PHILIP NICHOLAS CHARITABLE TRUST
The charities are to support maritime studies, particularly, at Hull University. And to also support other charitable purposes connected with the sea
Financial health, per its FY2025 accounts
The accounts state that unrestricted reserves stood at £765,248, which the trustees consider adequate for the charity's objectives. The charity reported a net expenditure of £1,829 for the year, funded by investment income and gains, resulting in a slight decrease in total net assets from the previous year.
What the accounts disclose
“Unspent reserves at 5 April 2025 were £765,248 and are considered adequate for the charity's objectives.” — page 4
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 05/04/2025 | £41k | £49k |
| 05/04/2024 | £41k | £118k |
| 05/04/2023 | £46k | £97k |
| 05/04/2022 | £47k | £68k |
| 05/04/2021 | £39k | £73k |
Common questions
Is PHILIP NICHOLAS CHARITABLE TRUST financially healthy?
Per its FY2025 accounts: The accounts state that unrestricted reserves stood at £765,248, which the trustees consider adequate for the charity's objectives. The charity reported a net expenditure of £1,829 for the year, funded by investment income and gains, resulting in a slight decrease in total net assets from the previous year. Its FY2025 accounts were independently examined.