THE ELIZABETH CASSON TRUST
Financial health, per its FY2025 accounts
The accounts state that the Trust reported an operating deficit of £117,361 for the year ended 31 August 2025, driven by charitable expenditure exceeding investment income. Despite this deficit, total unrestricted and endowment funds increased to £9,403,787, supported by net gains on investments of £179,552. The trustees confirmed that the use of the going concern basis of accounting is appropriate with no material uncertainties identified.
What the accounts disclose
“The Trust's medium to long term objective is to maintain, in real terms, an investment portfolio to generate sufficient income to fund its grant making and commissioning activities, and to cover its administration and operating costs.” — page 13
Trustees
- Adetokunbo Odutayo
- Caroline Lane
- Dr Charles Song Yau Chung
- Dr Matumo Motsielehi Catherine Ramafikeng
- Dr Rebecca Emily Khanna
- Dr Vimal Sriram
- Edward Olaniyi Vera-Cruz
- Helen Elizabeth Roberts
- Phillip Jasper James Lennon
- Professor Avril Elizabeth Roberta Drummond
- Professor Jane Melton
- Professor Yeliz Prior
- Samantha Louise Shann
- Sarah Maris-Shaw
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/08/2025 | £311k | £428k |
| 31/08/2024 | £299k | £334k |
| 31/08/2023 | £278k | £475k |
| 31/08/2022 | £267k | £363k |
| 31/08/2021 | £260k | £303k |
Common questions
Is THE ELIZABETH CASSON TRUST financially healthy?
The accounts state that the Trust reported an operating deficit of £117,361 for the year ended 31 August 2025, driven by charitable expenditure exceeding investment income. Despite this deficit, total unrestricted and endowment funds increased to £9,403,787, supported by net gains on investments of £179,552. The trustees confirmed that the use of the going concern basis of accounting is appropriate with no material uncertainties identified. Its FY2025 accounts were audited by Bronsens.