THE BRANCH TRUST, CHIPPING NORTON (CIO)
Financial health, per its FY2022 accounts
The accounts state that total funds stood at £3,703,888 at the end of the year, comprising unrestricted, designated, and restricted funds. The trustees report that the charity has raised funds in excess of £63.96 million to secure and refurbish a community hub, with the build project noted as being on budget and on time. The financial position is supported by unrestricted funds of £670,900 and designated redevelopment funds of £3,521,567.
What the accounts disclose
“The reserves policy for the General Fund is to target holding three months of operational expenses in cash or liquid funds, to provide financial security against dips in monthly income.” — page 6
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- Bleddyn William Vaughan Reeschair
- Andrew Minson
- Dr Nicola Clare Levitt
- Graham Alan Povey
- James Shand
- Juliet Cordelia Loudon
- Timothy Richard Martin Woolcock
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £985k | £313k |
| 31/12/2023 | £1.3m | £184k |
| 31/12/2022 | £2.0m | £88k |
| 31/12/2021 | £2.0m | £166k |
Common questions
Is THE BRANCH TRUST, CHIPPING NORTON (CIO) financially healthy?
The accounts state that total funds stood at £3,703,888 at the end of the year, comprising unrestricted, designated, and restricted funds. The trustees report that the charity has raised funds in excess of £63.96 million to secure and refurbish a community hub, with the build project noted as being on budget and on time. The financial position is supported by unrestricted funds of £670,900 and designated redevelopment funds of £3,521,567. Its FY2022 accounts were audited by Bronsens.
Who funds THE BRANCH TRUST, CHIPPING NORTON (CIO)?
Funders whose own accounts filings name THE BRANCH TRUST, CHIPPING NORTON (CIO) as a grant recipient include THE MASTER CHARITABLE TRUST, ST MARY'S CHURCH, CHIPPING NORTON, PAROCHIAL CHURCH COUNCIL.
Shared trustees with funders
- Graham Alan Povey — trustee here and at ST MARY'S CHURCH, CHIPPING NORTON, PAROCHIAL CHURCH COUNCIL
Known funders
| Funder | Year | Amount |
|---|---|---|
| THE MASTER CHARITABLE TRUST | FY2022 | £651k |
| THE MASTER CHARITABLE TRUST | FY2023 | £280k |
| ST MARY'S CHURCH, CHIPPING NORTON, PAROCHIAL CHURCH COUNCIL | FY2023 | £101k |