THE QUICKEN TRUST
Financial health, per its FY2023 accounts
The accounts state that the charity reported a net deficit of £22,348 for the year ended 31 March 2023, resulting in total unrestricted reserves of £22,704. The trustees note that the donor base is shrinking and fundraising has been challenging due to economic factors and the pandemic, yet the charity remains dependent on voluntary giving to meet its obligations. Despite the deficit, the trustees confirm adequate resources for going concern and maintain a specific reserve fund of £25,000.
What the accounts disclose
“The Trust does seek to hold reserves to cover operating costs in the event of a significant fall in General fund giving equivalent to a level of at least 3 months core operating expenditure.”
Structured financials (annual return, FY ending 31/03/2022)
Trustees
- Janet Georgina Rowlinson
- Michelle Sarah Barnett
- SIMON BARNETT
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £440k | £413k |
| 31/03/2024 | £401k | £342k |
| 31/03/2023 | £402k | £404k |
| 31/03/2022 | £531k | £546k |
| 31/03/2021 | £617k | £598k |
Common questions
Is THE QUICKEN TRUST financially healthy?
The accounts state that the charity reported a net deficit of £22,348 for the year ended 31 March 2023, resulting in total unrestricted reserves of £22,704. The trustees note that the donor base is shrinking and fundraising has been challenging due to economic factors and the pandemic, yet the charity remains dependent on voluntary giving to meet its obligations. Despite the deficit, the trustees confirm adequate resources for going concern and maintain a specific reserve fund of £25,000. Its FY2023 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| C E K STERN CHARITABLE TRUST | 1 | £35k |