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CAROLINA TRUST

Registered charity 1109143 · accounts filings on the Charity Commission register

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Latest income
£1.2m
Latest spending
£1.1m
Registered
2005
Accounts read
FY2023

Financial health, per its FY2023 accounts

The accounts state that unrestricted funds decreased from £121,367 to £74,118 due to a net expenditure of £47,249 for the year. The trustees confirm that resources are adequate to continue as a going concern, with budgeted income and expenditure sufficient to cover operations. The charity relies heavily on grants from its parent entity, the University of North Carolina, which constituted the majority of its income.

What the accounts disclose

Related-party transaction: Grants received from parent entity
“During the year the Trust received grants totalling £703,005 (2022: £330,646) from University of North Carolina, which included £62,359 (2022: £8,693) of rental charges charged between the period of 1st May 2022 and 30th April 2023. During the year, the Trust transferred donations totalling £4,890 (2022: £0) to University of North Carolina” — page 22
Per its FY2023 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit). Discloses 3 of 6 completeness components.

Structured financials (annual return, FY ending 30/04/2025)

Total income
£1.2m
Total spending
£1.1m
Reserves (reported)
£0
Employees
3

Reported reserves equal ~0.0 months of spending — in the bottom quarter for charities its size (median 4.8 months; benchmarks).

Trustees

Trustee list from the Charity Commission register (current, not historical).

Operates in: Throughout England And Wales

Income and spending

Financial year endIncomeSpending
30/04/2025£1.2m£1.1m
30/04/2024£999k£1.1m
30/04/2023£769k£817k
30/04/2022£347k£310k
30/04/2021£161k£161k

Common questions

Is CAROLINA TRUST financially healthy?

The accounts state that unrestricted funds decreased from £121,367 to £74,118 due to a net expenditure of £47,249 for the year. The trustees confirm that resources are adequate to continue as a going concern, with budgeted income and expenditure sufficient to cover operations. The charity relies heavily on grants from its parent entity, the University of North Carolina, which constituted the majority of its income. Its FY2023 accounts were independently examined.