CULLUM FAMILY TRUST
Latest income
£788k
Latest spending
£1.5m
Registered
2006
Accounts read
FY2025
Financial health, per its FY2025 accounts
The accounts state that total unrestricted reserves stood at £32,989,706, a decrease from the previous year's £33,908,585. The trustees confirm that sufficient income is generated from investments to maintain the ongoing grant-making programme, with no material uncertainties identified regarding the charity's ability to continue as a going concern.
What the accounts disclose
Highest-paid employee band: Under £60,000 — below the median for charities its size (£60k)
“No employee received remuneration amounting to more than £60,000 in either year.” — page 28
Per its FY2025 accounts as filed with the Charity Commission.
Reserves policy: Maintain or increase level of reserves (held: £33.0m)
“The aim is to maintain or increase the level of reserves and for donations to be made out of income.”
Per its FY2025 accounts as filed with the Charity Commission.
Payments to trustees: Trustees received remuneration amounting to £110,088 in the current year (2024: £87,823). Claire Cullum-Jay is remunerated in her capacity as Chief Executive and Simon Cullum for his research into further support that the Trust can provide.
“Trustees received remuneration amounting to £110,088 in the current year (2024: £87,823). Claire Cullum-Jay is remunerated in her capacity as Chief Executive and Simon Cullum for his research into further support that the Trust can provide.” — page 28
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Abi Cullum, daughter of Peter Cullum, received remuneration of £25,453 (2024: £24,832) for her services to the Trust.
“Abi Cullum, daughter of Peter Cullum, received remuneration of £25,453 (2024: £24,832) for her services to the Trust.” — page 33
“Claire Cullum-Jay, daughter of Peter Cullum, received remuneration of £31,817 (2024: £31,041) for her services to the Trust.” — page 33
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Claire Cullum-Jay, daughter of Peter Cullum, received remuneration of £31,817 (2024: £31,041) for her services to the Trust.
“Abi Cullum, daughter of Peter Cullum, received remuneration of £25,453 (2024: £24,832) for her services to the Trust.” — page 33
“Claire Cullum-Jay, daughter of Peter Cullum, received remuneration of £31,817 (2024: £31,041) for her services to the Trust.” — page 33
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Simon Cullum, son of Peter Cullum, received remuneration of £52,818 (2024: £51,530) for his services to the Trust.
“Abi Cullum, daughter of Peter Cullum, received remuneration of £25,453 (2024: £24,832) for her services to the Trust.” — page 33
“Claire Cullum-Jay, daughter of Peter Cullum, received remuneration of £31,817 (2024: £31,041) for her services to the Trust.” — page 33
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: The Trust invested £2,364,978 in the Bayes Entrepreneurship Investments 2016 LLP of which the Trust is a member.
“Abi Cullum, daughter of Peter Cullum, received remuneration of £25,453 (2024: £24,832) for her services to the Trust.” — page 33
“Claire Cullum-Jay, daughter of Peter Cullum, received remuneration of £31,817 (2024: £31,041) for her services to the Trust.” — page 33
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Peter Cullum owed the trust a balance of £52,000 at year end 2024, which was repaid in full post year end.
“Abi Cullum, daughter of Peter Cullum, received remuneration of £25,453 (2024: £24,832) for her services to the Trust.” — page 33
“Claire Cullum-Jay, daughter of Peter Cullum, received remuneration of £31,817 (2024: £31,041) for her services to the Trust.” — page 33
Per its FY2025 accounts as filed with the Charity Commission.
Corporate structure
- Registered company of the charity Companies House 06003552
Structured financials (annual return, FY ending 05/04/2025)
Total income
£788k
Total spending
£1.5m
Cost of raising funds
£124k
Reserves (reported)
£33.0m
Employees
4
Trustees
- PETER GEOFFREY CULLUMchair
- ANN CULLUM
- CLAIRE LOUISE CULLUM
- SIMON TIMOTHY CULLUM
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 05/04/2025 | £788k | £1.5m |
| 05/04/2024 | £489k | £1.5m |
| 05/04/2023 | £1.6m | £966k |
| 05/04/2022 | £914k | £1.8m |
| 05/04/2021 | £787k | £1.4m |
Common questions
Is CULLUM FAMILY TRUST financially healthy?
The accounts state that total unrestricted reserves stood at £32,989,706, a decrease from the previous year's £33,908,585. The trustees confirm that sufficient income is generated from investments to maintain the ongoing grant-making programme, with no material uncertainties identified regarding the charity's ability to continue as a going concern. Its FY2025 accounts were audited by Hurst Accountants Limited.
What does the highest-paid employee of CULLUM FAMILY TRUST earn?
Per its FY2025 accounts, the highest-paid employee was in the Under £60,000 band.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| JEREMY COLLER FOUNDATION | 1 | £230k |
| THE IMAM HUSSEIN FOUNDATION | 1 | £1k |