THE OLIVE TRUST
The Olive Trust seeks to support and empower individuals in mental health distress. Our main area of service delivery is to provide free, or low cost counselling and psychotherapy to anyone residing in Leicester/LLR.
Objects
THE RELIEF OF THOSE IN NEED, BY REASON OF YOUTH, AGE, ILL-HEALTH, DISABILITY, FINANCIAL HARDSHIP OR OTHER DISADVANTAGE.
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net deficit of £7,627 for the year, reducing its total funds to £32,554. The trustees note that remaining restricted funds will support operations for 10 months while they seek additional long-term funding. The charity maintains unrestricted reserves of £15,754, which exceeds its stated policy target of £9,000.
What the accounts disclose
“The trustees intend to maintain financial reserves of at least £9,000 held as unrestricted funds.” — page 8
“The remaining funds of £16,800 will allow the charity to continue the provision of counselling services for an additional period of 10 months during which time the charity hopes to secure additional funding for the long term.” — page 7
“Trustee-affiliated donations: Some financial support is received from businesses owned by trustees, demonstrating their ongoing commitment to the Trust’s mission and values.” — page 9
Policies the charity declares
- Bullying and harassment policy and procedures
- Campaigns and political activity policy and procedures
- Complaints handling
- Complaints policy and procedures
- Conflicting interests
- Engaging external speakers at charity events policy and procedures
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Investing charity funds policy and procedures
- Risk management
- Safeguarding policy and procedures
- Safeguarding vulnerable beneficiaries
- Serious incident reporting policy and procedures
- Social media policy and procedures
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
- Volunteer management
Trustees
- Junaid Vindhanichair
- Abdul Gaffar Rafiq Vindhani
- Billal Rafiq Vindhani
- Leah Hood
- Shazia Rashida Osman
- Tonia Punter-Ojong
- Zuber Rafiq Vindhani
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £29k | £37k |
| 31/12/2023 | £9k | £7k |
| 31/12/2022 | £277 | £663 |
| 31/12/2021 | £14k | £5k |
| 31/12/2020 | £2k | £5k |
Common questions
Is THE OLIVE TRUST financially healthy?
Per its FY2024 accounts: The accounts state that the charity reported a net deficit of £7,627 for the year, reducing its total funds to £32,554. The trustees note that remaining restricted funds will support operations for 10 months while they seek additional long-term funding. The charity maintains unrestricted reserves of £15,754, which exceeds its stated policy target of £9,000. Its FY2024 accounts were independently examined.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Community Fund | 15/01/2026 | £20k | The Olive Project |
| The National Lottery Community Fund | 27/09/2024 | £20k | The Olive Project |