THE ARDEOLA CHARITABLE TRUST
Financial health, per its FY2025 accounts
The accounts state that the charity holds an expendable endowment fund and does not maintain significant free reserves, acknowledging that deficits may arise from transaction timing. Per the trustees' report, free reserves were a deficit of £1,676,873 as of 31 May 2025, compared to a surplus of £208,173 in the prior year. The trustees believe the level of funds held and expected income are sufficient to continue as a going concern.
What the accounts disclose
“Given the availability of the expendable endowment fund the trustees do not consider that the charity needs to maintain any significant free reserves and acknowledge that deficits will arise from time to time due to the timing of transactions.” — page 4
“Zedra Trust Company (UK) Limited charged fees for administrative services, as shown in note 4, totalling £17,984 (2024: £18,015) were payable in respect of administrative services and are included within note 4 between appointment and the reporting date. These fees are authorised under section 6 of the trust deed. At the balance sheet £5,671 (2024: £5,656) was prepaid in respect of these fees. During the year under review, donations received from the settlor trustees amounted to £517,661 (2024: £nil). The charity has no employees, all administration being carried out by the trustees. Other than the fees noted above, no remuneration was paid nor expenses reimbursed to trustees in the year under review.” — page 16
“During the year under review, donations received from the settlor trustees amounted to £517,661 (2024: £nil).” — page 16
“Zedra Trust Company (UK) Limited charged fees for administrative services, as shown in note 4, totalling £17,984 (2024: £18,015) were payable in respect of administrative services and are included within note 4 between appointment and the reporting date. These fees are authorised under section 6 of the trust deed. At the balance sheet £5,671 (2024: £5,656) was prepaid in respect of these fees. During the year under review, donations received from the settlor trustees amounted to £517,661 (2024: £nil). The charity has no employees, all administration being carried out by the trustees. Other than the fees noted above, no remuneration was paid nor expenses reimbursed to trustees in the year under review.” — page 16
“During the year under review, donations received from the settlor trustees amounted to £517,661 (2024: £nil).” — page 16
Structured financials (annual return, FY ending 31/05/2024)
Trustees
- GRAHAM ERIC BARKER
- JOANNA MARGARET BARKER
- Professor John Mark Cornwall
- Rachel Claire Henry
- William John Hiscocks
- Zedra Trust Company (UK) Limited
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/05/2025 | £483k | £2.4m |
| 31/05/2024 | £583k | £731k |
| 31/05/2023 | £939k | £813k |
| 31/05/2022 | £1.3m | £1.2m |
| 31/05/2021 | £917k | £963k |
Common questions
Is THE ARDEOLA CHARITABLE TRUST financially healthy?
The accounts state that the charity holds an expendable endowment fund and does not maintain significant free reserves, acknowledging that deficits may arise from transaction timing. Per the trustees' report, free reserves were a deficit of £1,676,873 as of 31 May 2025, compared to a surplus of £208,173 in the prior year. The trustees believe the level of funds held and expected income are sufficient to continue as a going concern. Its FY2025 accounts were audited by Blue Spire Limited.