GOSPEL PARTNERS TRUST
Financial health, per its FY2024 accounts
The accounts state that unrestricted reserves stood at £284,249, which the Trustees note is well above their usual low level of ongoing uncommitted reserves. The charity reported a net increase in resources of £71,178 for the year, funded by a 19% rise in donations to £390,878. While anticipated grants of £288,000 would theoretically reduce funds to a small deficit, the Trustees expect that not all potential repeat funding will be needed.
What the accounts disclose
“besides keeping prudent cash reserves up to £20,000 for a short period beyond the normal grant making cycle, the Trustees aim to run the Trust with a low level of ongoing uncommitted reserves.” — page 6
“During the year ended 31 December 2024 Trustees or companies controlled by Trustees donated a total of £12,375 (2023: £31,250) to the Trust.” — page 15
Trustees
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £393k | £322k |
| 31/12/2023 | £329k | £231k |
| 31/12/2022 | £236k | £229k |
| 31/12/2021 | £184k | £185k |
| 31/12/2020 | £186k | £218k |
Common questions
Is GOSPEL PARTNERS TRUST financially healthy?
The accounts state that unrestricted reserves stood at £284,249, which the Trustees note is well above their usual low level of ongoing uncommitted reserves. The charity reported a net increase in resources of £71,178 for the year, funded by a 19% rise in donations to £390,878. While anticipated grants of £288,000 would theoretically reduce funds to a small deficit, the Trustees expect that not all potential repeat funding will be needed. Its FY2024 accounts were independently examined.