THE TRUE COLOURS TRUST
Financial health, per its FY2025 accounts
The accounts state that the charity reported a planned deficit on unrestricted funds of £913,593, which was funded by a transfer from expendable endowment. Total net assets increased to £21.2 million, supported by significant cash deposits and investment portfolios. The trustees confirmed that resources are adequate to meet all commitments and identified no material uncertainties regarding the charity's ability to continue as a going concern.
What the accounts disclose
“The number of employees whose total employment benefits (excluding employer pension costs) for services provided to the Trust exceeded £60,000 was as follows: one employee who earned between £60,000 - £70,000” — page 36
“The number of employees whose total employment benefits (excluding employer pension costs) for services provided to the Trust exceeded £60,000 was as follows: one employee who earned between £60,000 - £70,000” — page 36
“Included in grant-related support costs is £9,858 payable for legal services to Broadfield Law UK LLP(2024: £8,220), a firm in which Mr D Flynn is a partner.” — page 39
“During the year to 5 April 2025, a net Gift Aid donation of £1,975,000 (2024: nil) was received from the Settlor who is a Trustee of The True Colours Trust.” — page 39
“Included in grant-related support costs is £9,858 payable for legal services to Broadfield Law UK LLP(2024: £8,220), a firm in which Mr D Flynn is a partner.” — page 39
“During the year to 5 April 2025, a net Gift Aid donation of £1,975,000 (2024: nil) was received from the Settlor who is a Trustee of The True Colours Trust.” — page 39
Leadership, per the charity’s website
- Lucy Sainsbury — Chair
- Catherine Korris — Head of Programmes
- Jo Ecclestone Ford — Strategic Lead
Structured financials (annual return, FY ending 05/04/2025)
Trustees
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 05/04/2025 | £3.4m | £1.9m |
| 05/04/2024 | £10.6m | £1.6m |
| 05/04/2023 | £3.0m | £2.5m |
| 05/04/2022 | £929k | £2.2m |
| 05/04/2021 | £1.9m | £3.5m |
Common questions
Is THE TRUE COLOURS TRUST financially healthy?
The accounts state that the charity reported a planned deficit on unrestricted funds of £913,593, which was funded by a transfer from expendable endowment. Total net assets increased to £21.2 million, supported by significant cash deposits and investment portfolios. The trustees confirmed that resources are adequate to meet all commitments and identified no material uncertainties regarding the charity's ability to continue as a going concern. Its FY2025 accounts were audited by Sayer Vincent LLP.
What does the highest-paid employee of THE TRUE COLOURS TRUST earn?
Per its FY2025 accounts, the highest-paid employee was in the £60,001 - £70,000 band, and 1 employees earned over £60,000.
Who funds THE TRUE COLOURS TRUST?
Funders whose own accounts filings name THE TRUE COLOURS TRUST as a grant recipient include THE GATSBY CHARITABLE FOUNDATION.
Shared trustees with funders
- LUCY ANYA SAINSBURY — trustee here and at THE GATSBY CHARITABLE FOUNDATION
Known funders
| Funder | Year | Amount |
|---|---|---|
| THE GATSBY CHARITABLE FOUNDATION | FY2024 | £10.0m |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| SF FOUNDATION | 1 | £33k |
| THE KNIGHTLAND FOUNDATION | 1 | £30k |