HERMES TRUST
Hermes Trust makes grants and loans to cultural, educational, medical and other charitable projects inspired by Rudolf Steiner's anthroposophy.
Financial health, per its FY2025 accounts
The accounts state that the Trust's financial position remains sound, with unrestricted funds totaling £1,162,589 and liquid assets exceeding those required by their liquidity policy. The trustees confirm that the charity is prepared on a going concern basis and have assessed risks to satisfaction. Basic running costs are covered by a stable income stream from lending capital, which exceeds costs by a margin of 213%.
What the accounts disclose
“As a funding charity which provides grants and loans, the Trust is able to ‘future-proof its income stream by depositing and lending out its own capital (circa £1,250,000 unrestricted and £400,000 restricted) such that the interest received covers basic office running costs with a high degree of predictability. Latterly, basic running costs have been covered by this stable income stream by a margin of some 213%,” — page 4
Trustees
- JEREMY SMITH
- MICHAEL FULLER
- Margaret Jonas
- Michael Balcombe
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2025 | £193k | £170k |
| 31/12/2024 | £153k | £247k |
| 31/12/2023 | £146k | £186k |
| 31/12/2022 | £111k | £153k |
| 31/12/2021 | £157k | £204k |
Common questions
Is HERMES TRUST financially healthy?
Per its FY2025 accounts: The accounts state that the Trust's financial position remains sound, with unrestricted funds totaling £1,162,589 and liquid assets exceeding those required by their liquidity policy. The trustees confirm that the charity is prepared on a going concern basis and have assessed risks to satisfaction. Basic running costs are covered by a stable income stream from lending capital, which exceeds costs by a margin of 213%. Its FY2025 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| PRISM THE GIFT FUND | 1 | £50k |
| MENPHYS LIMITED | 1 | £45k |
| THE HAPPY BABY COMMUNITY | 1 | £28k |
| MANOE FAMILY | 1 | £19k |
| THE REISNER CHARITABLE FOUNDATION LTD | 1 | £5k |
Charities like this
- THE EMERSON COLLEGE TRUST LIMITED
- THE A. H. TRUST
- GUERRAND HERMES FOUNDATION FOR PEACE
- THE HARAMEAD TRUST
- THE SUTASOMA TRUST
- HEARO TRUST FUND
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| HERMES TRUST | £193k | — | 0 | above | — | no doubt |
| THE EMERSON COLLEGE TRUST LIMITED | £1.9m | — | 0 | above | — | no doubt |
| THE A. H. TRUST | £359k | — | — | unclear | — | no doubt |
| GUERRAND HERMES FOUNDATION FOR PEACE | £808k | — | 0 | unclear | — | no doubt |
| THE HARAMEAD TRUST | £4.8m | — | 0 | unclear | — | no doubt |
| THE SUTASOMA TRUST | £134k | — | 0 | unclear | — | no doubt |