Charity Accounts Intelreading the accounts so you don’t have to

THE OLIVE TRUST

Registered charity 1181558 · accounts filings on the Charity Commission register

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.

Causes: General Charitable Purposes · Disability · The Prevention Or Relief Of Poverty · Economic/community Development/employment · website · Get email alerts

Latest income
£29k
Latest spending
£37k
Registered
2019
Accounts read
FY2024

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.

Automated summary of the FY2024 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Reserves policy: at least £9,000 held as unrestricted funds (held: £16k)
“The trustees intend to maintain financial reserves of at least £9,000 held as unrestricted funds.” — page 8
Per its FY2024 accounts as filed with the Charity Commission.
Going concern: noted by the trustees or auditor
“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
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Trustee-affiliated donations
“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
Per its FY2024 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit). Discloses 5 of 6 completeness components.

Trustees · trustee networks

Trustee list from the Charity Commission register (current, not historical).

Operates in: Leicester City · Leicestershire

Income and spending

Financial year endIncomeSpending
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.