THE DOUGLAS BOMFORD TRUST
Financial health, per its FY2023 accounts
The accounts state that the Trust reported a net surplus of £187,576 for the year ended 31 March 2023, with total income of £336,730 and total expenditure of £149,154. Per the trustees' report, net current assets stood at £161,392, and the Trust holds significant long-term equity investments valued at £5,737,619. The trustees confirmed that a combination of intelligent budgeting and available reserves allows all commitments to be met.
What the accounts disclose
“Under normal conditions sufficient funds to cover at least the budgeted annual expenditure are held as a reserve in a deposit account.” — page 11
Trustees
- ANDREW CHARLES NEWBOLD
- Dr MARK Moore
- John Baines
- Julia Lucas
- Nicholas Wyvil August
- Prof Richmal Jane Timms
- Professor Simon Pearson
- Rebecca Louise Geraghty
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £167k | £206k |
| 31/03/2024 | £169k | £154k |
| 31/03/2023 | £337k | £149k |
| 31/03/2022 | £148k | £112k |
| 31/03/2021 | £169k | £157k |
Common questions
Is THE DOUGLAS BOMFORD TRUST financially healthy?
The accounts state that the Trust reported a net surplus of £187,576 for the year ended 31 March 2023, with total income of £336,730 and total expenditure of £149,154. Per the trustees' report, net current assets stood at £161,392, and the Trust holds significant long-term equity investments valued at £5,737,619. The trustees confirmed that a combination of intelligent budgeting and available reserves allows all commitments to be met. Its FY2023 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE AURORA TRUST | 1 | £87k |
| JOSEPH ROWNTREE FOUNDATION | 1 | £60k |
| THE MARK LEONARD TRUST | 1 | £40k |
| THE A TEAM FOUNDATION LIMITED | 1 | £20k |
| WESTMINSTER COLLEGE TRUST, OXFORD | 1 | £4k |