CODI TRUST LIMITED
Financial health, per its FY2024 accounts
The accounts state that the Trust incurred an operating deficit of £79,631 for the year ended 31 March 2024, primarily due to planned higher-value donations. Despite this deficit, the Trust holds unrestricted reserves of £253,199 and has no external borrowings, leading the Trustees to conclude there are adequate resources to continue as a going concern.
What the accounts disclose
“The policy sets a target level of reserves to be maintained equal to the expenditure in the most recent financial year.” — page 6
“Pobl Group provides company secretarial and accounting services to the Trust. The parent Association does not make a surplus on these transactions with the Trust.” — page 5
“In November 2023 the Group was subject to a cyber-attack leading to a period where access to certain systems was limited. In accordance with its obligations under UK GDPR, the company reported the cyber-attack to the Information Commissioner’s Office (ICO) within 72 hours.” — page 8
Register events
- Received assets from another charity (25/10/2016)
Trustees
- Ashleigh Handley
- Christopher Davies
- Dafydd Hellard
- Emily Victoria Saunders
- Gareth Rees
- Grant Nicholson
- James Hanford
- Lisa Hall
- Lynne Whistance
- Natalie Dupre
- Victoria Evans
- Victoria Leigh Eynon
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £198k | £191k |
| 31/03/2024 | £112k | £191k |
| 31/03/2023 | £129k | £43k |
| 31/03/2022 | £80k | £71k |
| 31/03/2021 | £74k | £8k |
Common questions
Is CODI TRUST LIMITED financially healthy?
The accounts state that the Trust incurred an operating deficit of £79,631 for the year ended 31 March 2024, primarily due to planned higher-value donations. Despite this deficit, the Trust holds unrestricted reserves of £253,199 and has no external borrowings, leading the Trustees to conclude there are adequate resources to continue as a going concern. Its FY2024 accounts were audited by KPMG LLP.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| E F BULMER TRUST | 1 | £9k |