DOWNSIDE ABBEY GENERAL TRUST
Financial health, per its FY2022 accounts
The accounts state that the charity reported a net outgoing resource deficit of £3,295,598 for the year ended 30 September 2022, resulting in free reserves of £8,549,505. The trustees consider this level of reserves acceptable, noting it represents approximately 21 months' headroom at current levels, supported by a stable balance sheet and available banking facilities. The charity also disclosed a seasonal liquidity risk which is monitored through cash flow forecasting models.
What the accounts disclose
Structured financials (annual return, FY ending 30/09/2025)
Register events
- Received assets from another charity (17/12/2021)
- Received assets from another charity (17/12/2021)
- Received assets from another charity (17/12/2021)
- Received assets from another charity (17/12/2021)
- Received assets from another charity (03/02/2017)
Trustees
- Rev MARC DAVID BRUMWELL OSB
- Rev MARTIN JOSEPH BLANCO HOOD OSB
- Richard Bevan
- Right Rev Nicholas Philip Wetz OSB
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 30/09/2025 | £1.3m | £2.9m |
| 30/09/2024 | £1.4m | £1.7m |
| 30/09/2023 | £1.5m | £1.5m |
| 30/09/2022 | £1.2m | £4.9m |
| 30/09/2021 | £1.9m | £1.1m |
Common questions
Is DOWNSIDE ABBEY GENERAL TRUST financially healthy?
The accounts state that the charity reported a net outgoing resource deficit of £3,295,598 for the year ended 30 September 2022, resulting in free reserves of £8,549,505. The trustees consider this level of reserves acceptable, noting it represents approximately 21 months' headroom at current levels, supported by a stable balance sheet and available banking facilities. The charity also disclosed a seasonal liquidity risk which is monitored through cash flow forecasting models. Its FY2022 accounts were audited by Old Mill Audit Limited.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Heritage Fund | 12/06/2012 | £907k | "Downside Abbey Library, Beacon of Learning" |