WHITECROFT EDUCATION TRUST
Financial health, per its FY2025 accounts
The accounts state that the group reported a net surplus of £1,664 for the year ended 31 December 2025, with unrestricted reserves standing at £2,583,773. The trustees consider the charity has adequate resources to continue in operational existence for the foreseeable future, noting that the trading subsidiary Novus Trading Limited ceased trading during the year.
What the accounts disclose
“The charity's policy is to maintain minimum free reserves at a level which equates to six months' unrestricted expenditure.” — page 5
“As stated in Note 13, Novus Trading Limited is a wholly owned subsidiary undertaking of the Charity £100,000 (2024: £108,000) was received by the Charity from the subsidiary under gift aid in the year.” — page 31
“The trading activities of the charity’s trading subsidiary Novus Trading Limited (06451874), which operates a chain of convenience stores, are undertaken by volunteers.” — page 4
Structured financials (annual return, FY ending 31/12/2025)
Trustees
- Connor Gibson Mitchellchair
- George Ashton Turner
- Gerard Mark Leflaive
- Peter Karl Small
- Reuben Scott Holley
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2025 | £1.5m | £1.5m |
| 31/12/2024 | £2.2m | £1.6m |
| 31/12/2023 | £1.5m | £1.5m |
| 31/12/2022 | £1.5m | £1.5m |
| 31/12/2021 | £801k | £799k |
Common questions
Is WHITECROFT EDUCATION TRUST financially healthy?
The accounts state that the group reported a net surplus of £1,664 for the year ended 31 December 2025, with unrestricted reserves standing at £2,583,773. The trustees consider the charity has adequate resources to continue in operational existence for the foreseeable future, noting that the trading subsidiary Novus Trading Limited ceased trading during the year. Its FY2025 accounts were audited by mca Banbury Ltd.