THE CARNELIAN TRUST
General purpose
Financial health, per its FY2025 accounts
The accounts state that unrestricted reserves were £Nil at the year end, which the Trustees consider to be in line with their policy given their ability to apply capital. The charity relies on investment income and transfers from its endowment fund to cover charitable expenditure, resulting in a net decrease in total funds for the year.
What the accounts disclose
“Investment income 9,217” — page 12
“The unrestricted income fund at 5th April 2025 was £Nil (2024 - £Nil) which is in line with the policy”
“Mrs D Fisher is a Principal Member of FisherLegal LLP, a firm of solicitors which raised invoices to the Trust for legal and administrative services rendered. Professional fees amounting to £6,721 (2024 - £5,754) were payable to FisherLegal LLP during the year. Creditors at the year end include £6,721 (2024 - £5,754) due to FisherLegal LLP.” — page 18
“During the year a grant of £15,000 (2024 - E£Nil) was paid to The Mukisa Project CIC. R T Chenevix Trench (a Trustee) is connected to The Mukisa Project CIC.” — page 18
“Mrs D Fisher is a Principal Member of FisherLegal LLP, a firm of solicitors which raised invoices to the Trust for legal and administrative services rendered. Professional fees amounting to £6,721 (2024 - £5,754) were payable to FisherLegal LLP during the year. Creditors at the year end include £6,721 (2024 - £5,754) due to FisherLegal LLP.” — page 18
“During the year a grant of £15,000 (2024 - E£Nil) was paid to The Mukisa Project CIC. R T Chenevix Trench (a Trustee) is connected to The Mukisa Project CIC.” — page 18
Trustees
- RICHARD TRENCHchair
- Alison Melanie Chenevix-Trench
- DEBORAH FISHER
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 05/04/2025 | £84k | £84k |
| 05/04/2024 | £58k | £58k |
| 05/04/2023 | £26k | £26k |
| 05/04/2022 | £149k | £149k |
| 05/04/2021 | £131k | £131k |
Common questions
Is THE CARNELIAN TRUST financially healthy?
Per its FY2025 accounts: The accounts state that unrestricted reserves were £Nil at the year end, which the Trustees consider to be in line with their policy given their ability to apply capital. The charity relies on investment income and transfers from its endowment fund to cover charitable expenditure, resulting in a net decrease in total funds for the year. Its FY2025 accounts were independently examined.