HARTSWOOD TRUST
Financial health, per its FY2022 accounts
The accounts state that the charity holds total funds of £5,079,639, comprising an expendable endowment of £5,045,933 and unrestricted general funds of £33,706. The trustees report adequate resources for the foreseeable future, noting that the reserves policy is currently being formed based on planned future activities. The charity incurred a net expenditure of £128,039 before investment gains, which were offset by a revaluation gain of £288,357.
What the accounts disclose
“The reserves policy of the Charity is currently being formed based on the planned charitable activities in future periods. The Trustees will always retain sufficient reserves to cover any expenses for the following year.” — page 5
“During the prior period, an expendable endowment donation of £4,261,386 was made to establish the Charity. This donation consisted of securities with a market value of £736,058 and the balance of capital, which were received from the Sutaria Charitable Trust.” — page 19
“Goods and services with a total cost of £26,435 were also paid in the prior period on behalf of the Charity by K Sutaria. The value of these goods and services has been recognised as a loan to the Charity. The loan is interest free and repayable on demand. As at the current year-end, the outstanding balance of this loan was £Nil.” — page 19
“During the prior period, an expendable endowment donation of £4,261,386 was made to establish the Charity. This donation consisted of securities with a market value of £736,058 and the balance of capital, which were received from the Sutaria Charitable Trust.” — page 19
“Goods and services with a total cost of £26,435 were also paid in the prior period on behalf of the Charity by K Sutaria. The value of these goods and services has been recognised as a loan to the Charity. The loan is interest free and repayable on demand. As at the current year-end, the outstanding balance of this loan was £Nil.” — page 19
“During the prior period, an expendable endowment donation of £4,261,386 was made to establish the Charity. This donation consisted of securities with a market value of £736,058 and the balance of capital, which were received from the Sutaria Charitable Trust.” — page 19
“Goods and services with a total cost of £26,435 were also paid in the prior period on behalf of the Charity by K Sutaria. The value of these goods and services has been recognised as a loan to the Charity. The loan is interest free and repayable on demand. As at the current year-end, the outstanding balance of this loan was £Nil.” — page 19
Structured financials (annual return, FY ending 31/03/2023)
Trustees
- Kerbad Sutariachair
- Michael John Haynes
- Sam Sutaria
- Sarah Louise Garrett
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £343k | £259k |
| 31/03/2024 | £116k | £203k |
| 31/03/2023 | £680k | £281k |
| 31/03/2022 | £46k | £174k |
| 31/03/2021 | £40k | £48k |
Common questions
Is HARTSWOOD TRUST financially healthy?
The accounts state that the charity holds total funds of £5,079,639, comprising an expendable endowment of £5,045,933 and unrestricted general funds of £33,706. The trustees report adequate resources for the foreseeable future, noting that the reserves policy is currently being formed based on planned future activities. The charity incurred a net expenditure of £128,039 before investment gains, which were offset by a revaluation gain of £288,357. Its FY2022 accounts were independently examined.