THE COTTON TREE TRUST
The charity helps asylum seekers to tell their stories both for therapeutic purposes and to help them with their claims for the right to remain in the UK. It also gives them and other refugees legal and practical advice and representation in relation to asylum claims and appeals, and gives other practical help and advice and support in relation to their lives in the UK.
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net deficit of £134,641 for the year ended 31 December 2024, resulting in a decrease in unrestricted reserves to £301,146. The trustees consider the retained reserves of over £300,000 to be prudent given current plans and commitments. While the charity has adequate resources to continue for the foreseeable future, its other activities are dependent on securing future funding beyond its initial start-up funds.
What the accounts disclose
“The trustees consider this to be a prudent reserve at this stage of the Charity’s development, having regard to our current plans re staffing, legal aid funding and other commitments for 2024-25.”
“During the year, the charity received a donation of £Nil (2023 - £5,000) from The Cotton Tree Trust Limited (registration number 1199748) having common trustees.” — page 24
Trustees
- Dr RUTH CIGMANchair
- George Goldstein
- Judith Favour Ahikire
- Michael Mark
- Ram Gudovitch
- Ruba Gbalang Sesay
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £57k | £191k |
| 31/12/2023 | £26k | £180k |
| 31/12/2022 | £34k | £188k |
| 31/12/2021 | £25k | £135k |
| 31/12/2020 | £29k | £92k |
Common questions
Is THE COTTON TREE TRUST financially healthy?
Per its FY2024 accounts: The accounts state that the charity reported a net deficit of £134,641 for the year ended 31 December 2024, resulting in a decrease in unrestricted reserves to £301,146. The trustees consider the retained reserves of over £300,000 to be prudent given current plans and commitments. While the charity has adequate resources to continue for the foreseeable future, its other activities are dependent on securing future funding beyond its initial start-up funds. Its FY2024 accounts were independently examined.