THE UNDERWOOD TRUST
Financial health, per its FY2025 accounts
The accounts state that total incoming resources were £1,396,274 against total expenditure of £773,854, resulting in a net movement in funds of £953,527. Per the trustees' report, unrestricted reserves at year-end were £nil, with all funds held in the expendable endowment totalling £35,373,656. The charity maintains a strong financial position with no current liabilities and adequate resources to continue in operational existence.
What the accounts disclose
“At the year-end £nil (2024: £Nil) of unrestricted funds were retained.” — page 7
Leadership, per the charity’s website
- Richard Bennison — Chairman
Structured financials (annual return, FY ending 05/04/2025)
Trustees
- BRIONY JANE WILSON
- RICHARD BENNISON
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 05/04/2025 | £1.4m | £774k |
| 05/04/2024 | £1.4m | £1.7m |
| 05/04/2023 | £1.6m | £1.6m |
| 05/04/2022 | £17.7m | £1.4m |
| 05/04/2021 | £963k | £678k |
Common questions
Is THE UNDERWOOD TRUST financially healthy?
The accounts state that total incoming resources were £1,396,274 against total expenditure of £773,854, resulting in a net movement in funds of £953,527. Per the trustees' report, unrestricted reserves at year-end were £nil, with all funds held in the expendable endowment totalling £35,373,656. The charity maintains a strong financial position with no current liabilities and adequate resources to continue in operational existence. Its FY2025 accounts were audited by David Owen & Co.