OLD POSSUM'S PRACTICAL TRUST
Financial health, per its FY2023 accounts
The accounts state that the charity held unrestricted funds of £5,412,667 at the year end, down from £8,866,280 the previous year, following net outgoing resources of £3,453,613. The trustees' report indicates that the charity aims to distribute its unrestricted income within the year of receipt and retains only minimal levels to cover operating expenses and emergency applications. The independent auditors confirmed that the use of the going concern basis of accounting was appropriate with no material uncertainties identified.
What the accounts disclose
“The trustees have established a policy whereby the unrestricted funds, which are the free reserves of the charity, should be kept at a minumum level.” — page 8
“Old Possum's Practical Trust made a donation of £3,150,000 during the year to The T. S. Eliot Foundation for the purchase of a Writers Retreat - Naish Priory.” — page 26
“Old Possum's Practical Trust received a donation of £NIL during the year from Set Copyrights Limited for Morgan Trust Dividends (2022 - £131,372).” — page 26
“Old Possum's Practical Trust made a donation of £3,150,000 during the year to The T. S. Eliot Foundation for the purchase of a Writers Retreat - Naish Priory.” — page 26
“Old Possum's Practical Trust received a donation of £NIL during the year from Set Copyrights Limited for Morgan Trust Dividends (2022 - £131,372).” — page 26
Trustees
- CLARE REIHILL
- DEIRDRE SIMPSON
- JUDITH MARGARET HOOPER
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £189k | £473k |
| 31/03/2024 | £150k | £332k |
| 31/03/2023 | £163k | £3.6m |
| 31/03/2022 | £265k | £1.4m |
| 31/03/2021 | £145k | £409k |
Common questions
Is OLD POSSUM'S PRACTICAL TRUST financially healthy?
The accounts state that the charity held unrestricted funds of £5,412,667 at the year end, down from £8,866,280 the previous year, following net outgoing resources of £3,453,613. The trustees' report indicates that the charity aims to distribute its unrestricted income within the year of receipt and retains only minimal levels to cover operating expenses and emergency applications. The independent auditors confirmed that the use of the going concern basis of accounting was appropriate with no material uncertainties identified. Its FY2023 accounts were audited by MHA.