THE DESMOND MOLINS CHARITABLE TRUST
GENERAL CHARITABLE ACTIVITIES
Objects
TO SUCH LEGALLY CHARITABLE INSTITUTIONS BODIES OR FUNDS OR FOR SUCH LEGALLY CHARITABLE PURPOSES(AND IF MORE THAN ONE IN SUCH SHARES) AS THE TRUSTEES SHALL FROM TIME TO TIME IN THEIR ABSOLUTE DISCRETION DETERMINE.
Financial health, per its FY2025 accounts
The accounts state that unrestricted reserves stood at £696,897, held as a wholly unrestricted General Fund. The trustees note that this reserve equates very closely to the value of the charity's investment portfolio. The charity reported a net decrease in funds of £7,166 for the year, primarily due to unrealized investment losses.
What the accounts disclose
“G F P Hicks Esq was a partner of Kreston Reeves LLP, the charity's accountants, who have been paid for their services in the sum of £14,844 (2024:£10,410). The other trustee, Miss J E Millar was a partner of Broadfield Law LLP, the charity's solicitors, who have been paid for their services in the sum of £1,992 (2024: £4,038). Payment of these fees is authorised by the Trust Deed.”
Policies the charity declares
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Investing charity funds policy and procedures
- Investment
- Risk management
- Serious incident reporting policy and procedures
- Trustee expenses policy and procedures
Trustees
- Gary Hicks
- Judith Elizabeth Millar
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 05/04/2025 | £30k | £33k |
| 05/04/2024 | £29k | £20k |
| 05/04/2023 | £29k | £37k |
| 05/04/2022 | £25k | £37k |
| 05/04/2021 | £23k | £16k |
Common questions
Is THE DESMOND MOLINS CHARITABLE TRUST financially healthy?
Per its FY2025 accounts: The accounts state that unrestricted reserves stood at £696,897, held as a wholly unrestricted General Fund. The trustees note that this reserve equates very closely to the value of the charity's investment portfolio. The charity reported a net decrease in funds of £7,166 for the year, primarily due to unrealized investment losses. Its FY2025 accounts were independently examined.