THE G D CHARITABLE TRUST
Financial health, per its FY2024 accounts
The accounts state that the Trust operates in a very low risk environment with no material uncertainties regarding going concern. Per the trustees' report, the Trust does not maintain significant unrestricted reserves, holding only £1,014 in the unrestricted fund against £4,867,385 in expendable endowment reserves. The Trust's policy is to spend investment income annually, resulting in a net expenditure for the year that was covered by investment gains and existing funds.
What the accounts disclose
Trustees
- GEORGE LINCOLN DUFFIELDchair
- ALEXANDER SEAMUS FITZGIBBONS
- NATASHA VELVET DUFFIELD
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £107k | £187k |
| 31/12/2023 | £91k | £114k |
| 31/12/2022 | £89k | £126k |
| 31/12/2021 | £72k | £34k |
| 31/12/2020 | £79k | £252k |
Common questions
Is THE G D CHARITABLE TRUST financially healthy?
The accounts state that the Trust operates in a very low risk environment with no material uncertainties regarding going concern. Per the trustees' report, the Trust does not maintain significant unrestricted reserves, holding only £1,014 in the unrestricted fund against £4,867,385 in expendable endowment reserves. The Trust's policy is to spend investment income annually, resulting in a net expenditure for the year that was covered by investment gains and existing funds. Its FY2024 accounts were independently examined.