THE EQUINOXE TRUST
Financial health, per its FY2024 accounts
The accounts state that the charity held negative unrestricted reserves of £325,759 at the year end, a significant improvement from the previous year's deficit of £1,178,621. The trustees confirmed the charity is a going concern, relying on further annual donations from the settlor to meet grant commitments. No employees were engaged during the year, and the charity received substantial donations from a related party trustee.
What the accounts disclose
“There was a negative balance of unrestricted funds at 31 May 2024 of £325,759 (2023: a negative balance of £1,178,621). The settlor and trustee Mr Kurt Björklund plans to make regular donations to the charity out of his available income to build up the charity's reserves.” — page 5
“During the year, the trustee, Mr Kurt Björklund, donated £572,219 (2023: £2,066,652) to the charity.” — page 4
Structured financials (annual return, FY ending 31/05/2025)
Trustees
- KURT ROLF RICHARD BJORKLUNDchair
- Dahlia Bjorklund
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/05/2025 | £785k | £208k |
| 31/05/2024 | £879k | £58k |
| 31/05/2023 | £2.6m | £4.2m |
| 31/05/2022 | £762k | £495k |
| 31/05/2021 | £1.0m | £656k |
Common questions
Is THE EQUINOXE TRUST financially healthy?
The accounts state that the charity held negative unrestricted reserves of £325,759 at the year end, a significant improvement from the previous year's deficit of £1,178,621. The trustees confirmed the charity is a going concern, relying on further annual donations from the settlor to meet grant commitments. No employees were engaged during the year, and the charity received substantial donations from a related party trustee. Its FY2024 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| BACON FOUNDATION LTD | 1 | £60k |
| SWIRE 2765 | 1 | £15k |