OLIVER HEATON TRUST
The Oliver Heaton Trust exists to to further such religious purposes in the THE PARISH OF SS PHILIP & JAMES WITH ST MARGARET IN THE CITY OF OXFORD as the Vicar and Churchwardens of the said parish shall in their absolute discretion think fit.The Trust provide funds for those purposes and administers the Oliver Heaton Bequest.
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net deficit of £606,803 for the year, driven by significant grants and capital losses on property sales. While unrestricted reserves are held on deposit to cover ongoing development costs, the trustees note that information is currently unavailable regarding the total funds required to complete the work.
What the accounts disclose
“Grants made in 2024 amounted to £709,378 (2023 £24,838).” — page 2
“At year end £577,061 was held on deposit account to cover the remains of St Margarets Church development costs. Information is not to hand at the date of writing as to how much will be required to complete the development.” — page 3
“At year end £577,061 was held on deposit account to cover the remains of St Margarets Church development costs. Information is not to hand at the date of writing as to how much will be required to complete the development.” — page 3
“Grants made in 2024 amounted to £709,378 (2023 £24,838). £48,090 resulted from a conversion of a 2023 loan for gutter repairs to a grant, £33,404 related to St Margarets Church activities while £627,882 related to a resumption of St Margarets Church development activity.”
Trustees
- Dr Hugh George Serieschair
- CHRISTOPHER ROBERT LEVICK
- Professor Richard Anthony Cooper
- Rev Daniel Walters
- Susan Alexandra Harris
- Thomas Philip Plant
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £72k | £709k |
| 31/12/2023 | £56k | £25k |
| 31/12/2022 | £88k | £173k |
| 31/12/2021 | £87k | £42k |
| 31/12/2020 | £88k | £79k |
Common questions
Is OLIVER HEATON TRUST financially healthy?
Per its FY2024 accounts: The accounts state that the charity reported a net deficit of £606,803 for the year, driven by significant grants and capital losses on property sales. While unrestricted reserves are held on deposit to cover ongoing development costs, the trustees note that information is currently unavailable regarding the total funds required to complete the work.