KT EDUCATIONAL CHARITABLE TRUST
Financial health, per its FY2024 accounts
The accounts state that the charity generated a net income of £106,000 for the year ended 31 December 2024, with total unrestricted funds of £6,577,000. Per the trustees' report, free reserves of £1,591,000 are considered adequate, representing approximately 1.8 times the net operating income. The charity holds significant programme-related investments valued at £23,800,000, secured by substantial bank loans.
What the accounts disclose
“The trustees regularly monitor the cash position of the charity to ensure that there are sufficient funds for capital projects and the running of the charity, including servicing the bank finance.” — page 5
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- ARNAUD VAISSIE
- Annabel Emma BLAIR
- Benjamin Jacques Andre Michel Vedrenne-Cloquet
- JACK MARIE HENRY DAVID BOWLES
- RICHARD FAIRBAIRN
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £1.9m | £1.8m |
| 31/12/2023 | £1.9m | £3.5m |
| 31/12/2022 | £1.9m | £1.8m |
| 31/12/2021 | £1.9m | £1.3m |
| 31/12/2020 | £1.9m | £1.1m |
Common questions
Is KT EDUCATIONAL CHARITABLE TRUST financially healthy?
The accounts state that the charity generated a net income of £106,000 for the year ended 31 December 2024, with total unrestricted funds of £6,577,000. Per the trustees' report, free reserves of £1,591,000 are considered adequate, representing approximately 1.8 times the net operating income. The charity holds significant programme-related investments valued at £23,800,000, secured by substantial bank loans. Its FY2024 accounts were audited by Buzzacott Audit LLP.