THE GRANT BRADLEY CHARITABLE TRUST
Financial health, per its FY2024 accounts
The accounts state that the charity holds unrestricted reserves of £2,902,034 against total net assets of £2,907,007. The trustees report that the charity maintains sufficient free cash reserves to meet its obligations, aiming to hold one month's unrestricted charitable expenditure in the bank. The financial review confirms the trust has adequate resources for the foreseeable future to carry on its charitable operations and pay its debts as they fall due.
What the accounts disclose
“While we concur with management’s assessment that no material uncertainty exists regarding going concern since the likelihood of the refinancing not being agreed is considered remote, this is a matter of judgment which should be brought to the reader’s attention.” — page 9
Year-over-year changes
- Going concern: no going-concern doubt (FY2023) → going-concern doubt noted (FY2024).
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- REVEREND GREGORY ALEXANDER GRANTchair
- FIONA ELIZABETH BRADLEY
- Jismon Jose
- Paul Gaiger
- Rebecca Musarurwa
- TERRY COGGINS
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £808k | £400k |
| 31/12/2023 | £580k | £517k |
| 31/12/2022 | £423k | £335k |
| 31/12/2021 | £473k | £393k |
| 31/12/2020 | £456k | £354k |
Common questions
Is THE GRANT BRADLEY CHARITABLE TRUST financially healthy?
The accounts state that the charity holds unrestricted reserves of £2,902,034 against total net assets of £2,907,007. The trustees report that the charity maintains sufficient free cash reserves to meet its obligations, aiming to hold one month's unrestricted charitable expenditure in the bank. The financial review confirms the trust has adequate resources for the foreseeable future to carry on its charitable operations and pay its debts as they fall due. Its FY2024 accounts were audited by ML Audit LLP.