O'HEA CHARITABLE TRUST
Charitable grants to organisations and projects which generally are known to trustees.
Objects
TO APPLY THE INCOME OF THE TRUST FUND AND WITH POWER TO APPLY ANY PART OF THE CAPITAL THEREOF TOWARDS SUCH CHARITABLE OBJECTS OR TO SUCH CHARITIES AND IN SUCH PROPORTIONS AS THE TRUSTEES SHALL FROM TIME TO TIME IN THEIR ABSOLUTE DISCRETION DETERMINE.
Financial health, per its FY2025 accounts
The accounts state that unrestricted reserves stood at £1,470,358, with a stated policy to retain reserves at their current level to maintain a regular income stream. The charity reported a net income for the year of £7,660, funded by investment income of £50,477 and charitable expenditure of £56,965. The trustees confirmed adequate resources for the foreseeable future, noting no material uncertainties regarding going concern.
What the accounts disclose
“It is their intention to retain reserves at their current level (adjusted if necessary for inflation) in order to maintain a regular income” — page 4
Policies the charity declares
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Investing charity funds policy and procedures
- Trustee expenses policy and procedures
Trustees
- JANE CORBISIEROchair
- CLARE GILCHRIST
- GILLIAN O'HEA
- PAUL O'HEA
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 05/04/2025 | £50k | £57k |
| 05/04/2024 | £52k | £47k |
| 05/04/2023 | £51k | £49k |
| 05/04/2022 | £45k | £48k |
| 05/04/2021 | £32k | £39k |
Common questions
Is O'HEA CHARITABLE TRUST financially healthy?
Per its FY2025 accounts: The accounts state that unrestricted reserves stood at £1,470,358, with a stated policy to retain reserves at their current level to maintain a regular income stream. The charity reported a net income for the year of £7,660, funded by investment income of £50,477 and charitable expenditure of £56,965. The trustees confirmed adequate resources for the foreseeable future, noting no material uncertainties regarding going concern. Its FY2025 accounts were independently examined.