FASSNIDGE MEMORIAL TRUST
Financial health, per its FY2023 accounts
The accounts state that the charity incurred a net loss of £144,104 for the year, primarily driven by an unrealised loss of £141,743 on investment values due to market volatility. Despite this loss, the trustees confirm the charity has substantial unrestricted reserves and liquid assets well in excess of annual expenditure, maintaining a financially sound position to continue operations.
What the accounts disclose
“the Trustees consider it prudent that unrestricted reserves should be sufficient to cover at least one year's expenditure based on the prior financial year.” — page 9
Register events
- Received assets from another charity (15/12/2015)
- Received assets from another charity (07/04/2011)
Trustees
- Adam Bennettchair
- Dr Reva GUDI
- James Attias
- Johanna Marren-King
- John Hensley
- KELLY MARTIN
- Kamal Preet Kaur
- REETA CHAMDAL
- Trudy Perryman
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £159k | £203k |
| 31/03/2024 | £162k | £156k |
| 31/03/2023 | £155k | £158k |
| 31/03/2022 | £130k | £245k |
| 31/03/2021 | £126k | £175k |
Common questions
Is FASSNIDGE MEMORIAL TRUST financially healthy?
The accounts state that the charity incurred a net loss of £144,104 for the year, primarily driven by an unrealised loss of £141,743 on investment values due to market volatility. Despite this loss, the trustees confirm the charity has substantial unrestricted reserves and liquid assets well in excess of annual expenditure, maintaining a financially sound position to continue operations. Its FY2023 accounts were audited by Ward Williams.