AQUILA FAMILY CHARITABLE TRUST
Financial health, per its FY2025 accounts
The accounts state that unrestricted reserves decreased from £7,298,718 to £6,982,077 due to a net expenditure exceeding income and investment losses. The trustees maintain a policy of holding reserves sufficient to cover ongoing expenses and anticipated multi-year grants. The auditor confirmed that the use of the going concern basis of accounting is appropriate with no material uncertainties identified.
What the accounts disclose
“The current reserve policy of the trustees is to maintain reserves sufficient to cover ongoing expenses and anticipated multi-year grants.” — page 4
Structured financials (annual return, FY ending 31/03/2024)
Trustees
- NIGEL RICHARD HARRISchair
- JOSHUA MATTHEW HARRIS
- OLIVIA GRACE HARRIS
- TERESA JANE HARRIS
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £273k | £424k |
| 31/03/2024 | £615k | £358k |
| 31/03/2023 | £591k | £345k |
| 31/03/2022 | £3.7m | £342k |
| 31/03/2021 | £2.1m | £157k |
Common questions
Is AQUILA FAMILY CHARITABLE TRUST financially healthy?
The accounts state that unrestricted reserves decreased from £7,298,718 to £6,982,077 due to a net expenditure exceeding income and investment losses. The trustees maintain a policy of holding reserves sufficient to cover ongoing expenses and anticipated multi-year grants. The auditor confirmed that the use of the going concern basis of accounting is appropriate with no material uncertainties identified. Its FY2025 accounts were audited by Gibson Booth.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| C S KAUFMAN CHARITABLE TRUST | 1 | £71k |
| MOSDOS HATORAH PNEI MENACHEM LTD | 1 | £40k |