SHERBORNE HOUSE TRUST 2018
Financial health, per its FY2025 accounts
The accounts state that the charity reported a surplus of £1,132,915 for the year ended 31 March 2025, with total net assets of £5,349,820. Per the trustees' report, unrestricted reserves excluding fixed assets totalled £200,629, which is below the stated policy target of three months of operating costs. The charity relies on committed financial support from Mrs Sally Cannon through March 2027 to ensure ongoing delivery of its activities.
What the accounts disclose
“One employee earned between £70,000 - £79,999 (2024 – none).” — page 25
“One employee earned between £70,000 - £79,999 (2024 – none).” — page 25
“The trustees will aim to maintain unrestricted reserves sufficient to cover three months of operating costs.” — page 8
“During the period, Sherborne House Trust 2018 received donations totalling £1,005,000 from The Cannon Foundation (2024 - £5,880,000), and £nil from Canprop I Limited (2024 - £1,510,000). The Cannon Foundation and Canprop I Limited are charities or companies under the control of individuals who are Trustees of Sherborne House Trust 2018.” — page 32
“In addition, Trustees (past and current) gave donations to the charity in the period totalling £3,121,358 (2024 - £3,970,000).” — page 32
“During the period, Sherborne House Trust 2018 received donations totalling £1,005,000 from The Cannon Foundation (2024 - £5,880,000), and £nil from Canprop I Limited (2024 - £1,510,000). The Cannon Foundation and Canprop I Limited are charities or companies under the control of individuals who are Trustees of Sherborne House Trust 2018.” — page 32
“In addition, Trustees (past and current) gave donations to the charity in the period totalling £3,121,358 (2024 - £3,970,000).” — page 32
“During the period, Sherborne House Trust 2018 received donations totalling £1,005,000 from The Cannon Foundation (2024 - £5,880,000), and £nil from Canprop I Limited (2024 - £1,510,000). The Cannon Foundation and Canprop I Limited are charities or companies under the control of individuals who are Trustees of Sherborne House Trust 2018.” — page 32
“In addition, Trustees (past and current) gave donations to the charity in the period totalling £3,121,358 (2024 - £3,970,000).” — page 32
“The charity has one incorporated subsidiary, Sherborne House Enterprises Limited (Company Number: 13270147).” — page 5
Structured financials (annual return, FY ending 31/03/2025)
Trustees
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £5.6m | £2.2m |
| 31/03/2024 | £11.5m | £519k |
| 30/06/2023 | £7.4m | £277k |
| 30/06/2022 | £4.3m | £99k |
| 30/06/2021 | £325k | £9k |
Common questions
Is SHERBORNE HOUSE TRUST 2018 financially healthy?
The accounts state that the charity reported a surplus of £1,132,915 for the year ended 31 March 2025, with total net assets of £5,349,820. Per the trustees' report, unrestricted reserves excluding fixed assets totalled £200,629, which is below the stated policy target of three months of operating costs. The charity relies on committed financial support from Mrs Sally Cannon through March 2027 to ensure ongoing delivery of its activities. Its FY2025 accounts were audited by Xeinadin Audit Limited.
What does the highest-paid employee of SHERBORNE HOUSE TRUST 2018 earn?
Per its FY2025 accounts, the highest-paid employee was in the £70,001 - £80,000 band, and 1 employees earned over £60,000.