Charity Accounts Intelreading the accounts so you don’t have to

THE JESMOND TRUST

Registered charity 1193725 · accounts filings on the Charity Commission register

Latest income
£1.4m
Latest spending
£1.4m
Registered
2021
Accounts read
FY2024

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

Reserves position: below the charity's own stated reserves policy
“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
Per its FY2024 accounts as filed with the Charity Commission.

Accounts audited by Kinnair Associates Limited.

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

Total income
£1.4m
Total spending
£1.4m
Reserves (reported)
£835k
Employees
22

Reported reserves equal ~6.9 months of spending — above the median for charities its size (median 4.8 months; benchmarks).

Register events

Trustees

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

Operates in: Gateshead · Newcastle Upon Tyne City

Income and spending

Financial year endIncomeSpending
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?

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

Funders whose accounts show grants to charities similar to this one (and no recorded grant to this charity) — a starting list for fundraisers.

FunderSimilar charities fundedAmount to them
BANBURY CHARITIES1£9k

Charities like this

Semantically similar by activities and financial character, from our analysed corpus. Compare with JESMOND UNITED REFORMED CHURCH CHARITY.