TOUAREG TRUST
The provision and management of student accommodation
Financial health, per its FY2025 accounts
The accounts state that the charity incurred a net expenditure of £3,298,000 for the year ended 31 March 2025, primarily due to interest payable on loans and revenue project overhead costs. The trustees note a lack of free reserves, with unrestricted funds decreasing to £10,049,000, and rely on continued financial support from the parent entity, Notting Hill Genesis, to maintain going concern status.
What the accounts disclose
“Income of £206,000 (2024: £305,000) received during the year, is comprised of development acquisition allowance of £205,000 (2024: £303,000) calculated as a percentage of the capitalised project development costs.” — page 4
“The level of reserves available to the charity at 31 March 2025 amounting to £29,597,000 (2024: £32,895,000), is made up of revaluation reserves of £19,548,000 (2024: £19,548,000) and general reserves of £10,049,000 (2024: £13,347,000). General reserves is net of tangible fixed assets, current liabilities and revaluation reserves. The trustees are aware of the lack of free reserves but are of the view that the trust is a going concern due to the continued support of the ultimate parent and controlling party Notting Hill Genesis.”
“The trustees are aware of the lack of free reserves but are of the view that the trust is a going concern due to the continued support of the ultimate parent and controlling party Notting Hill Genesis.” — page 4
Property (HM Land Registry)
Structured financials (annual return, FY ending 31/03/2021)
Trustees
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £205k | £3.5m |
| 31/03/2024 | £305k | £3.1m |
| 31/03/2023 | £33k | £1.5m |
| 31/03/2022 | £426k | £0 |
| 31/03/2021 | £3.0m | £15.4m |
Common questions
Is TOUAREG TRUST financially healthy?
Per its FY2025 accounts: The accounts state that the charity incurred a net expenditure of £3,298,000 for the year ended 31 March 2025, primarily due to interest payable on loans and revenue project overhead costs. The trustees note a lack of free reserves, with unrestricted funds decreasing to £10,049,000, and rely on continued financial support from the parent entity, Notting Hill Genesis, to maintain going concern status. Its FY2025 accounts were audited by Crowe UK LLP.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| ARDINA LIMITED | 1 | £216k |
| BEIS MENACHEM CHABAD LUBAVITCH | 1 | £102k |
| YESBE LIMITED | 1 | £68k |
| MOUNDFIELD CHARITIES LIMITED | 1 | £50k |
| DONATING CHARITY LIMITED | 1 | £32k |
| THE KNIGHTLAND FOUNDATION | 1 | £30k |
| RINA CHARITABLE TRUST | 1 | £28k |
| THE BENZI DUNNER SCHOOLS TRUST | 1 | £27k |
Charities like this
- FHS TRUST LIMITED
- Notting Hill Genesis Community Foundation
- THE TRIANGLE TRUST 1949 FUND
- THE JG CHARITABLE TRUST
- As-Siraj Trust
- THE YESHIVAS OHEL SHIMON TRUST
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| TOUAREG TRUST | £205k | — | 0 | below | — | noted |
| FHS TRUST LIMITED | £1.9m | £60,001 - £70,000 | 1 | below | — | noted |
| Notting Hill Genesis Community Foundation | £746k | — | 0 | unclear | — | no doubt |
| THE TRIANGLE TRUST 1949 FUND | £846k | — | 0 | unclear | — | no doubt |
| THE JG CHARITABLE TRUST | £173k | — | 0 | unclear | — | no doubt |
| As-Siraj Trust | £807k | — | 0 | unclear | — | no doubt |