FELIX THORNLEY COBBOLD AGRICULTURAL TRUST
Financial health, per its FY2025 accounts
The accounts state that total income for the year was £380,510, with net income and net movement in funds amounting to £56,661 after accounting for investment losses. The trustees report that free reserves (net current assets) were £167,209, though this effectively reduced to £22,346 after deducting contingent liabilities for future grant payments. The trustees and auditors confirm that resources are adequate to continue as a going concern with no material uncertainties identified.
What the accounts disclose
“At 31 March 2025, free reserves (being net current assets) amounted to £167,209. After deducting contingent liabilities of £144,863 for grants awarded, free reserves effectively amounted to £22,346 (2024: free reserves deficit £67,710).”
“The Trust paid a grant of £5,000 in the prior year to Suffolk Horse Society, a related party by virtue of the fact that J Wall, trustee, is Past President, and A Hawes, trustee, is a trustee of Suffolk Horse Society.” — page 25
“The Trust paid grants of £23,000 in the year to Suffolk Agricultural Association, a related party by virtue of the fact that R Baker, trustee, is a director of Suffolk Agricultural Association (2024: £15,500).” — page 25
“The Trust paid a grant of £5,000 in the prior year to Suffolk Horse Society, a related party by virtue of the fact that J Wall, trustee, is Past President, and A Hawes, trustee, is a trustee of Suffolk Horse Society.” — page 25
“The Trust paid grants of £23,000 in the year to Suffolk Agricultural Association, a related party by virtue of the fact that R Baker, trustee, is a director of Suffolk Agricultural Association (2024: £15,500).” — page 25
Trustees
- Alan John Hawes
- Christopher John Leney
- DR Eric Schmieder Ober
- JAMES FORREST
- JOHN DAVID FIELD
- JOHN WALL
- MR MIKE MAY HNC
- Pamela Jane Forbes
- Robert James Baker
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £381k | £281k |
| 31/03/2024 | £299k | £219k |
| 31/03/2023 | £275k | £239k |
| 31/03/2022 | £273k | £224k |
| 31/03/2021 | £261k | £156k |
Common questions
Is FELIX THORNLEY COBBOLD AGRICULTURAL TRUST financially healthy?
The accounts state that total income for the year was £380,510, with net income and net movement in funds amounting to £56,661 after accounting for investment losses. The trustees report that free reserves (net current assets) were £167,209, though this effectively reduced to £22,346 after deducting contingent liabilities for future grant payments. The trustees and auditors confirm that resources are adequate to continue as a going concern with no material uncertainties identified. Its FY2025 accounts were audited by Lovewell Blake LLP.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE AURORA TRUST | 1 | £87k |
| JOSEPH ROWNTREE FOUNDATION | 1 | £60k |
| THE MARK LEONARD TRUST | 1 | £40k |
| ALAN BOSWELL GROUP CHARITABLE TRUST | 1 | £25k |
| THE A TEAM FOUNDATION LIMITED | 1 | £20k |
| THE RED SOCKS CHARITABLE TRUST | 1 | £11k |
| LILIAN FRANCES HIND BEQUEST (TRUSTEES OF LADY HIND) | 1 | £5k |
| WESTMINSTER COLLEGE TRUST, OXFORD | 1 | £4k |