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ERMINE EDUCATION TRUST

Registered charity 1063272 · accounts filings on the Charity Commission register · also known as ERMINE EDUCATIONAL TRUST, LITTLEBURY RESOURCE CENTRE

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Latest income
£4.9m
Latest spending
£3.5m
Registered
1997
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that the charity reported a net surplus of £1,310,792 for the year ended 31 December 2024, with free reserves increasing to £4,805,089. The trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future, citing sufficient funds to mitigate short to medium-term risks. The charity is principally financed by profits from its trading subsidiary, Fusion Trading (Biggleswade) Ltd, alongside donations and grants.

What the accounts disclose

Related-party transaction: Gift Aid received from subsidiary
“As stated in Note 13, Fusion Trading Ltd was a wholly owned subsidiary undertaking of the Charity. £490,000 was received by the Charity from the subsidiary under gift aid.” — page 29
Per its FY2024 accounts as filed with the Charity Commission.
Trading subsidiary: Fusion Trading (Biggleswade) Ltd
“The trading activities of the charity’s trading subsidiary Fusion Trading (Biggleswade) Ltd (Company Number 07159595), which operates a chain of convenience stores, are undertaken by volunteers.” — page 4
Per its FY2024 accounts as filed with the Charity Commission.

Accounts audited by mca Banbury Ltd. Discloses 3 of 6 completeness components.

Structured financials (annual return, FY ending 31/12/2024)

Total income
£4.9m
Total spending
£3.5m
Cost of raising funds
£3.0m
Reserves (reported)
£0
Employees
0

Reported reserves equal ~0.0 months of spending — in the bottom quarter for charities its size (median 4.8 months; benchmarks).

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Trustees

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

Operates in: Bedford · Hertfordshire

Income and spending

Financial year endIncomeSpending
31/12/2024£4.9m£3.5m
31/12/2023£4.2m£3.4m
31/12/2022£3.0m£3.0m
31/12/2021£1.9m£1.4m
31/12/2020£192k£231k

Common questions

Is ERMINE EDUCATION TRUST financially healthy?

The accounts state that the charity reported a net surplus of £1,310,792 for the year ended 31 December 2024, with free reserves increasing to £4,805,089. The trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future, citing sufficient funds to mitigate short to medium-term risks. The charity is principally financed by profits from its trading subsidiary, Fusion Trading (Biggleswade) Ltd, alongside donations and grants. Its FY2024 accounts were audited by mca Banbury Ltd.