year for travel expenses of £328 (2023: £668).” — page 22
Year-over-year changes
- Employees paid over £60,000: 0 (FY2023) → 1 (FY2024).
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- CHARLES NICHOLAS MONSELLchair
- Dr Ian Beavis
- Dr PHILIP LOCKLEY
- Evan Jones
- Sally Johnson
- Sarah Cowls
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £1.1m | £1.5m |
| 31/12/2023 | £894k | £858k |
| 31/12/2022 | £784k | £768k |
| 31/12/2021 | £684k | £718k |
| 31/12/2020 | £661k | £639k |
Common questions
Is THE PANACEA CHARITABLE TRUST financially healthy?
The accounts state that total income for the year was £1,050,337 against total expenditure of £1,539,366, resulting in a net expenditure of £489,029. However, the charity holds substantial unrestricted reserves of £44,881,276, which the trustees aim to maintain to support future work. The auditor confirmed that the use of the going concern basis of accounting is appropriate with no material uncertainties identified. Its FY2024 accounts were audited by Collett Hulance Accountants Limited.
What does the highest-paid employee of THE PANACEA CHARITABLE TRUST earn?
Per its FY2024 accounts, the highest-paid employee was in the £60,001 - £70,000 band, and 1 employees earned over £60,000.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| C E K STERN CHARITABLE TRUST | 1 | £35k |
| REDEEMER CHURCH CHESTER LE STREET | 1 | £9k |