WORCESTER COLLEGE OXFORD ENDOWMENT TRUST
Financial health, per its FY2021 accounts
The accounts state that the charity held unrestricted reserves of £9,705,235 against a policy target of two years of expenditure, indicating reserves materially exceed the stated minimum. The trustees and auditors confirm adequate resources for going concern with no material uncertainties identified. Total net assets increased to £15,264,262, supported by significant investment gains.
What the accounts disclose
“The trustees have reviewed the charity's need for reserves in line with the Charity Commission guidelines and have a policy of holding an amount equivalent to at least the last two years of expenditure as free reserves to protect against the risks of shortfalls in cash balances due to uncertainties in the timing of fundraising opportunities.” — page 5
Structured financials (annual return, FY ending 31/10/2024)
Trustees
- David Richard Loevnerchair
- BARRIE ATHERTON WIGMORE
- David Woods Kemper
- Dr John Scott Scullion
- Lord David Isaac
- Martin Paisner CBE MA LLM
- Sir Lindsay Owen Jones KBE
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/10/2024 | £1.2m | £679k |
| 31/10/2023 | £1.1m | £679k |
| 31/10/2022 | £1.1m | £654k |
| 31/10/2021 | £311k | £573k |
| 31/10/2020 | £297k | £1.1m |
Common questions
Is WORCESTER COLLEGE OXFORD ENDOWMENT TRUST financially healthy?
The accounts state that the charity held unrestricted reserves of £9,705,235 against a policy target of two years of expenditure, indicating reserves materially exceed the stated minimum. The trustees and auditors confirm adequate resources for going concern with no material uncertainties identified. Total net assets increased to £15,264,262, supported by significant investment gains. Its FY2021 accounts were audited by Critchleys Audit LLP.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE HDH WILLS 1965 CHARITABLE TRUST | 1 | £508k |
| JOHN LAING CHARITABLE TRUST | 1 | £85k |
| THE CHRISTOPHER LAING FOUNDATION | 1 | £50k |
| THE LANKELLYCHASE FOUNDATION | 1 | £10k |
| MILLS AND REEVE CHARITABLE TRUST | 1 | £6k |
| THE ADRIAN SWIRE CHARITABLE TRUST | 1 | £5k |
| THE BRANCH TRUST, CHIPPING NORTON (CIO) | 1 | £3k |