ST OLAV TRUST
Christian bookshop and resource centre
Objects
A) TO ADVANCE THE CHRISTIAN FAITH IN THE UNITED KINGDOM AND IN SUCH OTHER PARTS OF THE WORLD AS THE TRUSTEES MAY FROM TIME TO TIME THINK FIT IN PARTICULAR BUT NOT EXCLUSIVELY BY THE PROVISION OF A CHRISTIAN BOOKSHOP.B) TO ADVANCE EDUCATION IN ACCORDANCE WITH CHRISTIAN PRINCIPLES IN THE UNITED KINGDOM AND IN SUCH OTHER PARTS OF THE WORLD AS THE TRUSTEES MAY FROM TIME TO TIME THINK FIT.
Financial health, per its FY2024 accounts
The accounts state that the charity reported a deficit for the year, reducing its unrestricted reserves from £33,705 to £25,696. While facing financial challenges typical of the retail sector, the trustees confirm there are no material uncertainties regarding the charity's ability to continue its activities. The charity does not currently have a formal reserves policy.
What the accounts disclose
“Charitable activities - bookshop 6 215,038 0 215,038 179,595” — page 10
“As with many charities and many retailers St Olav Trust is facing financial challenges but with trustee support there are no material uncertainties about the Charity's ability to continue its activities.” — page 11
“During 2021 a trustee made an interest free unsecured loan to the Charity. At 31 December 2024 the amount due to the trustee was £5,348 (2023 £5,348).” — page 17
“Donations from trustees and connected parties during the year totalled £14,118 (2023 £nil). Gift Aid of £3,530 (2023 £nil) is claimable on those donations.” — page 17
“During 2021 a trustee made an interest free unsecured loan to the Charity. At 31 December 2024 the amount due to the trustee was £5,348 (2023 £5,348).” — page 17
“Donations from trustees and connected parties during the year totalled £14,118 (2023 £nil). Gift Aid of £3,530 (2023 £nil) is claimable on those donations.” — page 17
Policies the charity declares
- Bullying and harassment policy and procedures
- Complaints handling
- Complaints policy and procedures
- Conflicting interests
- Engaging external speakers at charity events policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Investing charity funds policy and procedures
- Paying staff
- Risk management
- Serious incident reporting policy and procedures
- Social media policy and procedures
- Trustee conflicts of interest policy and procedures
Trustees
- Dr Mark Roger Mason
- Graham Herrington
- Ian James Crossley
- Simon Nicholas Davenport
- Sister Margaret Anne McAlister ASSP
- Trevor Ernest JAMES
- Victoria Leslie
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £235k | £243k |
| 31/12/2023 | £182k | £196k |
| 31/12/2022 | £141k | £159k |
| 31/12/2021 | £184k | £165k |
| 31/12/2020 | £146k | £131k |
Common questions
Is ST OLAV TRUST financially healthy?
Per its FY2024 accounts: The accounts state that the charity reported a deficit for the year, reducing its unrestricted reserves from £33,705 to £25,696. While facing financial challenges typical of the retail sector, the trustees confirm there are no material uncertainties regarding the charity's ability to continue its activities. The charity does not currently have a formal reserves policy. Its FY2024 accounts were independently examined.