TEENAGE CANCER TRUST
Financial health, per its FY2024 accounts
The accounts state that the charity delivered a net surplus of £1.2m for the year ended 31 December 2024, a significant recovery from the £5.4m deficit in the previous year. Total income rose to £19.8m, while total expenditure decreased to £18.9m, resulting in unrestricted reserves of £11.4m. The trustees confirm the charity has adequate resources to continue as a going concern, though they note the need to review the operating model to ensure long-term financial sustainability against income fluctuations.
What the accounts disclose
“Based on a review of our current commitments and risk, the level of reserves needed for 2025 is £10m.”
“In support of its charitable objectives, the Trust operates a wholly owned subsidiary with its own separate Board of Directors. The Teenage Trust (Trading) Limited, company number 02691170, is a company limited by guarantee. The accounts of The Teenage Trust (Trading) Limited are consolidated into the financial statements of the charity.” — page 2
Structured financials (annual return, FY ending 31/12/2024)
Register events
- Received assets from another charity (20/08/2025)
- Received assets from another charity (24/06/2025)
- Received assets from another charity (24/01/2024)
- Received assets from another charity (10/07/2023)
- Received assets from another charity (05/04/2023)
- Received assets from another charity (15/02/2023)
Trustees
- PAUL SPANSWICKchair
- Andrew Mark Ransom
- Caren Ayre Hindmarsh
- Charlotte Emma Kendall
- Gurinderjit Kaur Carr
- Jeremy Harmsworth Shute
- Jeremy Paul Seigal
- Lawrence Engel
- Professor Rachael Emma Hough
- Richard Martin Baillie Waterworth
- Susan Jane Morgan
- Varda Shine
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £19.8m | £18.9m |
| 31/12/2023 | £16.1m | £21.6m |
| 31/12/2022 | £18.7m | £19.0m |
| 31/12/2021 | £16.3m | £15.8m |
| 31/12/2020 | £15.6m | £15.0m |
Common questions
Is TEENAGE CANCER TRUST financially healthy?
The accounts state that the charity delivered a net surplus of £1.2m for the year ended 31 December 2024, a significant recovery from the £5.4m deficit in the previous year. Total income rose to £19.8m, while total expenditure decreased to £18.9m, resulting in unrestricted reserves of £11.4m. The trustees confirm the charity has adequate resources to continue as a going concern, though they note the need to review the operating model to ensure long-term financial sustainability against income fluctuations. Its FY2024 accounts were audited by Moore Kingston Smith LLP.
Who funds TEENAGE CANCER TRUST?
Funders whose own accounts filings name TEENAGE CANCER TRUST as a grant recipient include Flat Iron Trust, THE PENNIES FOUNDATION, THE FIDELITY UK FOUNDATION, THE TRUANTS FOUNDATION, THE CELIA BLAKEY CHARITABLE TRUST.
Known funders
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE BATCHWORTH TRUST | 2 | £30k |
| MAKERS OF PLAYING CARDS CHARITY | 1 | — |
| WARRANT OFFICERS' & SERGEANTS' MESS SCHOOL OF ELECTRICAL & MECHANICAL ENGINEERS | 1 | — |
| The Ethos Foundation | 1 | £1.8m |
| B&Q Foundation | 1 | £210k |
| THE KPMG FOUNDATION | 1 | £92k |
| THE HABERDASHERS' FOUNDATION | 1 | £75k |
| The Caring Family Foundation | 1 | £70k |