THE CROSS TRUST
Financial health, per its FY2025 accounts
The accounts state that the charity reported a net loss of £133,306 for the year, resulting in a decrease in unrestricted reserves from £623,762 to £490,456. The trustees consider the reserves policy target to be three to six months of governance and support costs, and the current free reserves of £490,456 are stated without explicit comparison to a specific monetary target derived from that policy. The auditor confirmed that the use of the going concern basis of accounting is appropriate with no material uncertainties identified.
What the accounts disclose
“The trustees aim to maintain free reserves equivalent to approximately three to six months of governance and support costs” — page 5
“During the year, Lord Michael Farmer, a trustee and director, donated £558,000 (2024: £50,000) to the charity. No restrictions or conditions were placed on these donations.” — page 20
“The Lady Farmer, a trustee and director, is also a trustee of Luckley House School Limited. During the year the charity made grants totalling £160,113 (2024: £158,977) to Luckley House School Limited.” — page 20
“During the year, Lord Michael Farmer, a trustee and director, donated £558,000 (2024: £50,000) to the charity. No restrictions or conditions were placed on these donations.” — page 20
“The Lady Farmer, a trustee and director, is also a trustee of Luckley House School Limited. During the year the charity made grants totalling £160,113 (2024: £158,977) to Luckley House School Limited.” — page 20
Structured financials (annual return, FY ending 05/04/2025)
Trustees
- Lord Michael Stahel Farmerchair
- Antonia Rose Rochefort Richards
- DOUGLAS JAMES OLSEN
- JENNY DOROTHY ROCHEFORT FARMER
- Melanie Sara Beckham
- Rev Michael Robert John Neville
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 05/04/2025 | £707k | £846k |
| 05/04/2024 | £95k | £1.4m |
| 05/04/2023 | £183k | £721k |
| 05/04/2022 | £4.7m | £4.5m |
| 05/04/2021 | £82k | £1.1m |
Common questions
Is THE CROSS TRUST financially healthy?
The accounts state that the charity reported a net loss of £133,306 for the year, resulting in a decrease in unrestricted reserves from £623,762 to £490,456. The trustees consider the reserves policy target to be three to six months of governance and support costs, and the current free reserves of £490,456 are stated without explicit comparison to a specific monetary target derived from that policy. The auditor confirmed that the use of the going concern basis of accounting is appropriate with no material uncertainties identified. Its FY2025 accounts were audited by SKS Audit LLP.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| LIFE CHURCH (CENTRAL ENGLAND) | 1 | £42k |
| CITY CHURCH ( CAMBRIDGE ) | 1 | £37k |
| KINGSGATE CHURCH TRUST | 1 | £30k |
| AYLSHAM COMMUNITY CHURCH | 1 | £24k |