University of California Trust
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net deficit of £44,011 for the year, resulting in unrestricted retained funds of £46,402 and a negative balance sheet position. The trustees acknowledge the negative reserve balance and state they are working towards changing this to a positive one, noting that all funds received are currently used to achieve the charity's objectives. Despite the deficit, the trustees maintain that there are adequate resources to continue in operational existence for the foreseeable future.
What the accounts disclose
Structured financials (annual return, FY ending 30/06/2025)
Trustees
- Deborah Millerchair
- BERNARD BRADLEY BARBER
- DAVID HELSON
- Heather Rene Kopeck
- Jodi Anderson
- Megan Kissinger
- Renee Christina Duci
- Sven Harvey Philip White
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 30/06/2025 | £1.7m | £1.7m |
| 30/06/2024 | £1.7m | £1.7m |
| 30/06/2023 | £3.8m | £3.7m |
| 30/06/2022 | £1.4m | £1.4m |
| 30/06/2021 | £713k | £694k |
Common questions
Is University of California Trust financially healthy?
The accounts state that the charity reported a net deficit of £44,011 for the year, resulting in unrestricted retained funds of £46,402 and a negative balance sheet position. The trustees acknowledge the negative reserve balance and state they are working towards changing this to a positive one, noting that all funds received are currently used to achieve the charity's objectives. Despite the deficit, the trustees maintain that there are adequate resources to continue in operational existence for the foreseeable future. Its FY2024 accounts were audited by Azets Audit Services.