Charity Accounts Intelreading the accounts so you don’t have to

SOUTH WEST GRID FOR LEARNING TRUST

Registered charity 1120354 · accounts filings on the Charity Commission register · also registered in Scotland as SC051351 (OSCR)

Get email alerts for this charity

Latest income
£2.3m
Latest spending
£2.2m
Registered
2007
Accounts read
FY2023

Financial health, per its FY2023 accounts

The accounts state that the charity reported net assets of £2,371,379 for the year ended 31 March 2023, representing a healthy balance sheet. The trustees confirmed that unrestricted reserves of £2,371,379 are reasonable and consistent with the Trust's objectives and reserves policy. The auditor concluded that there are no material uncertainties regarding the charity's ability to continue as a going concern.

What the accounts disclose

Reserves policy: consistent with its responsibilities and liabilities as an employer and to provide a resource to manage future risk (held: £2.4m)
“The Trust seeks to maintain a level of reserves which is consistent with its responsibilities and liabilities as an employer and to provide a resource to manage future risk in regard to changes in the operating environment.” — page 12
Per its FY2023 accounts as filed with the Charity Commission.

Accounts audited by Thompson Jenner LLP. Discloses 5 of 6 completeness components.

Structured financials (annual return, FY ending 31/03/2025)

Total income
£2.3m
Total spending
£2.2m
Reserves (reported)
£2.3m
Employees
36

Reported reserves equal ~12.7 months of spending — in the top quarter for charities its size (median 4.8 months; benchmarks).

Trustees

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

Operates in: Scotland · Throughout England

Income and spending

Financial year endIncomeSpending
31/03/2025£2.3m£2.2m
31/03/2024£2.1m£2.2m
31/03/2023£3.4m£3.2m
31/03/2022£3.6m£3.2m
31/03/2021£4.3m£4.1m

Common questions

Is SOUTH WEST GRID FOR LEARNING TRUST financially healthy?

The accounts state that the charity reported net assets of £2,371,379 for the year ended 31 March 2023, representing a healthy balance sheet. The trustees confirmed that unrestricted reserves of £2,371,379 are reasonable and consistent with the Trust's objectives and reserves policy. The auditor concluded that there are no material uncertainties regarding the charity's ability to continue as a going concern. Its FY2023 accounts were audited by Thompson Jenner LLP.