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THE UNDERFALL YARD TRUST

Registered charity 1041863 · accounts filings on the Charity Commission register · also known as UNDERFALL RESTORATION TRUST

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Latest income
£1.1m
Latest spending
£1.1m
Registered
1994
Accounts read
FY2023

Financial health, per its FY2023 accounts

The accounts state that the charity generated an operating surplus and held unrestricted reserves of £284,099, which is currently below its stated policy target of approximately £280,000 plus an emergency fund. Per the trustees' report, the charity anticipates rebuilding its reserves to policy levels within ten years, despite a significant fire occurring after the year-end that required building reinstatement.

What the accounts disclose

Reserves position: below the charity's own stated reserves policy
“The current reserves balance is lower than that required by the reserves policy.”
Per its FY2023 accounts as filed with the Charity Commission.

Accounts audited by Milsted Langdon LLP. Discloses 4 of 6 completeness components.

Public fundraising profile: JustGiving — The Underfall Yard Trust (matched by registered charity number).

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

Total income
£1.1m
Total spending
£1.1m
Cost of raising funds
£325k
Reserves (reported)
£409k
Employees
15

Reported reserves equal ~4.4 months of spending — below the median for charities its size (median 4.8 months; benchmarks).

Trustees

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

Operates in: Bristol City · Gloucestershire · Somerset

Income and spending

Financial year endIncomeSpending
31/03/2025£1.1m£1.1m
31/03/2024£731k£738k
31/03/2023£551k£578k
31/03/2022£549k£585k
31/03/2021£395k£401k

Common questions

Is THE UNDERFALL YARD TRUST financially healthy?

The accounts state that the charity generated an operating surplus and held unrestricted reserves of £284,099, which is currently below its stated policy target of approximately £280,000 plus an emergency fund. Per the trustees' report, the charity anticipates rebuilding its reserves to policy levels within ten years, despite a significant fire occurring after the year-end that required building reinstatement. Its FY2023 accounts were audited by Milsted Langdon LLP.

Government & lottery funding

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

FunderDateAmountPurpose
The National Lottery Heritage Fund02/10/2012£3.3m"The Underfall Yard Project"
The National Lottery Heritage Fund07/06/2004£49k"Underfall Yard Shed 95"
The National Lottery Heritage Fund09/03/2001£5k"The award will fund information displays and archives at Underfall Yard which is part of the historical Bristol Docks."
The National Lottery Heritage Fund13/08/1996£212k"Underfall Restoration - Phase II"