JOHN A THOMPSON MEMORIAL TRUST
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net outgoing movement of funds of £20,277 for the year ended 31 December 2024, driven by increased energy costs and property repairs. Free unrestricted reserves stood at £80,991, which is below the trustees' stated policy target of maintaining three to six months of expenditure. The trustees acknowledge this position needs to be addressed and are working on a business plan to restore reserves.
What the accounts disclose
“This level of reserves has not been maintained throughout the year. The trustees recognise that this position needs to be addressed and are working on a business plan to ensure that the reserves are restored as quickly as possible.” — page 6
Trustees
- DIANE MARIE PEARSALL
- PAULINE BRENDA ROBINSON
- Peter Chatterley Jones
- Peter John Smithin
- SUZANNE EARDLEY-STIFF
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £421k | £442k |
| 31/12/2023 | £387k | £358k |
| 31/12/2022 | £353k | £336k |
| 31/12/2021 | £286k | £396k |
| 31/12/2020 | £277k | £306k |
Common questions
Is JOHN A THOMPSON MEMORIAL TRUST financially healthy?
The accounts state that the charity reported a net outgoing movement of funds of £20,277 for the year ended 31 December 2024, driven by increased energy costs and property repairs. Free unrestricted reserves stood at £80,991, which is below the trustees' stated policy target of maintaining three to six months of expenditure. The trustees acknowledge this position needs to be addressed and are working on a business plan to restore reserves. Its FY2024 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| HABITAT FOR HUMANITY GREAT BRITAIN | 1 | £40k |
| THE CHRISTOPHER LAING FOUNDATION | 1 | £15k |
| THE KIRBY LAING FOUNDATION | 1 | £5k |