FOUNDATIONS INDEPENDENT LIVING TRUST LIMITED
Financial health, per its FY2025 accounts
The accounts state that unrestricted free reserves decreased to £55,236 from £82,476 in the prior year, falling below the charity's stated policy target of three to six months of operating costs. The charity reported a net expenditure of £16,608 for the year, resulting in a reduction in total funds carried forward to £214,062. The independent examiner confirmed that the accounts give a true and fair view and no matters were identified that would cast doubt on the charity's ability to continue as a going concern.
What the accounts disclose
“The Trustees have established a policy whereby the unrestricted funds not committed or invested in tangible fixed assets, which are the free reserves of the Charity, should be between three and six months of general (unrestricted) operating costs.” — page 4
“During the year, management and consultancy fees of £14,066 (2024: £28,131) were paid to Astral PS Ltd, a company in which Jonathan Trigg (Trustee) and Paul Smith (Chief Executive) were directors in the year.” — page 17
“During the year, management and consultancy fees of £15,472 (2024: £Nil) were paid to Collective Enterprises Ltd, a company in which Jonathan Trigg (Trustee) and Paul Smith (Chief Executive) were directors in the year.” — page 17
“During the year, management and consultancy fees of £14,066 (2024: £28,131) were paid to Astral PS Ltd, a company in which Jonathan Trigg (Trustee) and Paul Smith (Chief Executive) were directors in the year.” — page 17
“During the year, management and consultancy fees of £15,472 (2024: £Nil) were paid to Collective Enterprises Ltd, a company in which Jonathan Trigg (Trustee) and Paul Smith (Chief Executive) were directors in the year.” — page 17
Trustees
- Jacqueline Winstanleychair
- Barbara Margaret Gildea
- Jonathan Trigg
- Nick Huston
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £330k | £346k |
| 31/03/2024 | £374k | £457k |
| 31/03/2023 | £494k | £454k |
| 31/03/2022 | £489k | £416k |
| 31/03/2021 | £337k | £333k |
Common questions
Is FOUNDATIONS INDEPENDENT LIVING TRUST LIMITED financially healthy?
The accounts state that unrestricted free reserves decreased to £55,236 from £82,476 in the prior year, falling below the charity's stated policy target of three to six months of operating costs. The charity reported a net expenditure of £16,608 for the year, resulting in a reduction in total funds carried forward to £214,062. The independent examiner confirmed that the accounts give a true and fair view and no matters were identified that would cast doubt on the charity's ability to continue as a going concern. Its FY2025 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE NEIGHBOURLY FOUNDATION | 1 | £1.6m |
| UK GIVES LTD | 1 | £21k |
| ROYAL DEVON UNIVERSITY HEALTHCARE NHS FOUNDATION TRUST CHARITY | 1 | £5k |
| HABITAT FOR HUMANITY GREAT BRITAIN | 1 | £4k |