THE FRAXINUS CHARITABLE TRUST
Financial health, per its FY2023 accounts
The accounts state that free reserves were £18,071 as of 24 October 2023, a decrease from £25,251 in the prior year. The trustees do not consider that the charity needs to maintain any significant free reserves given the availability of the expendable endowment fund. Total resources expended were £350,131, funded by incoming resources of £328,377 and transfers from capital.
What the accounts disclose
“Given the availability of the expendable endowment fund the trustees do not consider that the charity needs to maintain any significant free reserves although they recognise that such reserves may arise from time to time. As at 24 October 2023 free reserves were £18,071 (2022: £25,251).” — page 5
“During the year under review Ludlow Trust Company Limited charged the charity £22,702 (2022: £20,540) for administrative services with £1,346 (2022: £6,725) accrued at the balance sheet date. The Trust has no employees, all administration being carried out by the trustees. Other than the fees noted above, no remuneration was paid to nor expenses paid to or on behalf of any trustee during the year under review or the comparative year.” — page 14
Year-over-year changes
- Reserves position vs the charity's own policy moved from "above" (FY2022) to "below" (FY2023).
Structured financials (annual return, FY ending 24/10/2025)
Trustees
- Alexander Justinian Ash
- JUSTINIAN JOSEPH ASH
- Ludlow Trust Company Ltd
- Thomas Benedict Ash
- Victoria Ash
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 24/10/2025 | £618k | £591k |
| 24/10/2024 | £601k | £622k |
| 24/10/2023 | £328k | £350k |
| 24/10/2022 | £426k | £421k |
| 24/10/2021 | £338k | £374k |
Common questions
Is THE FRAXINUS CHARITABLE TRUST financially healthy?
The accounts state that free reserves were £18,071 as of 24 October 2023, a decrease from £25,251 in the prior year. The trustees do not consider that the charity needs to maintain any significant free reserves given the availability of the expendable endowment fund. Total resources expended were £350,131, funded by incoming resources of £328,377 and transfers from capital. Its FY2023 accounts were audited by Blue Spire Limited.