THE PORTRACK CHARITABLE TRUST
Financial health, per its FY2024 accounts
The accounts state that unrestricted reserves decreased significantly from £12,837,944 to £9,592,614 due to a net unrealised loss on investments of £3,159,828. Despite this drop in asset value, the charity holds sufficient cash and has no employees or property liabilities, allowing trustees to confirm it is a going concern with the ability to sustain activity for at least two years.
What the accounts disclose
“At present the Trustees do not believe that they need to maintain any specific reserves.” — page 4
“Included in the grants funded for the year ended 5 April 2024 (note 3) was an amount of £10,000 (2023: £10,000) which was made to Maggie’s Cancer Centres, a charity which was established by the mother of Lily and John Jencks, who are trustees of this Trust.” — page 16
“Further amounts of £400,000 (2023: £315,000) were made to the Jencks Foundation which Lily Jencks is a trustee of” — page 16
“Included in the grants funded for the year ended 5 April 2024 (note 3) was an amount of £10,000 (2023: £10,000) which was made to Maggie’s Cancer Centres, a charity which was established by the mother of Lily and John Jencks, who are trustees of this Trust.” — page 16
“Further amounts of £400,000 (2023: £315,000) were made to the Jencks Foundation which Lily Jencks is a trustee of” — page 16
“Included in the grants funded for the year ended 5 April 2024 (note 3) was an amount of £10,000 (2023: £10,000) which was made to Maggie’s Cancer Centres, a charity which was established by the mother of Lily and John Jencks, who are trustees of this Trust.” — page 16
“Further amounts of £400,000 (2023: £315,000) were made to the Jencks Foundation which Lily Jencks is a trustee of” — page 16
Structured financials (annual return, FY ending 05/04/2025)
Trustees
- Chris Gorell Barnes
- JOHN KESWICK JENCKS
- LILY JENCKS
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 05/04/2025 | £576k | £546k |
| 05/04/2024 | £569k | £654k |
| 05/04/2023 | £559k | £738k |
| 05/04/2022 | £388k | £511k |
| 05/04/2021 | £436k | £246k |
Common questions
Is THE PORTRACK CHARITABLE TRUST financially healthy?
The accounts state that unrestricted reserves decreased significantly from £12,837,944 to £9,592,614 due to a net unrealised loss on investments of £3,159,828. Despite this drop in asset value, the charity holds sufficient cash and has no employees or property liabilities, allowing trustees to confirm it is a going concern with the ability to sustain activity for at least two years. Its FY2024 accounts were audited by TC Group.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE ICTHIUS CHARITABLE TRUST | 1 | £548k |
| CORAM LIFE EDUCATION | 1 | £5k |
| MOISHE AND ESTHER ITZINGER FOUNDATION LIMITED | 1 | £5k |
| THE LAUFFER FAMILY CHARITABLE TRUST | 1 | £1k |