THE CHARLES WALLACE INDIA TRUST
Financial health, per its FY2023 accounts
The accounts state that unrestricted funds totalled £6,724,623, a decrease from the previous year's £7,171,231, driven by a net loss on investments of £405,690. The trustees maintain a reserves policy targeting three to six months of expenditure, with a minimum of £30,000; however, the actual unrestricted fund balance of £18,417 was below this policy target. Despite this dip, the trustees believe the position is temporary and the going concern basis remains appropriate.
What the accounts disclose
“As at the 5 April 2023 this figure was £18,417 (2022: £157,156). While this is lower than the stated policy the Trustees believe that this is just a temporary dip” — page 6
Trustees
- Charles William Walker
- Ekta Khokhar Kaul
- John Falconer
- Professor William Gould
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 05/04/2025 | £288k | £288k |
| 05/04/2024 | £288k | £331k |
| 05/04/2023 | £281k | £322k |
| 05/04/2022 | £258k | £239k |
| 05/04/2021 | £179k | £98k |
Common questions
Is THE CHARLES WALLACE INDIA TRUST financially healthy?
The accounts state that unrestricted funds totalled £6,724,623, a decrease from the previous year's £7,171,231, driven by a net loss on investments of £405,690. The trustees maintain a reserves policy targeting three to six months of expenditure, with a minimum of £30,000; however, the actual unrestricted fund balance of £18,417 was below this policy target. Despite this dip, the trustees believe the position is temporary and the going concern basis remains appropriate. Its FY2023 accounts were audited by CLA Evelyn Partners Limited.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| LPW LIMITED | 1 | £133k |
| THE RABBI MOSHE & LEAH DERMER FOUNDATION | 1 | £76k |
| JEG TRUST LIMITED | 1 | £40k |
| UOHC FOUNDATION LTD | 1 | £25k |
| THE HAPPY BABY COMMUNITY | 1 | £14k |
| SABENO LIMITED | 1 | £10k |
| WOODLANDS GREEN LTD | 1 | £10k |