THE JESMOND TRUST
The Trust is concerned to see the advancement of the Christian Religion by the ministry of the clergy and other members of Jesmond Parish Church in and beyond the parish of Jesmond. It aims to provide physical facilities for such ministry and personnel. It makes payments to facilitate Christian work on Tyneside and beyond, and enables charitable giving to mission work.
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net deficit of £34,578 for the year, driven by a restricted deficit of £108,150 which outweighed an unrestricted surplus of £73,572. Total income decreased by 33% to £1,408,611, while total expenditure fell by 20% to £1,448,189. The charity holds unrestricted reserves of £1,915,387, which the trustees state are budgeted to be spent on needed work rather than held as long-term reserves.
What the accounts disclose
“The policy of the trustees on reserves has been that any unrestricted accumulated surplus will be budgeted to be spent on needed work. As a result, there have been no unrestricted long-term reserves apart from the value of the properties held by the Trust.” — page 8
Structured financials (annual return, FY ending 31/12/2024)
Register events
- Received assets from another charity (26/01/2026)
Trustees
- Dr William Sackville Tufton
- Fiona Jane Digby
- Gordon Macfadyen
- Hilary Louise Caisley
- Rachel Paula Charlesworth
- Richard John Frederic Ballard
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £1.4m | £1.4m |
| 31/12/2023 | £2.1m | £4.2m |
| 31/12/2022 | £0 | £0 |
| 31/12/2021 | £0 | £0 |
Common questions
Is THE JESMOND TRUST financially healthy?
Per its FY2024 accounts: The accounts state that the charity reported a net deficit of £34,578 for the year, driven by a restricted deficit of £108,150 which outweighed an unrestricted surplus of £73,572. Total income decreased by 33% to £1,408,611, while total expenditure fell by 20% to £1,448,189. The charity holds unrestricted reserves of £1,915,387, which the trustees state are budgeted to be spent on needed work rather than held as long-term reserves. Its FY2024 accounts were audited by Kinnair Associates Limited.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| BANBURY CHARITIES | 1 | £36k |
| THE UNITED REFORMED CHURCH ( NORTHERN PROVINCE) TRUST LTD. | 1 | £4k |
| THE ST MICHAELS AND ALL SAINTS CHARITY | 1 | £3k |
Charities like this
- JESMOND UNITED REFORMED CHURCH CHARITY
- Islington Gospel Trust Limited
- THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST GEORGE, JESMOND.
- PARISH OF EAST HAM, HOLY TRINITY
- THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH DORE
- JOHN JAMES CHARITABLE TRUST
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| THE JESMOND TRUST | £1.4m | — | 0 | below | — | no doubt |
| JESMOND UNITED REFORMED CHURCH CHARITY | £192k | — | 0 | above | — | no doubt |
| Islington Gospel Trust Limited | £240k | — | 0 | above | — | no doubt |
| THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST GEORGE, JESMOND. | £311k | — | 0 | unclear | — | no doubt |
| PARISH OF EAST HAM, HOLY TRINITY | £345k | — | 0 | unclear | — | no doubt |
| THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH DORE | £403k | — | 0 | above | — | no doubt |