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SPIRITUALISTS' NATIONAL UNION TRUST

Registered charity 1182379 · accounts filings on the Charity Commission register · also known as SNU TRUST · also registered in Scotland as SC049738 (OSCR)

The Trust provides financial support for churches affiliated/associated with the Spiritualists'National Union for the advancement of the religion of Spiritualism for public benefit. The Trust provides advances to its member churches to finance the building of new (or repair of existing) church buildings, which provides a facility for members of the public to worship the religion of Spiritual

Causes: Religious Activities · website · Get email alerts

Latest income
£569k
Latest spending
£546k
Registered
2019
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that total unrestricted reserves stood at £4,997,080, with a stated policy target to maintain at least £250,000 for overheads. The charity reported a net income for the year of £1,031,558 and holds total assets of £13,739,635, though it notes a negative working capital position due to member deposits.

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

What the accounts disclose

Largest income source: Investment Income (54% of income)
“Investment Income 53.55%”
Per its FY2024 accounts as filed with the Charity Commission.
Reserves policy: at least £250,000 to cover overhead costs (held: £5.0m)
“The Trustees wish to maintain unrestricted funds of at least £250,000 to cover overhead costs.”
Per its FY2024 accounts as filed with the Charity Commission.
Trading subsidiary: Higginson Securities Limited
“The financial statements contain information about the Trust as an individual charity and do not consolidate the subsidiary undertaking, Higginson Securities Limited (a company limited by guarantee), on the basis that it is a dormant company.” — page 41
Per its FY2024 accounts as filed with the Charity Commission.

Accounts audited by PRICE BAILEY LLP. Discloses 5 of 6 completeness components.

Property (HM Land Registry)

4 registered titles in England and Wales held by the charity’s company or corporate body (4 freehold); recorded price paid £374k. All charity-held property. Contains HM Land Registry data © Crown copyright, OGL v3.0.

Structured financials (annual return, FY ending 31/12/2024)

Total income
£569k
Total spending
£546k
Cost of raising funds
£61k
Reserves (reported)
£5.0m
Employees
3

Reported reserves equal ~109.8 months of spending — in the top quarter for charities its size (median 5.2 months; benchmarks).

Register events

Trustees · trustee networks

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

Operates in: Scotland · Throughout England And Wales

Income and spending

Financial year endIncomeSpending
31/12/2024£569k£546k
31/12/2023£527k£461k
31/12/2022£481k£380k
31/12/2021£451k£356k
31/12/2020£411k£368k

Common questions

Is SPIRITUALISTS' NATIONAL UNION TRUST financially healthy?

Per its FY2024 accounts: The accounts state that total unrestricted reserves stood at £4,997,080, with a stated policy target to maintain at least £250,000 for overheads. The charity reported a net income for the year of £1,031,558 and holds total assets of £13,739,635, though it notes a negative working capital position due to member deposits. Its FY2024 accounts were audited by PRICE BAILEY LLP.