Charity Accounts Intelreading the accounts so you don’t have to

OPENTRUST

Registered charity 1086404 · accounts filings on the Charity Commission register

Latest income
£299k
Latest spending
£577k
Registered
2001
Accounts read
FY2023

Financial health, per its FY2023 accounts

The accounts state that the charity reported a net outgoing resource of £496,829 for the year, resulting in a decrease in total net assets from £834,401 to £337,572. The unrestricted reserves stood at £32,854, while the charity maintains a policy of ensuring solvency by disbursing funds only when fully funded. The trustees expressed satisfaction with the financial position at year-end.

What the accounts disclose

Reserves policy: ensure its solvency by disbursing funds only in accordance with any restrictions imposed on them or when they are held without restriction. The charity incurs no liabilities unless they are fully funded. (held: £33k)
“The policy of the charity is to ensure its solvency by disbursing funds only in accordance with any restrictions imposed on them or when they are held without restriction. The charity incurs no liabilities unless they are fully funded.” — page 6
Per its FY2023 accounts as filed with the Charity Commission.
Related-party transaction: openDemocracy Ltd is the main recipient of the Trust’s funds and has similar objectives to the Trust. Its one common director, Mr Anthony Barnett resigned from the oD Board in October 2023.
“openDemocracy Ltd is the main recipient of the Trust’s funds and has similar objectives to the Trust. Its one common director, Mr Anthony Barnett resigned from the oD Board in October 2023. The Trust also provides grant funding to other organizations which realise its objectives.” — page 5
Per its FY2023 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit).

Public fundraising profile: JustGiving — The OpenTrust (matched by registered charity number).

Structured financials (annual return, FY ending 31/12/2022)

Total income
£1.2m
Total spending
£804k
Cost of raising funds
£491
Reserves (reported)
£0
Employees
0

Reported reserves equal ~0.0 months of spending — in the bottom quarter for charities its size (median 7.0 months; benchmarks).

Trustees

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

Operates in: Throughout England And Wales

Income and spending

Financial year endIncomeSpending
31/12/2024£299k£577k
31/12/2023£365k£862k
31/12/2022£1.2m£804k
31/12/2021£905k£917k
31/12/2020£703k£744k

Common questions

Is OPENTRUST financially healthy?

The accounts state that the charity reported a net outgoing resource of £496,829 for the year, resulting in a decrease in total net assets from £834,401 to £337,572. The unrestricted reserves stood at £32,854, while the charity maintains a policy of ensuring solvency by disbursing funds only when fully funded. The trustees expressed satisfaction with the financial position at year-end. Its FY2023 accounts were independently examined.

Who funds OPENTRUST?

Funders whose own accounts filings name OPENTRUST as a grant recipient include THE JOSEPH ROWNTREE CHARITABLE TRUST.

Known funders

Grants to this charity found in funders’ own accounts filings.

FunderYearAmount
THE JOSEPH ROWNTREE CHARITABLE TRUSTFY2023£117k

Funders of similar charities

Funders whose accounts show grants to charities similar to this one (and no recorded grant to this charity) — a starting list for fundraisers.

FunderSimilar charities fundedAmount to them
THE DIXON FOUNDATION1£65k
WHEELER MILL FOUNDATION1£59k
E F BULMER TRUST1£9k
CHAPMAN CHARITABLE TRUST1£3k

Charities like this

Semantically similar by activities and financial character, from our analysed corpus. Compare with THE RESOLUTION TRUST.