PALLE MOELLER FOUNDATION
General Charitable purposes in education training medical health & sports for deserving ugandans thorugh a committee of vouluntary members submiting and selecting deserving cases to attend to.
Financial health, per its FY2025 accounts
The accounts state that the charity reported a net income of £2,200 for the year ended 31 March 2025, following a significant prior-year deficit. Per the trustees' report, the charity has adequate operational funds to continue as a going concern, despite noting that some funds were withheld by the Central Bank of Uganda due to the liquidation of Mercantile Credit Bank Ltd.
What the accounts disclose
“The value of the Endowment Fund was maintained at £105,843 as per the Foundation policy.” — page 5
“The charity, despite its reserves being withheld by Bank of Uganda under the recently liquidated Mercantile Credit Bank Ltd, has adequate operational funds to enable it continue as a going concern for the foreseeable future.” — page 5
“There were no related party transactions for the year ended 31st March 2025.” — page 18
Trustees
- Dorothy Moellerchair
- Micheal Lumu Moeller
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £72k | £70k |
| 31/03/2024 | £70k | £263k |
| 31/03/2023 | £51k | £40k |
| 31/03/2022 | £88k | £54k |
| 31/03/2021 | £57k | £61k |
Common questions
Is PALLE MOELLER FOUNDATION financially healthy?
Per its FY2025 accounts: The accounts state that the charity reported a net income of £2,200 for the year ended 31 March 2025, following a significant prior-year deficit. Per the trustees' report, the charity has adequate operational funds to continue as a going concern, despite noting that some funds were withheld by the Central Bank of Uganda due to the liquidation of Mercantile Credit Bank Ltd. Its FY2025 accounts were independently examined.