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THE CARPENTER'S ARMS (MIDLANDS) TRUST

Registered charity 1147791 · accounts filings on the Charity Commission register · also known as CARPENTER'S ARMS, THE CARPENTER'S ARMS TRUST

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Latest income
£1.8m
Latest spending
£1.7m
Registered
2012
Accounts read
FY2025

Financial health, per its FY2025 accounts

The accounts state that unrestricted funds are in a deficit of £269,999, which is below the trustees' stated reserves policy target of £300,000. The charity reports total income of £1,837,606 against expenditure of £1,692,962, resulting in a net surplus for the period, though the overall fund balance remains negative due to prior years' deficits.

What the accounts disclose

Reserves position: below the charity's own stated reserves policy
“At year end this was not met due to the financial challenges of the last year and purchase of the property in 2022.” — page 7
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: The charity is connected to Homes for the Homeless Ltd through a number of Trustees in common. Phase 1 and Phase 3 of the programme are carried out at properties rented from Homes for the Homeless.
“The charity is connected to Homes for the Homeless Ltd through a number of Trustees in common. Phase 1 and Phase 3 of the programme are carried out at properties rented from Homes for the Homeless.” — page 8
“Mr Richard Spence, the CEO, is the son of Mrs Judith Spence who is a trustee of the charity. His remuneration amounts to £55,430 (2024 - £47,960) plus pension contributions of £1,663 (2024 - £1,417).” — page 23
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Mr Richard Spence, the CEO, is the son of Mrs Judith Spence who is a trustee of the charity. His remuneration amounts to £55,430 plus pension contributions of £1,663.
“The charity is connected to Homes for the Homeless Ltd through a number of Trustees in common. Phase 1 and Phase 3 of the programme are carried out at properties rented from Homes for the Homeless.” — page 8
“Mr Richard Spence, the CEO, is the son of Mrs Judith Spence who is a trustee of the charity. His remuneration amounts to £55,430 (2024 - £47,960) plus pension contributions of £1,663 (2024 - £1,417).” — page 23
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: A company owned by a trustee, Mr G Schulz, provided accounting and professional services during the year amounting to £5,535.
“The charity is connected to Homes for the Homeless Ltd through a number of Trustees in common. Phase 1 and Phase 3 of the programme are carried out at properties rented from Homes for the Homeless.” — page 8
“Mr Richard Spence, the CEO, is the son of Mrs Judith Spence who is a trustee of the charity. His remuneration amounts to £55,430 (2024 - £47,960) plus pension contributions of £1,663 (2024 - £1,417).” — page 23
Per its FY2025 accounts as filed with the Charity Commission.

Accounts audited by Baldwin Scofield Ltd. Discloses 5 of 6 completeness components.

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

Total income
£1.8m
Total spending
£1.7m
Reserves (reported)
£0
Employees
43

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: Leicestershire

Income and spending

Financial year endIncomeSpending
31/03/2025£1.8m£1.7m
30/06/2024£2.0m£1.9m
30/06/2023£1.6m£1.6m
30/06/2022£1.6m£1.6m
30/06/2021£1.6m£1.6m

Common questions

Is THE CARPENTER'S ARMS (MIDLANDS) TRUST financially healthy?

The accounts state that unrestricted funds are in a deficit of £269,999, which is below the trustees' stated reserves policy target of £300,000. The charity reports total income of £1,837,606 against expenditure of £1,692,962, resulting in a net surplus for the period, though the overall fund balance remains negative due to prior years' deficits. Its FY2025 accounts were audited by Baldwin Scofield Ltd.