SUBCO TRUST
The aim of Subco is to provide services to Asian elders and Carers of the sub-continent over the age of 50 years, with a particular focus on those who are frail, isolated and house bound, as well as running preventative services. Subco is a product of a community led initiative.
Financial health, per its FY2025 accounts
The accounts state that Subco Trust reported a net movement in funds of (68,558) GBP for the year ended 31 March 2025, resulting in total unrestricted reserves of 1,112 GBP. The charity is classified as a small entity and was entitled to exemption from audit under the Companies Act 2006. The independent examiner reported no matters coming to their attention regarding compliance with accounting standards or the Charities Act 2011.
What the accounts disclose
“Day Care LBN 135,498” — page 14
Property (HM Land Registry)
Trustees
- ASHOK PATEL
- Malathy Muthu
- SUNDER KANGESAN
- Shirin Memi
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £284k | £353k |
| 31/03/2024 | £315k | £369k |
| 31/03/2023 | £375k | £330k |
| 31/03/2022 | £238k | £322k |
| 31/03/2021 | £357k | £332k |
Common questions
Is SUBCO TRUST financially healthy?
Per its FY2025 accounts: The accounts state that Subco Trust reported a net movement in funds of (68,558) GBP for the year ended 31 March 2025, resulting in total unrestricted reserves of 1,112 GBP. The charity is classified as a small entity and was entitled to exemption from audit under the Companies Act 2006. The independent examiner reported no matters coming to their attention regarding compliance with accounting standards or the Charities Act 2011. Its FY2025 accounts were independently examined.
Who funds SUBCO TRUST?
Funders whose own accounts filings name SUBCO TRUST as a grant recipient include CHARITY OF SIR RICHARD WHITTINGTON.
Known funders
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| CHARITY OF SIR RICHARD WHITTINGTON | FY2024 | £37k | Older People & Housing |
| CHARITY OF SIR RICHARD WHITTINGTON | FY2025 | £33k | Older People & Housing |
| CHARITY OF SIR RICHARD WHITTINGTON | FY2023 | £32k | Older People & Housing |
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| City Bridge Foundation | 03/07/2025 | £85k | Grant to Subco Trust |
| The National Lottery Community Fund | 27/11/2024 | £18k | Connecting Community Asian Elders |
| The National Lottery Heritage Fund | 24/08/2023 | £10k | "Stories To Tell About Subco's Iconic Building" |
| The National Lottery Community Fund | 02/12/2022 | £10k | Asian Elders Ageing Well in Newham |
| The Mercers' Company | 08/02/2022 | £102k | Grant to Subco Trust |
| The National Lottery Community Fund | 04/03/2021 | £37k | Reengaging With a Smile |
| The National Lottery Community Fund | 22/04/2020 | £10k | Older Asian Carers Make Their Mark |
| The National Lottery Heritage Fund | 11/10/2017 | £54k | "SubCo Celebrating 25 years of 'Growing Old Gracefully'" |
| The National Lottery Community Fund | 08/06/2016 | £10k | My Life, My Choice - end-of-life care planning for Asian elders |
| The National Lottery Community Fund | 09/03/2015 | £197k | Asian Elders Join In and Keep Healthy! |
| The National Lottery Community Fund | 24/04/2012 | £118k | Empowering Asian elders to cope better with disability and long-term illnes |
| City Bridge Foundation | 07/09/2011 | £91k | Grant to Subco Trust |
| The National Lottery Community Fund | 18/03/2010 | £10k | Stroke support in the community for Asian elders |