SIGNIFICANCE
The activites of the charity are to advance, for the public benefit, the education (including social, physical, spiritual and mental development) of young people in the North East of England by making grants to other charities, ministries and organisations.
Financial health, per its FY2025 accounts
The accounts state that the charity holds unrestricted reserves of £84,042, which the trustees consider to be in a strong financial position given the minimal day-to-day running costs. The charity received £13,323 in unrestricted donations and fundraising income, while expenditure on charitable activities totaled £63,932. The trustees note that no formal reserves policy is currently necessary due to the low operational costs.
What the accounts disclose
Structured financials (annual return, FY ending 31/05/2023)
Trustees
- MARY HUGHESchair
- Anthony William Lawless
- Daniel Michael Cunningham
- Father Jeffrey John Dodds
- SARAH DONNELLY
- THOMAS DEANE
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/05/2025 | £53k | £64k |
| 31/05/2024 | £277k | £113k |
| 31/05/2023 | £597k | £212k |
| 31/05/2022 | £794k | £95k |
Common questions
Is SIGNIFICANCE financially healthy?
Per its FY2025 accounts: The accounts state that the charity holds unrestricted reserves of £84,042, which the trustees consider to be in a strong financial position given the minimal day-to-day running costs. The charity received £13,323 in unrestricted donations and fundraising income, while expenditure on charitable activities totaled £63,932. The trustees note that no formal reserves policy is currently necessary due to the low operational costs. Its FY2025 accounts were independently examined.
Who funds SIGNIFICANCE?
Funders whose own accounts filings name SIGNIFICANCE as a grant recipient include SISTERS OF MERCY SUNDERLAND.
Known funders
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| SISTERS OF MERCY SUNDERLAND | FY2021 | £8.8m | Initial donation to Significance, a registered Charitable Incorporated Organisation, set up to assist the Youth Ministry Trust (YMT) and provide grant funding t |
| SISTERS OF MERCY SUNDERLAND | FY2023 | £210k | final payment of the agreed donation to Significance, as part of a registered charitable Incorporated Organisation, set up to assist Youth Ministry Trust (YMT) |