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Q CHARITABLE TRUST

Registered charity 1186920 · accounts filings on the Charity Commission register

Latest income
£760k
Latest spending
£1.6m
Registered
2019
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that free reserves were a deficit of £930,620 as at 31 December 2024, compared to a deficit of £307,494 in the prior year. The trustees do not consider that the charity needs to maintain any significant free reserves given the availability of the expendable endowment fund. Total net assets less current liabilities stood at £41,831,059, supported by fixed asset investments valued at £42,409,916.

What the accounts disclose

Reserves position: below the charity's own stated reserves policy
“Given the availability of the expendable endowment fund the trustees do not consider that the charity needs to maintain any significant free reserves although they recognise that such reserves will arise from time to time. As at 31 December 2024 free reserves were a deficit of £930,620” — page 4
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Ludlow Trust Company Limited charged fees for administrative services amounting to £49,558 (2023: £88,221) were paid during the year, as shown in note 3. These fees are authorised under section 6 of the trust deed.
“Ludlow Trust Company Limited charged fees for administrative services amounting to £49,558 (2023: £88,221) were paid during the year, as shown in note 3. These fees are authorised under section 6 of the trust deed.” — page 19
Per its FY2024 accounts as filed with the Charity Commission.

Accounts audited by Blue Spire Limited.

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

Total income
£760k
Total spending
£1.6m
Cost of raising funds
£190k
Reserves (reported)
£0
Employees
0

Reported reserves equal ~0.0 months of spending — in the bottom quarter for charities its size (median 5.2 months; benchmarks).

Trustees

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

Operates in: Northern Ireland · Scotland · Throughout England And Wales

Income and spending

Financial year endIncomeSpending
31/12/2024£760k£1.6m
31/12/2023£1.7m£930k
31/12/2022£1.4m£773k
31/12/2021£2.0m£4.3m
17/09/2020£285k£270k

Common questions

Is Q CHARITABLE TRUST financially healthy?

The accounts state that free reserves were a deficit of £930,620 as at 31 December 2024, compared to a deficit of £307,494 in the prior year. The trustees do not consider that the charity needs to maintain any significant free reserves given the availability of the expendable endowment fund. Total net assets less current liabilities stood at £41,831,059, supported by fixed asset investments valued at £42,409,916. Its FY2024 accounts were audited by Blue Spire Limited.

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