Gospel Support and Homes Trust Limited
Financial health, per its FY2022 accounts
The accounts state that the charity reported a net deficit of £31,270 for the year ended 31 December 2022, primarily due to unrealised losses on its investment portfolio exceeding net charitable income. Total reserves decreased slightly to £9,744,562, while unrestricted funds remained at £9,566,179, which the trustees consider sufficient to maintain operations for the foreseeable future.
What the accounts disclose
“It is the policy of the Trust that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six months' expenditure.” — page 5
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- ANDREW FREDERICK JOHN NEDENchair
- Charles Hugo Wells Elgood
- George Phillip Roger Kay
- Juliet Maggs
- MELANIE BECKHAM
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £1.3m | £522k |
| 31/12/2023 | £1.3m | £521k |
| 31/12/2022 | £774k | £466k |
| 31/12/2021 | £1.1m | £461k |
| 31/12/2020 | £768k | £447k |
Common questions
Is Gospel Support and Homes Trust Limited financially healthy?
The accounts state that the charity reported a net deficit of £31,270 for the year ended 31 December 2022, primarily due to unrealised losses on its investment portfolio exceeding net charitable income. Total reserves decreased slightly to £9,744,562, while unrestricted funds remained at £9,566,179, which the trustees consider sufficient to maintain operations for the foreseeable future. Its FY2022 accounts were audited by Garside and Co. Limited.