THE SOUTH SQUARE TRUST
Financial health, per its FY2023 accounts
The accounts state that the charity's unrestricted funds decreased by £252,300 to £5,006,346, driven by a net investment loss of £145,717 and grant expenditures totaling £237,000. The trustees maintain a designated investment fund of £4,500,000 to generate future income, while free reserves stood at £506,346, which aligns with their stated target of approximately £500,000. The auditor confirmed that the going concern basis of accounting is appropriate with no material uncertainties identified.
What the accounts disclose
Register events
- Received assets from another charity (12/02/2020)
Trustees
- Christopher Paul Grimwadechair
- Andrew Charles Blessley
- Angela Margaret Cork
- Geoffrey Cale Matthews
- Richard Alexander Brand Inglis
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/07/2025 | £167k | £311k |
| 31/07/2024 | £169k | £422k |
| 31/07/2023 | £163k | £270k |
| 31/07/2022 | £169k | £258k |
| 31/07/2021 | £180k | £323k |
Common questions
Is THE SOUTH SQUARE TRUST financially healthy?
The accounts state that the charity's unrestricted funds decreased by £252,300 to £5,006,346, driven by a net investment loss of £145,717 and grant expenditures totaling £237,000. The trustees maintain a designated investment fund of £4,500,000 to generate future income, while free reserves stood at £506,346, which aligns with their stated target of approximately £500,000. The auditor confirmed that the going concern basis of accounting is appropriate with no material uncertainties identified. Its FY2023 accounts were audited by Knox Cropper LLP.
Who funds THE SOUTH SQUARE TRUST?
Funders whose own accounts filings name THE SOUTH SQUARE TRUST as a grant recipient include CHELSEA ACADEMY FOUNDATION.
Known funders
| Funder | Year | Amount |
|---|---|---|
| CHELSEA ACADEMY FOUNDATION | FY2023 | £351 |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| CLAN TRUST LIMITED | 1 | £8k |
| THE MILLICHOPE FOUNDATION | 1 | £3k |