THE PIECE HALL TRUST
Financial health, per its FY2025 accounts
The accounts state that the charity achieved a surplus of £356,700 for the year ended 29 September 2025, marking a financial turnaround from the previous period's deficit. However, the charity's unrestricted funds remain in a deficit of £2,602,272, which the trustees are committed to repaying in the medium to long term. The trustees confirm that sufficient resources exist to continue operating for the foreseeable future with no material uncertainties identified.
What the accounts disclose
“In the band £100,001 - £110,000 1”
“It is the intention of the Trustees to maintain unrestricted reserves of at least the value of three months salaries and overhead costs (currently forecast at £840,000).” — page 23
“During the year Piece Hall Enterprises Limited donated profits of £575,000 (2024 18 months: £518,000) to The Piece Hall Trust.” — page 62
“TPHT has a trading company, Piece Hall Enterprises Limited, a wholly-owned subsidiary of TPHT and a private limited company (no. 09761837).” — page 25
Structured financials (annual return, FY ending 29/09/2025)
Trustees
- Bryony Louise Bond
- Diane Joy Lawrence
- Jacqueline Palmer
- Josephine Thornton
- Mohammed Illiyas Jaffar
- Noor Ali
- Orphy Robinson
- Syima Aslam MBE
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 29/09/2025 | £5.2m | £4.8m |
| 29/09/2024 | £9.3m | £10.0m |
| 31/03/2023 | £6.8m | £6.7m |
| 31/03/2022 | £4.7m | £4.8m |
| 31/03/2021 | £2.6m | £2.8m |
Common questions
Is THE PIECE HALL TRUST financially healthy?
The accounts state that the charity achieved a surplus of £356,700 for the year ended 29 September 2025, marking a financial turnaround from the previous period's deficit. However, the charity's unrestricted funds remain in a deficit of £2,602,272, which the trustees are committed to repaying in the medium to long term. The trustees confirm that sufficient resources exist to continue operating for the foreseeable future with no material uncertainties identified. Its FY2025 accounts were audited by Sumer Auditco Limited.
What does the highest-paid employee of THE PIECE HALL TRUST earn?
Per its FY2025 accounts, the highest-paid employee was in the £100,001 - £110,000 band.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Heritage Fund | 06/07/2020 | £250k | "COVID19: The Piece Hall" |
| The National Lottery Heritage Fund | 05/03/2020 | £1.7m | "The Piece Hall’s Next Chapter: Building Resilience for a Sustainable Future" |