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THE EXAIREO TRUST LIMITED

Registered charity 1125402 · accounts filings on the Charity Commission register · also known as THE PRIMROSE TRUST LIMITED · also registered in Scotland as SC050816 (OSCR)

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Latest income
£1.2m
Latest spending
£1.2m
Registered
2008
Accounts read
FY2023

Financial health, per its FY2023 accounts

The accounts state that the charity reported an operating deficit of £64,009 and a total comprehensive loss of £72,854 for the year ended 31 March 2023. The trustees anticipate a return to modest surpluses in coming financial years despite the current deficit. Free reserves decreased to £210,013, which is below the stated policy target of 25% of turnover.

What the accounts disclose

Reserves policy: 25% of turnover (held: £210k)
“The policy is for the Trust to grow and maintain its free reserves to 25% of turnover” — page 5
Per its FY2023 accounts as filed with the Charity Commission.
Related-party transaction: Mrs J Millman
“Mrs J Millman (Wife of the Chairman) During the year, Mrs J Millman received a salary of £14,950 (2022: £16,021).”
Per its FY2023 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit). Discloses 5 of 6 completeness components.

Public fundraising profile: JustGiving — Exaireo (matched by registered charity number).

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

Total income
£1.2m
Total spending
£1.2m
Reserves (reported)
£213k
Employees
36

Reported reserves equal ~2.1 months of spending — in the bottom quarter for charities its size (median 4.8 months; benchmarks).

Trustees

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

Operates in: Leicestershire · Norfolk

Income and spending

Financial year endIncomeSpending
31/03/2025£1.2m£1.2m
31/03/2024£1.2m£1.1m
31/03/2023£990k£1.1m
31/03/2022£977k£1.0m
31/03/2021£913k£785k

Common questions

Is THE EXAIREO TRUST LIMITED financially healthy?

The accounts state that the charity reported an operating deficit of £64,009 and a total comprehensive loss of £72,854 for the year ended 31 March 2023. The trustees anticipate a return to modest surpluses in coming financial years despite the current deficit. Free reserves decreased to £210,013, which is below the stated policy target of 25% of turnover. Its FY2023 accounts were independently examined.