SOCIAL BUSINESS TRUST
Financial health, per its FY2024 accounts
The accounts state that unrestricted reserves of £650,092 significantly exceed the trustees' stated policy target of approximately £142k, which is defined as three months' core costs. The charity reported a net income surplus of £21,070 for the year, with cash balances increasing to £627,746, indicating strong liquidity and financial stability.
What the accounts disclose
“the charity should maintain a minimum level of unrestricted funds equivalent to approximately three months’ core costs as this would enable SBT to manage an unexpected disaster that would threaten our ability to continue as a going concern. At activity levels forecast for FY25, this implies the need to maintain a minimum level of funds of approximately £142k.”
“cash and in-kind services with values of £334,039 (FY23 £170,050) and £132 (FY23 nil) were provided to RetailTRUST and Shakespeare Schools ("Coram SSF") respectively. Paul Armstrong is a trustee of RetailTRUST, and both James Hadley and Guy Davies are trustees of Coram SSF.” — page 31
“cash and in-kind services with values of £334,039 (FY23 £170,050) and £132 (FY23 nil) were provided to RetailTRUST and Shakespeare Schools ("Coram SSF") respectively. Paul Armstrong is a trustee of RetailTRUST, and both James Hadley and Guy Davies are trustees of Coram SSF.” — page 31
“cash and in-kind services with values of £334,039 (FY23 £170,050) and £132 (FY23 nil) were provided to RetailTRUST and Shakespeare Schools ("Coram SSF") respectively. Paul Armstrong is a trustee of RetailTRUST, and both James Hadley and Guy Davies are trustees of Coram SSF.” — page 31
“cash and in-kind services with values of £334,039 (FY23 £170,050) and £132 (FY23 nil) were provided to RetailTRUST and Shakespeare Schools ("Coram SSF") respectively. Paul Armstrong is a trustee of RetailTRUST, and both James Hadley and Guy Davies are trustees of Coram SSF.” — page 31
Structured financials (annual return, FY ending 31/05/2025)
Trustees
- Larissa Joychair
- Anne Drakeford
- Guy Davies
- Harry Nicholson
- JAMES HADLEY
- Jan-Coos Geesink
- Madeleine Hale
- Michael Desmond Crossan
- PAUL RICHARD ARMSTRONG
- SIMON MILTON
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/05/2025 | £7.1m | £7.2m |
| 31/05/2024 | £8.6m | £8.6m |
| 31/05/2023 | £6.3m | £6.5m |
| 31/05/2022 | £4.3m | £4.1m |
| 31/05/2021 | £3.8m | £3.6m |
Common questions
Is SOCIAL BUSINESS TRUST financially healthy?
The accounts state that unrestricted reserves of £650,092 significantly exceed the trustees' stated policy target of approximately £142k, which is defined as three months' core costs. The charity reported a net income surplus of £21,070 for the year, with cash balances increasing to £627,746, indicating strong liquidity and financial stability. Its FY2024 accounts were audited by Sayer Vincent LLP.
Who funds SOCIAL BUSINESS TRUST?
Funders whose own accounts filings name SOCIAL BUSINESS TRUST as a grant recipient include THE PERMIRA FOUNDATION.
Known funders
| Funder | Year | Amount |
|---|---|---|
| THE PERMIRA FOUNDATION | FY2024 | £286k |
| THE PERMIRA FOUNDATION | FY2023 | £234k |
| THE PERMIRA FOUNDATION | FY2023 | £227k |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE JOSEPH ROWNTREE CHARITABLE TRUST | 1 | £117k |
| THE CRUCIBLE FOUNDATION | 1 | £20k |
| THE NISBET TRUST | 1 | £17k |
| THE IAN ASKEW CHARITABLE TRUST | 1 | £2k |
| CAREW POLE CHARITABLE TRUST | 1 | £1k |
| CHAPMAN CHARITABLE TRUST | 1 | £1k |