AGNES MARSDEN TRUST
The charity provides accommodation for elderly spinsters of Horsforth.
Financial health, per its FY2025 accounts
The accounts state that the charity reported a net deficit of £43,322 for the year ended 31 March 2025, resulting in a decrease in total funds from £111,220 to £67,898. The trustees maintain that the charity has adequate resources to continue as a going concern for the foreseeable future. Reserves are held at £67,898, which the trustees consider prudent to avoid the necessity of realising fixed assets.
What the accounts disclose
“The Trustee has reviewed the Charity’s needs for reserves in line with the guidance issued by the Charity Commission and considers it prudent that reserves should be sufficient to avoid the necessity to realise fixed assets.” — page 5
“During the year, the Charity was charged management fees of £6,485 (2024 £6,021) by 54 North Homes Limited whose board function as Trustee of the Charity. These fees were charged under normal commercial terms and any year-end balance due is shown as a debtor within the accounts of 54 North Homes Limited” — page 16
“54 North Homes Limited is the corporate trustee who are a subsidiary of Karbon Homes Group.” — page 4
Trustees
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £27k | £71k |
| 31/03/2024 | £26k | £16k |
| 31/03/2023 | £23k | £16k |
| 31/03/2022 | £23k | £17k |
| 31/03/2021 | £54k | £16k |
Common questions
Is AGNES MARSDEN TRUST financially healthy?
Per its FY2025 accounts: The accounts state that the charity reported a net deficit of £43,322 for the year ended 31 March 2025, resulting in a decrease in total funds from £111,220 to £67,898. The trustees maintain that the charity has adequate resources to continue as a going concern for the foreseeable future. Reserves are held at £67,898, which the trustees consider prudent to avoid the necessity of realising fixed assets. Its FY2025 accounts were independently examined.