THE AVENUES TRUST GROUP
Financial health, per its FY2025 accounts
The accounts state that the group reported a small operational surplus of £74k for the year ended 31 March 2025, an improvement from the prior year's deficit. However, the group holds a free reserves deficit of £2,409k, which is below the board's stated policy target of £1.5m. The trustees consider the group a going concern, supported by post-year-end property sales and a reliance on a £1.5m bank overdraft facility.
What the accounts disclose
“The free reserves held at the balance sheet date remain below the target set by the Board and reserves policy.” — page 31
“Included in the parent charity's result for the year is a profit of £352k (2024: £175k) gifted by Avenues Management services Limited (AMSL) to the parent under the Deed of Covenant.” — page 44
“The Avenues Trust Group provides central support for each of its subsidiaries. The Group makes a charge for these central costs based on a blended ratio of group costs.” — page 80
“Included in the parent charity's result for the year is a profit of £352k (2024: £175k) gifted by Avenues Management services Limited (AMSL) to the parent under the Deed of Covenant.” — page 44
“The Avenues Trust Group provides central support for each of its subsidiaries. The Group makes a charge for these central costs based on a blended ratio of group costs.” — page 80
“Included in the parent charity's result for the year is a profit of £352k (2024: £175k) gifted by Avenues Management services Limited (AMSL) to the parent under the Deed of Covenant.” — page 44
“The Avenues Trust Group provides central support for each of its subsidiaries. The Group makes a charge for these central costs based on a blended ratio of group costs.” — page 80
“The consolidated balance sheet shows total group funds of £6.2m compared to £6.0m in March 2024. This includes the impact of the revaluation of the Social Housing Pension Scheme (SHPS) pension liability of £135k to a year-end balance of £961k.” — page 30
“Avenues Management Services Limited is a private limited company.”
Structured financials (annual return, FY ending 31/03/2025)
Register events
- Received assets from another charity (09/12/2016)
Trustees
- TERENCE RICHchair
- ALISTAIR BROWN
- JO LAND
- Luis Hui
- Nicola Ford
- Rina Pandya
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £67.2m | £67.1m |
| 31/03/2024 | £60.4m | £59.3m |
| 31/03/2023 | £49.9m | £51.7m |
| 31/03/2022 | £47.0m | £45.6m |
| 31/03/2021 | £46.7m | £45.5m |
Common questions
Is THE AVENUES TRUST GROUP financially healthy?
The accounts state that the group reported a small operational surplus of £74k for the year ended 31 March 2025, an improvement from the prior year's deficit. However, the group holds a free reserves deficit of £2,409k, which is below the board's stated policy target of £1.5m. The trustees consider the group a going concern, supported by post-year-end property sales and a reliance on a £1.5m bank overdraft facility. Its FY2025 accounts were audited by RSM UK Audit LLP.