ONCA TRUST LIMITED
Financial health, per its FY2022 accounts
The accounts state that the charity reported a net expenditure deficit of £80,493 for the year ended 30 September 2022, resulting in unrestricted reserves falling to £23,587. The trustees note that the charity currently holds enough reserves to cover 4 months of core activities and have assessed major risks as being mitigated by existing systems. Per the trustees' report, the organization is working to become financially sustainable despite lower income from usual fundraising and trading sources.
What the accounts disclose
“The charity currently holds enough reserves to cover 4 months of core activities.” — page 6
“Trustee Jennifer Uchendu was paid £500 to host talks and workshops on eco anxiety.” — page 16
“Artist Bernard Kalu, husband of trustee Jennifer Uchendu, was paid £1,400 to complete a Enjoolata artist residency. Trustee Jennifer Uchendu was paid £500 to host talks and workshops on eco anxiety. No expenses were reimbursed to Trustees.” — page 16
“The ONCA Gallery Limited was a trading subsidiary of the ONCA Trust that was dissolved 18 October 2022.”
Trustees
- Amardeep Rai
- Jennifer Uchendu
- Jocelyn Paccha Turner Chuji
- Laura Jane Zajicek Coleman
- Sarah Persephone Pearl
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 29/03/2025 | £215k | £247k |
| 30/09/2023 | £143k | £164k |
| 30/09/2022 | £162k | £243k |
| 30/09/2021 | £246k | £201k |
| 30/09/2020 | £206k | £162k |
Common questions
Is ONCA TRUST LIMITED financially healthy?
The accounts state that the charity reported a net expenditure deficit of £80,493 for the year ended 30 September 2022, resulting in unrestricted reserves falling to £23,587. The trustees note that the charity currently holds enough reserves to cover 4 months of core activities and have assessed major risks as being mitigated by existing systems. Per the trustees' report, the organization is working to become financially sustainable despite lower income from usual fundraising and trading sources. Its FY2022 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE NGT FOUNDATION | 1 | £6.7m |
| THE MASTER CHARITABLE TRUST | 1 | £5.3m |
| THE ROTHSCHILD FOUNDATION | 1 | £980k |
| ASPEN TRUST | 1 | £105k |
| S P LOHIA FOUNDATION | 1 | £90k |
| THE VASEPPI TRUST | 1 | £75k |
| THE DIXON FOUNDATION | 1 | £65k |
| BACON FOUNDATION LTD | 1 | £60k |