THE LYNNE AND NIGEL ROSS CHARITABLE TRUST
Financial health, per its FY2024 accounts
The accounts state that unrestricted funds increased to £2,487,907, with the trustees confirming reserves are sufficient to cover management costs and emergency grants. The charity reported a net increase in funds of £12,544, driven by rental income and donations exceeding charitable expenditure and property management costs. The trustees maintain a going concern basis, citing adequate resources for the foreseeable future.
What the accounts disclose
“It is the policy of the Charity to maintain unrestricted funds (free reserves) at a level which is sufficient to cover management and administration costs and to respond to emergency applications for grants” — page 4
Trustees
- NIGEL ROSSchair
- LYNNE ROSS
- MARK HOWARD ROSS
- PAUL SIMON ROSS
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 05/04/2025 | £284k | £246k |
| 05/04/2024 | £263k | £156k |
| 05/04/2023 | £245k | £273k |
| 05/04/2022 | £277k | £192k |
| 05/04/2021 | £205k | £135k |
Common questions
Is THE LYNNE AND NIGEL ROSS CHARITABLE TRUST financially healthy?
The accounts state that unrestricted funds increased to £2,487,907, with the trustees confirming reserves are sufficient to cover management costs and emergency grants. The charity reported a net increase in funds of £12,544, driven by rental income and donations exceeding charitable expenditure and property management costs. The trustees maintain a going concern basis, citing adequate resources for the foreseeable future. Its FY2024 accounts were independently examined.