LEVERHULME TRADE CHARITIES TRUST
Latest income
£3.1m
Latest spending
£5.4m
Registered
2014
Accounts read
FY2024
Financial health, per its FY2024 accounts
The accounts state that unrestricted reserves stood at £106.6m, which the Trustees consider to be in line with their policy target of maintaining the real value of reserves over the long term. The charity reported a net asset position of £106.6m with no material uncertainties regarding its ability to continue as a going concern.
What the accounts disclose
Reserves policy: maintain the real value of the level of reserves over the long term (held: £106.6m)
“It is Trust policy to, at least, maintain the real value of the level of reserves over the long term and to maintain sufficient liquidity to meet its commitments.” — page 6
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: The Trust received dividend income of £1,835,000 from Unilever plc. Unilever plc is a company with a director in common with the Trust's Trustees. Graeme Pitkethly who became a Trustee in March 2024 was Chief Financial Officer at Unilever plc until 31 December 2023.
“In 2024, the Trust received dividend income of £1,835,000 from Unilever plc (2023: £3,055,408). Unilever plc is a company with a director in common with the Trust's Trustees. Graeme Pitkethly who became a Trustee in March 2024 was Chief Financial Officer at Unilever plc until 31 December 2023.” — page 20
“The Trust does not have any employees but a charge of £75,190 (2023: £73,000) is made by The Leverhulme Trust for staff time spent on the day to day administration of the Leverhulme Trade Charities Trust.” — page 20
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: The Trust was charged £75,190 by The Leverhulme Trust for staff time spent on administration. The Leverhulme Trust provides key management personnel to the charity.
“In 2024, the Trust received dividend income of £1,835,000 from Unilever plc (2023: £3,055,408). Unilever plc is a company with a director in common with the Trust's Trustees. Graeme Pitkethly who became a Trustee in March 2024 was Chief Financial Officer at Unilever plc until 31 December 2023.” — page 20
“The Trust does not have any employees but a charge of £75,190 (2023: £73,000) is made by The Leverhulme Trust for staff time spent on the day to day administration of the Leverhulme Trade Charities Trust.” — page 20
Per its FY2024 accounts as filed with the Charity Commission.
Leadership, per the charity’s website
- Professor Anna Vignoles CBE FBA — Director
- Elizabeth Dymond CBE FCA — Director of Finance
- Sam White AIAB — Assistant Director of Finance
Structured financials (annual return, FY ending 31/12/2025)
Total income
£3.1m
Total spending
£5.4m
Cost of raising funds
£121k
Reserves (reported)
£110.3m
Employees
0
Register events
- Received assets from another charity (11/12/2015)
Trustees
- Alan Jopechair
- Conny Helena Maria Braams
- Doug Baillie
- Graeme Pitkethly
- John Richard Slater
- Keith Weed
- Mhairi McEwan
- PROF KEITH GULL
- Paul McNicholl
- Quintin Rupert Salter Price
- Susan Bjorg Garrard
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2025 | £3.1m | £5.4m |
| 31/12/2024 | £2.3m | £2.8m |
| 31/12/2023 | £3.1m | £4.6m |
| 31/12/2022 | £3.0m | £2.7m |
| 31/12/2021 | £3.0m | £2.6m |
Common questions
Is LEVERHULME TRADE CHARITIES TRUST financially healthy?
The accounts state that unrestricted reserves stood at £106.6m, which the Trustees consider to be in line with their policy target of maintaining the real value of reserves over the long term. The charity reported a net asset position of £106.6m with no material uncertainties regarding its ability to continue as a going concern. Its FY2024 accounts were audited by PricewaterhouseCoopers LLP.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| JACK PETCHEY FOUNDATION | 1 | £24k |
| BEIS KOSOV | 1 | £2k |