THE AURUM CHARITABLE TRUST
Financial health, per its FY2025 accounts
The accounts state that the charity's free reserves were £nil at the year-end, a position the trustees attribute to the timing of expenditure recognition and transfers from the endowment fund. The trustees' reserves policy is to distribute income arising in each financial year, and they do not consider significant free reserves necessary given the availability of the expendable endowment fund. Per the independent auditor's report, there are no material uncertainties relating to the charity's ability to continue as a going concern.
What the accounts disclose
“At 31 May 2025 the charity’s free reserves were £nil (2024: £nil). The nil balances at the balance sheet dates is the result of the timing of expenditure recognition and the transfer of funds from endowment to unrestricted funds.” — page 5
Structured financials (annual return, FY ending 31/05/2025)
Trustees
- Anthony Martin Mitchell
- ELIZABETH JANE JACK
- Isobel Mary Jack
- Patrick Barnaby Jack
- RODERICK DANIEL JACK
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/05/2025 | £1.8m | £1.8m |
| 31/05/2024 | £1.1m | £1.1m |
| 31/05/2023 | £1.1m | £1.1m |
| 31/05/2022 | £1.3m | £1.3m |
| 31/05/2021 | £10.6m | £940k |
Common questions
Is THE AURUM CHARITABLE TRUST financially healthy?
The accounts state that the charity's free reserves were £nil at the year-end, a position the trustees attribute to the timing of expenditure recognition and transfers from the endowment fund. The trustees' reserves policy is to distribute income arising in each financial year, and they do not consider significant free reserves necessary given the availability of the expendable endowment fund. Per the independent auditor's report, there are no material uncertainties relating to the charity's ability to continue as a going concern. Its FY2025 accounts were audited by Blue Spire Limited.