THE TERN TRUST
To promote or carry out research, provide advice, publish or distribute information and/or make grants or loans of money and give to guarantees. To support, administer or set up other charities. To raise funds (but not by means of taxable trading). To borrow money and give security for loans. To acquire or hire property of any kind and let or dispose of property of any kind. To set aside funds...
Financial health, per its FY2025 accounts
The accounts state that the charity held unrestricted funds of £995,088 at the year end, having incurred a net deficit in funds of £66,092 due to investment losses. The trustees report that there is no need to retain reserves for future giving as the charity carries out no direct charitable activities and does not generally make commitments to future giving.
What the accounts disclose
“Income from quoted investments amounted to £25,021 (2024: £24,457) for the year. Total investment income for the year, including bank interest of £986 (2024: £831), was £26,007 (2024: £25,288).” — page 5
“As the charity carries out no direct charitable activities and does not generally make commitments to future giving, there is no need to retain reserves for this purpose.” — page 5
Structured financials (annual return, FY ending 05/04/2021)
Trustees
- Peter Hugh Henwood
- Rev Gillian Henwood
- Stephen Hugh Henwood
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 05/04/2025 | £26k | £46k |
| 05/04/2024 | £27k | £48k |
| 05/04/2023 | £22k | £11k |
| 05/04/2022 | £170k | £34k |
| 05/04/2021 | £714k | £17k |
Common questions
Is THE TERN TRUST financially healthy?
Per its FY2025 accounts: The accounts state that the charity held unrestricted funds of £995,088 at the year end, having incurred a net deficit in funds of £66,092 due to investment losses. The trustees report that there is no need to retain reserves for future giving as the charity carries out no direct charitable activities and does not generally make commitments to future giving. Its FY2025 accounts were independently examined.