INNOVATE TRUST LTD

Registered charity 1010541 · accounts filings on the Charity Commission register · also known as CARDIFF UNIVERSITIES SOCIAL SERVICES, FIELD DAYS, INNOVATE TRAINING, INNOVATE TRAINING FIELD DAYS, QUEST

Providing support to disabled and disadvantaged individuals

Causes: Education/training · The Advancement Of Health Or Saving Of Lives · Disability · Accommodation/housing · Amateur Sport · Environment/conservation/heritage · website · Get email alerts

Latest income
£33.3m
Latest spending
£33.1m
Registered
1992
Accounts read
FY2025

Financial health, per its FY2025 accounts

The accounts state that the charity reported a net income of £137,443 for the year ended 31 March 2025, resulting in total funds of £3,280,452. The trustees' report notes that the charity set aside funds in the previous year to address an increasing deficit and restructure staffing, and the auditors confirmed there are no material uncertainties regarding the charity's ability to continue as a going concern.

Automated summary of the FY2025 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Accounts audited by Menzies LLP. Discloses 3 of 6 completeness components.

Property (HM Land Registry)

4 registered titles in England and Wales held by the charity’s company or corporate body (3 freehold); recorded price paid £74k. All charity-held property. Contains HM Land Registry data © Crown copyright, OGL v3.0.

Public profiles (found on the charity’s own website): facebook · instagram

Structured financials (annual return, FY ending 31/03/2025)

Total income
£33.3m
Total spending
£33.1m
Reserves (reported)
£1.2m
Employees
967

Reported reserves equal ~0.4 months of spending — in the bottom quarter for charities its size (median 4.6 months; benchmarks).

Per its annual return, largest income source: Charitable activities (100% of income) — components as reported reconcile to the return’s total income; not from the accounts narrative.

Per its annual return, cost of raising funds: 0.0% of total income — below the median for charities its size (3.8%) (benchmarks).

Trustees · trustee networks

Trustee list from the Charity Commission register (current, not historical).

Operates in: Cardiff · Rhondda Cynon Taff · Vale Of Glamorgan

Income and spending

Financial year endIncomeSpending
31/03/2025£33.3m£33.1m
31/03/2024£30.4m£31.0m
31/03/2023£28.1m£28.2m
31/03/2022£24.9m£24.4m
31/03/2021£23.7m£23.6m

Common questions

Is INNOVATE TRUST LTD financially healthy?

Per its FY2025 accounts: The accounts state that the charity reported a net income of £137,443 for the year ended 31 March 2025, resulting in total funds of £3,280,452. The trustees' report notes that the charity set aside funds in the previous year to address an increasing deficit and restructure staffing, and the auditors confirmed there are no material uncertainties regarding the charity's ability to continue as a going concern. Its FY2025 accounts were audited by Menzies LLP.

Who funds INNOVATE TRUST LTD?

Funders whose own accounts filings name INNOVATE TRUST LTD as a grant recipient include WALES COUNCIL FOR VOLUNTARY ACTION.

Known funders

Grants to this charity found in funders’ own accounts filings.

FunderYearAmountPurpose (as stated by the funder)
WALES COUNCIL FOR VOLUNTARY ACTIONFY2024£117kActive Inclusion - East Wales Youth

Government & lottery funding

Grants to this charity published as open data by government and lottery funders (360Giving).

FunderDateAmountPurpose
The National Lottery Community Fund09/03/2026£20kVale People Matter
The National Lottery Community Fund28/10/2025£98kStay Safe
The National Lottery Heritage Fund03/09/2024£55k"The Secret Garden"
The National Lottery Community Fund19/11/2021£10kInsight into Climate Action
The National Lottery Community Fund19/08/2021£54kInsight into Wales
The National Lottery Community Fund18/06/2020£39kCovid-19 Digital Response - Covid 19
The National Lottery Heritage Fund26/05/2017£46k"Cardiff Universities Social Services, the Untold Story"
The National Lottery Community Fund30/07/2014£249kGreen Days
The National Lottery Community Fund26/04/2012£5kSt. John's Cafe Project
The National Lottery Community Fund19/01/2011£10kCardiff Kingfishers
The National Lottery Community Fund26/11/2009£250kParkview Bistro
The National Lottery Community Fund21/06/2006£450kOutwards Bound Cardiff
The National Lottery Community Fund26/01/2006£226kThere is no project name available for this record

Funders of similar charities

Funders whose accounts show grants to charities similar to this one (and no recorded grant to this charity) — a starting list for fundraisers.

Charities like this

Semantically similar by activities and financial character, from our analysed corpus. Compare with ST EDMUNDS TRUST.

Side by side with its peers

CharityIncomeTop pay bandStaff >£60kReserves vs policyFundraising costGoing concern
INNOVATE TRUST LTD£33.3m——unclear—no doubt
ST EDMUNDS TRUST FY2025£107k—0unclear—no doubt
CHORTKOV TRUST FY2025£219k—0unclear—no doubt
RICHMOND TRUST FUND FY2025£220k—0above—no doubt
T & S TRUST FUND FY2025£334k—0above—no doubt
THE IMMIGRANTS' AID TRUST FY2025£106k—0unclear—no doubt

Each row is that charity’s latest analysed filing; every value is quote-backed on its own page.