THE GRAY TRUST
Financial health, per its FY2024 accounts
The accounts state that the charity holds unrestricted reserves of £4,737,527, which significantly exceeds its stated reserves policy target of approximately one year's unrestricted charitable expenditure (£342,324). The trustees confirm that the charity has adequate resources to continue in operational existence for the foreseeable future, with net assets totaling £5,605,620.
What the accounts disclose
“The Trustees aim to maintain cash reserves at a level which equates to approximately one year's unrestricted charitable expenditure.” — page 5
“Kirstin Thompson, trustee during the year, is an employee of Knights Plc solicitors. During the year £475 (2023:£495) was received by Knights Plc and related to specific legal points and advice provided by Kirstin Thompson outside of the usual trustee meetings.” — page 17
Register events
- Received assets from another charity (03/10/2024)
Trustees
- CLAIRE YVONNE MAY HARDSTAFF
- Ian David Griffiths
- Janet Diana Brothwell
- REV CANON KEITH HOWARD TURNER
- RICHARD JOHN PANNELL
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 05/04/2025 | £114k | £261k |
| 05/04/2024 | £116k | £342k |
| 05/04/2023 | £123k | £399k |
| 05/04/2022 | £0 | £0 |
| 05/04/2021 | £0 | £0 |
Common questions
Is THE GRAY TRUST financially healthy?
The accounts state that the charity holds unrestricted reserves of £4,737,527, which significantly exceeds its stated reserves policy target of approximately one year's unrestricted charitable expenditure (£342,324). The trustees confirm that the charity has adequate resources to continue in operational existence for the foreseeable future, with net assets totaling £5,605,620. Its FY2024 accounts were independently examined.