CHERRYTREE
Supporting homeless young people aged between 16 and 21 to secure their own accommodation by providing them with temporary accommodation and support.
Financial health, per its FY2024 accounts
The accounts state that the charity achieved a surplus of £1,356 for the year, driven by net investment gains of £25,747 which offset charitable expenditure of £77,793 against income of £53,402. Per the trustees' report, unrestricted funds totalled £497,903, meeting the stated policy target of maintaining reserves equivalent to three months' expenditure. The charity holds significant designated funds of £1,081,282, primarily represented by fixed asset investments, to support future grants to its connected trading subsidiary.
What the accounts disclose
“The charity’s main funding source is investment income. This income of £40,550 was sufficient to meet the charity’s obligations on a fund-by-fund basis.” — page 4
“The charity’s policy is that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to three months’ expenditure.” — page 4
“During the year Cherrytree made grants of £59,832 (2023: £64,981) to CSS as a contribution towards its charitable expenditure costs. Cherrytree also paid CSS £62,237 during the year to help overcome cash flow difficulties.” — page 21
“CSS indirectly pays Cherrytree rent for property through a third party, which in the year amounted to £12,000 (2023: £12,000).” — page 21
“During the year Cherrytree made grants of £59,832 (2023: £64,981) to CSS as a contribution towards its charitable expenditure costs. Cherrytree also paid CSS £62,237 during the year to help overcome cash flow difficulties.” — page 21
“CSS indirectly pays Cherrytree rent for property through a third party, which in the year amounted to £12,000 (2023: £12,000).” — page 21
“During the year Cherrytree made grants of £59,832 (2023: £64,981) to CSS as a contribution towards its charitable expenditure costs. Cherrytree also paid CSS £62,237 during the year to help overcome cash flow difficulties.” — page 21
“CSS indirectly pays Cherrytree rent for property through a third party, which in the year amounted to £12,000 (2023: £12,000).” — page 21
“Cherrytree is connected to CSS (Registered charity number: 1096822 and Company registration number: 04625597). CSS is a company limited by guarantee of which Cherrytree is the sole member.” — page 5
Trustees
- Stephen Walkerchair
- Alan Stuart Brown
- JANICE KATHRYN HOOLE
- JOHN KENNETH FULLER
- Kathryn Grayson
- LIZ MURRAY
- MR JON DUNN
- Trevor Higginbottom
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £53k | £78k |
| 31/12/2023 | £56k | £133k |
| 31/12/2022 | £59k | £84k |
| 31/12/2021 | £61k | £106k |
| 31/12/2020 | £53k | £129k |
Common questions
Is CHERRYTREE financially healthy?
Per its FY2024 accounts: The accounts state that the charity achieved a surplus of £1,356 for the year, driven by net investment gains of £25,747 which offset charitable expenditure of £77,793 against income of £53,402. Per the trustees' report, unrestricted funds totalled £497,903, meeting the stated policy target of maintaining reserves equivalent to three months' expenditure. The charity holds significant designated funds of £1,081,282, primarily represented by fixed asset investments, to support future grants to its connected trading subsidiary. Its FY2024 accounts were independently examined.