DUKE OF DEVONSHIRE'S CHARITABLE TRUST
Financial health, per its FY2025 accounts
The accounts state that total unrestricted funds decreased by £20,506 to £16,539,514, driven by charitable expenditure exceeding investment income, although the portfolio generated significant capital gains. The trustees report that assets are adequate to fulfill future obligations and the auditors confirmed no material uncertainties regarding the charity's ability to continue as a going concern.
What the accounts disclose
“No material reserves, beyond the investment portfolio, are retained. The Trustees only maintain cash reserves sufficient to be able to respond expeditiously to unexpected and urgent appeals for grant assistance.” — page 5
“The charity has a relationship with Chatsworth House Trust (registered charity number: 511149) of which the Duke of Devonshire and Earl of Burlington are Trustees. A donation of £83,648 was made during the year to Chatsworth House Trust (2023/24: £nil).” — page 22
“During the year, donations of £50,000 were made to the University of Derby, where Earl of Burlington is Chancellor (2023/24: £50,000). A further £150,000 has been pledged to the University of Derby to be paid annually in amounts of £50,000 over the next three years.” — page 22
“The charity has a relationship with Chatsworth House Trust (registered charity number: 511149) of which the Duke of Devonshire and Earl of Burlington are Trustees. A donation of £83,648 was made during the year to Chatsworth House Trust (2023/24: £nil).” — page 22
“During the year, donations of £50,000 were made to the University of Derby, where Earl of Burlington is Chancellor (2023/24: £50,000). A further £150,000 has been pledged to the University of Derby to be paid annually in amounts of £50,000 over the next three years.” — page 22
“The charity has a relationship with Chatsworth House Trust (registered charity number: 511149) of which the Duke of Devonshire and Earl of Burlington are Trustees. A donation of £83,648 was made during the year to Chatsworth House Trust (2023/24: £nil).” — page 22
“During the year, donations of £50,000 were made to the University of Derby, where Earl of Burlington is Chancellor (2023/24: £50,000). A further £150,000 has been pledged to the University of Derby to be paid annually in amounts of £50,000 over the next three years.” — page 22
Trustees
- DUCHESS OF DEVONSHIRE
- DUKE OF DEVONSHIRE PEREGRINE ANDREW MORNY CAVENDISH
- OLIVER GEORGE STEPHENSON MA HONS
- William Cavendish
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 05/04/2025 | £256k | £372k |
| 05/04/2024 | £226k | £266k |
| 05/04/2023 | £142k | £337k |
| 05/04/2022 | £119k | £279k |
| 05/04/2021 | £249k | £409k |
Common questions
Is DUKE OF DEVONSHIRE'S CHARITABLE TRUST financially healthy?
The accounts state that total unrestricted funds decreased by £20,506 to £16,539,514, driven by charitable expenditure exceeding investment income, although the portfolio generated significant capital gains. The trustees report that assets are adequate to fulfill future obligations and the auditors confirmed no material uncertainties regarding the charity's ability to continue as a going concern. Its FY2025 accounts were audited by Shorts.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| DINA PERELMAN TRUST LIMITED | 1 | £10k |