HERMES TRUST
Financial health, per its FY2022 accounts
The accounts state that the charity's financial position remains sound, with unrestricted reserves of £1,252,446 and a liquidity policy ensuring sufficient cash to cover worst-case liabilities. The trustees confirm that basic running costs are covered by a stable income stream from lending capital, with a margin of approximately 285%. No material uncertainties regarding the charity's ability to continue as a going concern were identified.
What the accounts disclose
“The trustees have performed a thorough assessment of the risks to which the Trust is/could be exposed, and are satisfied with the various ways in which these risks have been mitigated. All the Trust's borrowers must demonstrate financial viability, and most of the loans provided by the Trust are secured by charges over land and buildings.”
Trustees
- JEREMY SMITH
- MICHAEL FULLER
- Margaret Jonas
- Michael Balcombe
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £153k | £247k |
| 31/12/2023 | £146k | £186k |
| 31/12/2022 | £111k | £153k |
| 31/12/2021 | £157k | £204k |
| 31/12/2020 | £104k | £117k |
Common questions
Is HERMES TRUST financially healthy?
The accounts state that the charity's financial position remains sound, with unrestricted reserves of £1,252,446 and a liquidity policy ensuring sufficient cash to cover worst-case liabilities. The trustees confirm that basic running costs are covered by a stable income stream from lending capital, with a margin of approximately 285%. No material uncertainties regarding the charity's ability to continue as a going concern were identified. Its FY2022 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| CHARITWORTH LIMITED | 1 | £25k |
| MANOE FAMILY | 1 | £19k |
| THE HAPPY BABY COMMUNITY | 1 | £14k |
| THE REISNER CHARITABLE FOUNDATION LTD | 1 | £5k |