RHODES TRUST - PUBLIC PURPOSES FUND
Latest income
£34.1m
Latest spending
£62.6m
Registered
1966
Accounts read
FY2025
Financial health, per its FY2025 accounts
The accounts state that net assets increased by £1.9m to £547.6m, with total resources expended at £62.6m. The charity holds £11.5m in free reserves, which the Trustees consider sufficient to meet present needs, while noting that the investment performance objective was not met for the year.
What the accounts disclose
Leadership, per the charity’s website
- Chrystia Freeland — Warden & CEO
- Professor Sir Rick Trainor KBE — Interim Warden and CEO
Funders the charity credits
- The Atlantic Philanthropies
- Schmidt Futures
- Mastercard Foundation
- Second Century Founders
- John McCall MacBain O.C.
Structured financials (annual return, FY ending 30/06/2025)
Total income
£43.2m
Total spending
£62.6m
Cost of raising funds
£6.7m
Reserves (reported)
£11.5m
Employees
150
Trustees
- Christopher George Oechsli
- Douglas Alexander Beck
- Dr Charlotte Mary Deane MBE
- Dr Tariro Makadzange
- Frederick Swaniker
- Michael Clifford Fitzpatrick
- Neeti Bhalla Johnson
- PROFESSOR OLADAPO OLADIPO OLAKUNLE AKANDE
- PROFESSOR SIR JOHN IRVING BELL
- Peter Stamos
- Professor Catherine Mary Elizabeth O'Regan
- Professor ELLEKE BOEHMER
- Robert Andrew Sternfels
- Robert Steven Harrison
- Samuel Andrew Banks
- Swati Mylavarapu
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 30/06/2025 | £34.1m | £62.6m |
| 30/06/2024 | £27.4m | £55.3m |
| 30/06/2023 | £18.9m | £49.8m |
| 30/06/2022 | £16.4m | £37.9m |
| 30/06/2021 | £23.0m | £29.0m |
Common questions
Is RHODES TRUST - PUBLIC PURPOSES FUND financially healthy?
The accounts state that net assets increased by £1.9m to £547.6m, with total resources expended at £62.6m. The charity holds £11.5m in free reserves, which the Trustees consider sufficient to meet present needs, while noting that the investment performance objective was not met for the year. Its FY2025 accounts were audited by Saffery LLP.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE MICHAEL BISHOP FOUNDATION | 1 | £226k |
| PRIMARY SCIENCE TEACHING TRUST | 1 | £30k |
| CLAN TRUST LIMITED | 1 | £8k |
| THE MILLICHOPE FOUNDATION | 1 | £3k |