Charity Accounts Intelreading the accounts so you don’t have to

LOCAL TRUST

Registered charity 1147511 · accounts filings on the Charity Commission register

Latest income
£2.1m
Latest spending
£8.8m
Registered
2012
Accounts read
FY2023

Financial health, per its FY2023 accounts

The accounts state that total funds decreased to £38.3m from £56.9m in the prior year, driven by significant grant expenditure. The trustees and auditor confirm the organization is a going concern with adequate resources to continue operations for the foreseeable future, supported by secured funds through the end of the programme.

What the accounts disclose

Employees paid over £60,000: 8
“Eight employees, who were also the key management personnel, were remunerated over £60k in the year (2022: six employees)” — page 52
Per its FY2023 accounts as filed with the Charity Commission.
Reserves policy: £30k (held: £171k)
“There has been no change to the previous policy that a reserve of £30k should be retained to cover any unexpected costs.” — page 21
Per its FY2023 accounts as filed with the Charity Commission.
Related-party transaction: Local Trust paid Big Local Trust £139k for staff time and expenses.
“During the period April 2022 to March 2023, Local Trust paid Big Local Trust £139k for staff time and expenses spent on Local Trust activities, that were initially paid for through Big Local Trust (2022: 122k).” — page 53
“During the year to 31 March 2023, Big Local Trust paid IVAR £36k for evaluation and learning support during the period (2022: £63k).”
Per its FY2023 accounts as filed with the Charity Commission.
Related-party transaction: Big Local Trust paid IVAR £36k for evaluation and learning support. IVAR is associated with trustee David Warner.
“During the period April 2022 to March 2023, Local Trust paid Big Local Trust £139k for staff time and expenses spent on Local Trust activities, that were initially paid for through Big Local Trust (2022: 122k).” — page 53
“During the year to 31 March 2023, Big Local Trust paid IVAR £36k for evaluation and learning support during the period (2022: £63k).”
Per its FY2023 accounts as filed with the Charity Commission.
Related-party transaction: Big Local Trust paid Reform Research Trust £30k for APPG policy support. Reform Research Trust is directed by trustee Charlotte Pickles.
“During the period April 2022 to March 2023, Local Trust paid Big Local Trust £139k for staff time and expenses spent on Local Trust activities, that were initially paid for through Big Local Trust (2022: 122k).” — page 53
“During the year to 31 March 2023, Big Local Trust paid IVAR £36k for evaluation and learning support during the period (2022: £63k).”
Per its FY2023 accounts as filed with the Charity Commission.

Accounts audited by Moore Kingston Smith LLP.

Leadership, per the charity’s website

Listed on the charity’s own website when we last crawled it; roles may have changed. Pay-band disclosures above are anonymous statutory disclosures and are not attributed to any named individual.

Structured financials (annual return, FY ending 31/03/2025)

Total income
£2.1m
Total spending
£8.8m
Cost of raising funds
£15k
Reserves (reported)
£32k
Employees
62

Reported reserves equal ~0.0 months of spending — in the bottom quarter for charities its size (median 4.8 months; benchmarks).

Trustees

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

Operates in: Throughout England And Wales

Income and spending

Financial year endIncomeSpending
31/03/2025£2.1m£8.8m
31/03/2024£2.9m£17.5m
31/03/2023£1.8m£21.1m
31/03/2022£556k£26.2m
31/03/2021£1.3m£22.2m

Common questions

Is LOCAL TRUST financially healthy?

The accounts state that total funds decreased to £38.3m from £56.9m in the prior year, driven by significant grant expenditure. The trustees and auditor confirm the organization is a going concern with adequate resources to continue operations for the foreseeable future, supported by secured funds through the end of the programme. Its FY2023 accounts were audited by Moore Kingston Smith LLP.

Funders of similar charities

Funders whose accounts show grants to charities similar to this one (and no recorded grant to this charity) — a starting list for fundraisers.

FunderSimilar charities fundedAmount to them
THE GUILD ESTATE ENDOWMENT1£3.3m
COLLEGE ESTATE ENDOWMENT1£1.4m
POWER TO CHANGE TRUST1£529k
BRIDGE HOUSE ESTATES1£295k
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ALL HALLOWS BY THE TOWER WITH ST. DUNSTAN'S IN THE EAST, LONDON1£40k
THE FEDERATION OF GROUNDWORK TRUSTS1£32k
LLOYDS BANK FOUNDATION FOR ENGLAND & WALES1£20k
ATTEND1£11k

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