COWARD TRUST
"Educating and training young people in order to qualify them for the ministry of the Gospel among Protestant Dissenters" and for the support and service of the interest of Christ among the Protestant Dissenters as the trustees shall judge best.
Financial health, per its FY2025 accounts
The accounts state that the charity reported a net deficit of £2,386 for the year ended 31 March 2025, resulting in a decrease in bank balances from £65,180 to £62,795. Total assets decreased slightly from £1,252,226 to £1,260,833 (including liabilities), with the charity holding £34,406 in committed grants. The trustees maintain a policy of retaining cash reserves of no more than one quarter of annual income plus agreed future grants, and no fund is in deficit.
What the accounts disclose
“The trustees aim for income to balance expenditure while retaining a level of cash reserves of no more than one quarter of the annual income of the charity plus enough to cover agreed future grants.” — page 2
Trustees
- Catherine Booton Revd
- John Ellis
- Rev Michael Nathaniel Jagessar
- Rev Rosalind Harrisom
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £41k | £43k |
| 31/03/2024 | £44k | £30k |
| 31/03/2023 | £45k | £26k |
| 31/03/2022 | £38k | £27k |
| 31/03/2021 | £18k | £16k |
Common questions
Is COWARD TRUST financially healthy?
Per its FY2025 accounts: The accounts state that the charity reported a net deficit of £2,386 for the year ended 31 March 2025, resulting in a decrease in bank balances from £65,180 to £62,795. Total assets decreased slightly from £1,252,226 to £1,260,833 (including liabilities), with the charity holding £34,406 in committed grants. The trustees maintain a policy of retaining cash reserves of no more than one quarter of annual income plus agreed future grants, and no fund is in deficit. Its FY2025 accounts were independently examined.