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INCORPORATED TRUSTEES OF THE NUMBER 1 TRUST FUND

Registered charity 275353 · accounts filings on the Charity Commission register · also known as THE NO 1 TRUST FUND, THE NUMBER 1 TRUST FUND

TO FURTHER THE TEACHING AND PRACTICE OF THE CATHOLIC FAITH WITHIN THE CHURCH OF ENGLAND

Causes: Religious Activities · Grant history (this charity is a funder) · website · Get email alerts

Latest income
£392k
Latest spending
£397k
Registered
1978
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that unrestricted reserves amounted to £154,448, an increase from the previous year's £81,542. The charity reported a net outgoing resource of £4,900 for the year, supported by a £222,600 gain on the revaluation of financial investments. The trustees confirmed that adequate resources are available for the charity to continue in operational existence for the foreseeable future.

Automated summary of the FY2024 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Related-party transaction: Clerking services provided by St Andrew Holborn Trading Ltd, a company in which a trustee is a shareholder.
“Clerking services were provided by St Andrew Holborn Trading Ltd to the value of £1,800 (2023: nil). The Rt Revd Jonathan Baker is Chair of the St Andrew Holborn Guild Church Council and a Trustee of the St Andrew Holborn Church Foundation, which are equal shareholders in St Andrew Holborn Trading Ltd”
“A grant of £18,000 was made to Pusey House, Oxford (2023: £15,000). The Revd Dr George Westhaver is the Principal of Pusey House.”
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Grant to Pusey House, where a trustee is Principal.
“Clerking services were provided by St Andrew Holborn Trading Ltd to the value of £1,800 (2023: nil). The Rt Revd Jonathan Baker is Chair of the St Andrew Holborn Guild Church Council and a Trustee of the St Andrew Holborn Church Foundation, which are equal shareholders in St Andrew Holborn Trading Ltd”
“A grant of £18,000 was made to Pusey House, Oxford (2023: £15,000). The Revd Dr George Westhaver is the Principal of Pusey House.”
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Grant to Walsingham College Trust Association Ltd, of which two trustees are members.
“Clerking services were provided by St Andrew Holborn Trading Ltd to the value of £1,800 (2023: nil). The Rt Revd Jonathan Baker is Chair of the St Andrew Holborn Guild Church Council and a Trustee of the St Andrew Holborn Church Foundation, which are equal shareholders in St Andrew Holborn Trading Ltd”
“A grant of £18,000 was made to Pusey House, Oxford (2023: £15,000). The Revd Dr George Westhaver is the Principal of Pusey House.”
Per its FY2024 accounts as filed with the Charity Commission.

Accounts audited by Gravita Audit Oxford LLP. Discloses 4 of 6 completeness components.

Property (HM Land Registry)

10 registered titles in England and Wales held by the charity’s company or corporate body (10 freehold); recorded price paid £499k. All charity-held property. Contains HM Land Registry data © Crown copyright, OGL v3.0.

Structured financials (annual return, FY ending 31/12/2020)

Total income
£554k
Total spending
£573k
Reserves (reported)
£169k
Employees
0

Reported reserves equal ~3.5 months of spending — below the median for charities its size (median 7.0 months; benchmarks).

Per its annual return, cost of raising funds: 0.0% of total income — below the median for charities its size (2.9%) (benchmarks).

Register events

Trustees · trustee networks

Trustee list from the Charity Commission register (current, not historical).

Operates in: Throughout England And Wales

Income and spending

Financial year endIncomeSpending
31/12/2024£392k£397k
31/12/2023£383k£486k
31/12/2022£385k£633k
31/12/2021£368k£282k
31/12/2020£554k£573k

Common questions

Is INCORPORATED TRUSTEES OF THE NUMBER 1 TRUST FUND financially healthy?

Per its FY2024 accounts: The accounts state that unrestricted reserves amounted to £154,448, an increase from the previous year's £81,542. The charity reported a net outgoing resource of £4,900 for the year, supported by a £222,600 gain on the revaluation of financial investments. The trustees confirmed that adequate resources are available for the charity to continue in operational existence for the foreseeable future. Its FY2024 accounts were audited by Gravita Audit Oxford LLP.

Funders of similar charities

Funders whose accounts show grants to charities similar to this one (and no recorded grant to this charity) — a starting list for fundraisers.

FunderSimilar charities fundedAmount to them
NORFOLK COMMUNITY FOUNDATION1£26k
THE R C SNELLING CHARITABLE TRUST1£11k
THE GEOFFREY WATLING CHARITY1£10k
THE COSTA FAMILY CHARITABLE TRUST1£4k
CHARITIES ADMINISTERED IN CONNECTION WITH THE UNAFFILIATED CONGREGATIONAL CHURCHES1£3k

Charities like this

Semantically similar by activities and financial character, from our analysed corpus. Compare with CAREDUCATION TRUST LTD.

Side by side with its peers

CharityIncomeTop pay bandStaff >£60kReserves vs policyFundraising costGoing concern
INCORPORATED TRUSTEES OF THE NUMBER 1 TRUST FUND£392k—0unclear—no doubt
CAREDUCATION TRUST LTD FY2025£133k—0unclear—no doubt
THE EVANGELICAL FELLOWSHIP OF CONGREGATIONAL CHURCHES TRUST CORPORATION LIMITED FY2025£596k—0unclear—no doubt
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF HOLY TRINITY WITH SAINT MARY FY2024£440k—0unclear—no doubt
THE TEN CHARITABLE TRUST FY2025£589k—0above—no doubt
THE CORNERSTONE CHURCH GROUP FY2025£226k—0unclear—no doubt

Each row is that charity’s latest analysed filing; every value is quote-backed on its own page.