CHILDS CHARITABLE TRUST
Financial health, per its FY2022 accounts
The accounts state that the Trust holds unrestricted reserves of £9,834,184, which the Trustees designate as 'permanent' to match the market value of fixed asset investments. The Trustees report that assets are adequate to fulfill obligations and have adopted the going concern basis of accounting with no identified material uncertainties. However, the Trust reported a net loss of £638,372 for the year, primarily driven by investment revaluations.
What the accounts disclose
“As all reserves are unrestricted and “free” reserves, it is the policy of the Trust that unrestricted funds should be designated to match the market value of fixed assets investments.” — page 5
“Trustee Melanie Churchyard received a salary of £50,010 (2021: £50,010) and employer pension contributions of £2,501 (2021: £2,501) during the year” — page 24
Structured financials (annual return, FY ending 31/12/2022)
Register events
- Received assets from another charity (20/07/2015)
Trustees
- Christopher Stephen Largechair
- Janice Masih Kalyan
- Melanie Churchyard
- Robert Martin Peake
- STEVE PUTTOCK
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £318k | £994k |
| 31/12/2023 | £359k | £832k |
| 31/12/2022 | £609k | £830k |
| 31/12/2021 | £379k | £774k |
| 31/12/2020 | £358k | £679k |
Common questions
Is CHILDS CHARITABLE TRUST financially healthy?
The accounts state that the Trust holds unrestricted reserves of £9,834,184, which the Trustees designate as 'permanent' to match the market value of fixed asset investments. The Trustees report that assets are adequate to fulfill obligations and have adopted the going concern basis of accounting with no identified material uncertainties. However, the Trust reported a net loss of £638,372 for the year, primarily driven by investment revaluations. Its FY2022 accounts were audited by Caladine Limited.