Heeley Trust
Financial health, per its FY2025 accounts
The accounts state that the charity generated a net income surplus of £388,187 for the year ended 31 March 2025, with total income of £2,068,465 exceeding total expenditure of £1,680,278. Per the trustees' report, unrestricted reserves stood at £119,353, which is below the stated policy target of approximately £290,000 (representing 13 weeks of unrestricted expenditure). The charity holds total funds of £3,029,657, including £2,076,667 in restricted funds.
What the accounts disclose
“As shown in note 16 to the financial statements, the charity's general funds at 31st March 2025 amounted to £119,353. The charity's policy is to hold reserves of no more than 13 weeks of unrestricted expenditure which would be around £290,000.” — page 9
“Paul Grassick, trustee, is also a director of Lembas Trustees Limited who own 75% or more of the shares of Lembas Limited. During the year the charity purchased refreshments and cleaning consumables from Lembas Ltd at a cost of £447 (2024 - £1,535), on normal commercial terms.” — page 23
“Jack Czauderna, trustee, is also a trustee of Darnall Wellbeing. During the year the charity incurred administration and communication recharges at a cost of £2,808 (2024 - £1,452), on normal commercial terms.” — page 23
“Paul Grassick, trustee, is also a director of Lembas Trustees Limited who own 75% or more of the shares of Lembas Limited. During the year the charity purchased refreshments and cleaning consumables from Lembas Ltd at a cost of £447 (2024 - £1,535), on normal commercial terms.” — page 23
“Jack Czauderna, trustee, is also a trustee of Darnall Wellbeing. During the year the charity incurred administration and communication recharges at a cost of £2,808 (2024 - £1,452), on normal commercial terms.” — page 23
Structured financials (annual return, FY ending 31/03/2025)
Trustees
- Martin David McShanechair
- ANTHONY JAMES ASKINS
- Alexander John Clegg
- Anthony Ashton
- Dr SIMONE ABRAM
- Paul Andrew Schofield
- Rhiannon Eloise Thomas
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £2.1m | £1.7m |
| 31/03/2024 | £1.5m | £1.4m |
| 31/03/2023 | £1.3m | £1.3m |
| 31/03/2022 | £1.3m | £1.2m |
| 31/03/2021 | £1.3m | £1.2m |
Common questions
Is Heeley Trust financially healthy?
The accounts state that the charity generated a net income surplus of £388,187 for the year ended 31 March 2025, with total income of £2,068,465 exceeding total expenditure of £1,680,278. Per the trustees' report, unrestricted reserves stood at £119,353, which is below the stated policy target of approximately £290,000 (representing 13 weeks of unrestricted expenditure). The charity holds total funds of £3,029,657, including £2,076,667 in restricted funds. Its FY2025 accounts were audited by Marriott Gibbs Rees Wallis Limited.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Heritage Fund | 15/04/2004 | £11k | "Our Current Past, Heeley" |
| The National Lottery Heritage Fund | 02/02/2000 | £117k | "Hartley Street Enterprise Centre, Heeley" |