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COULTER TRUST

Registered charity 1140396 · accounts filings on the Charity Commission register

Construction of homes of a reasonable standard for the elderly in the parish of St. Ouen in Jersey

Causes: Accommodation/housing · Grant history (this charity is a funder) · Get email alerts

Latest income
£222k
Latest spending
£73k
Registered
2011
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that unrestricted reserves stood at £5,751,840.31, which the trustees consider sufficient to cover management costs and respond to emergency grant applications. The charity reported a net movement in funds of £256,501.36, driven by investment gains, with no grants paid out during the year as it awaits planning consent.

Automated summary of the FY2024 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Reserves policy: sufficient funds to cover management and administration costs and to respond to emergency applications for grants (held: £5.8m)
“It is the policy of the charity to maintain unrestricted funds, which are the free reserves of the charity. There are sufficient funds to cover management and administration costs and to respond to emergency applications for grants which arise from time to time. Unrestricted funds were maintained at this level throughout the year.” — page 4
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Irwin Mitchell LLP is the solicitor and is the owner of the trustee company. The document states: 'Thomas Eggar Trust Corporation Limited (Trustee) is a trust company wholly owned by Irwin Mitchell LLP. During the period Irwin Mitchell LLP provided professional services to the Charity amounting to £14,328'
“Thomas Eggar Trust Corporation Limited (Trustee) is a trust company wholly owned by Irwin Mitchell LLP. During the period Irwin Mitchell LLP provided professional services to the Charity amounting to £14,328 (2023: £19,475.30). At the balance sheet date, nil (2023:nil) was outstanding in respect of these fees” — page 14
Per its FY2024 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit). Discloses 4 of 6 completeness components.

Trustees · trustee networks

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

Operates in: Jersey

Income and spending

Financial year endIncomeSpending
05/04/2025£222k£73k
05/04/2024£213k£41k
05/04/2023£186k£40k
05/04/2022£149k£38k
05/04/2021£131k£66k

Common questions

Is COULTER TRUST financially healthy?

Per its FY2024 accounts: The accounts state that unrestricted reserves stood at £5,751,840.31, which the trustees consider sufficient to cover management costs and respond to emergency grant applications. The charity reported a net movement in funds of £256,501.36, driven by investment gains, with no grants paid out during the year as it awaits planning consent. Its FY2024 accounts were independently examined.