HEWER-WHITE TRUST
Financial health, per its FY2025 accounts
The accounts state that unrestricted reserves stood at £11,586,099 at the end of the financial year, a significant decrease from the prior year's £15,679,245 due largely to a £3.25 million revaluation loss on investment properties. The trustees report that reserves remain adequate to meet charitable commitments, despite the sale of a major income-generating property (Meadow Industrial Estate) which is expected to reduce net income by approximately £300,000 per annum. The auditor confirmed that the going concern basis of accounting is appropriate with no material uncertainties identified.
What the accounts disclose
“G. Gilmour is the partner of the director of Brooktech Maintenance Services Limited, a limited company which provides maintenance to several properties owned by the Trust. During the year, the Trust made payments of £72,436 (2024: £7,521) to Brooktech Maintenance Limited for property maintenance services.” — page 28
“A serious incident report was issued to the Charity Commission in June 2022. The Trust continues to work towards resolving the matter with the support of appropriate legal and financial advisors.” — page 7
“MGT Recoveries Ltd is a wholly owned subsidiary of Hewer-White Trust. MGT Recoveries was incorporated on 12 July 2024 and was dormant in the period to 31 March 2025” — page 29
Structured financials (annual return, FY ending 31/03/2025)
Register events
- Received assets from another charity (08/12/2022)
- Received assets from another charity (01/02/2016)
Trustees
- ANN WOOLGER
- CATHRYN SMITH
- JANE LOUISE ALLEN
- John Hanmer Allen
- Kevin Bezant
- Martin William Evans
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £965k | £1.1m |
| 31/03/2024 | £871k | £747k |
| 31/03/2023 | £989k | £1.1m |
| 31/12/2021 | £735k | £537k |
| 31/12/2020 | £3.4m | £485k |
Common questions
Is HEWER-WHITE TRUST financially healthy?
The accounts state that unrestricted reserves stood at £11,586,099 at the end of the financial year, a significant decrease from the prior year's £15,679,245 due largely to a £3.25 million revaluation loss on investment properties. The trustees report that reserves remain adequate to meet charitable commitments, despite the sale of a major income-generating property (Meadow Industrial Estate) which is expected to reduce net income by approximately £300,000 per annum. The auditor confirmed that the going concern basis of accounting is appropriate with no material uncertainties identified. Its FY2025 accounts were audited by Xeinadin Audit Limited.