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SOUTH KILBURN TRUST

Registered charity 1128515 · accounts filings on the Charity Commission register · also known as SOUTH KILBURN NEIGHBOURHOOD TRUST

Latest income
£138k
Latest spending
£328k
Registered
2009
Accounts read
FY2023

Financial health, per its FY2023 accounts

The accounts state that the charity had a net expenditure of £376,926 for the year, driven by higher-than-usual expenditure on strategic reviews and the cessation of a key funding agreement with the London Borough of Brent. Despite this loss, the charity holds total reserves of £3,911,676, with free reserves of £945, and the trustees consider these sufficient to continue operations and secure future viability.

What the accounts disclose

Reserves policy: twelve month's expenditure (held: £945)
“It is the policy of the Trust that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to twelve month's expenditure.” — page 7
Per its FY2023 accounts as filed with the Charity Commission.
Related-party transaction: Framework Agreement with London Borough of Brent; Council Directors serve as Trustees.
“there is an ongoing Framework Agreement between the Trust and the London Borough of Brent which sets out governance and constitutional agreements between the parties.”
Per its FY2023 accounts as filed with the Charity Commission.
Governance: The Independent Chair resigned in November 2022. The Independent Chair as a non-trustee remunerated position was not replaced.
“The Independent Chair resigned in November 2022. The Independent Chair as a non-trustee remunerated position was not replaced.” — page 5
“Three existing trustees resigned, and two new trustees were appointed.” — page 5
Per its FY2023 accounts as filed with the Charity Commission.
Governance: Three existing trustees resigned, and two new trustees were appointed.
“The Independent Chair resigned in November 2022. The Independent Chair as a non-trustee remunerated position was not replaced.” — page 5
“Three existing trustees resigned, and two new trustees were appointed.” — page 5
Per its FY2023 accounts as filed with the Charity Commission.
Governance: The Trust recognises that due to extenuating circumstances many of the trustees have been serving on the board longer than provided for in the Articles of Association.
“The Independent Chair resigned in November 2022. The Independent Chair as a non-trustee remunerated position was not replaced.” — page 5
“Three existing trustees resigned, and two new trustees were appointed.” — page 5
Per its FY2023 accounts as filed with the Charity Commission.

Accounts audited by Haines Watts, Chartered Accountants.

Trustees

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

Operates in: Brent

Income and spending

Financial year endIncomeSpending
31/03/2025£138k£328k
31/03/2024£239k£737k
31/03/2023£304k£681k
31/03/2022£406k£492k
31/03/2021£458k£532k

Common questions

Is SOUTH KILBURN TRUST financially healthy?

The accounts state that the charity had a net expenditure of £376,926 for the year, driven by higher-than-usual expenditure on strategic reviews and the cessation of a key funding agreement with the London Borough of Brent. Despite this loss, the charity holds total reserves of £3,911,676, with free reserves of £945, and the trustees consider these sufficient to continue operations and secure future viability. Its FY2023 accounts were audited by Haines Watts, Chartered Accountants.

Funders of similar charities

Funders whose accounts show grants to charities similar to this one (and no recorded grant to this charity) — a starting list for fundraisers.

FunderSimilar charities fundedAmount to them
TWO RIDINGS COMMUNITY FOUNDATION1£10k

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