THE EXETER CANAL AND QUAY TRUST LIMITED
Registered charity 284163 · accounts filings on the Charity Commission register
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net expenditure of £251,787 for the year, resulting in a decrease in unrestricted funds from £3,690,283 to £3,438,496. The trustees consider the charity's assets to be adequate for its anticipated future obligations and note that the work is not dependent on volunteers. Per the independent auditors' report, there are no material uncertainties regarding the charity's ability to continue as a going concern.
What the accounts disclose
Reserves policy: in the region of the charity's annual expenditure (held: £986k)
“The Trustees believe that free reserves, i.e. those unrestricted funds which are not invested in the fixed assets or otherwise committed, should be in the region of the charity's annual expenditure.” — page 6
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Exeter City Council charged the charity for management services, rent, grants, legal fees, maintenance, and other services.
“In the year ended 31 March 2024 ECC charged the charity £nil (2023: £10,920) in respect of management services, £42,776 (2023: £23,372) for rent, £94,145 (2023: £72,590) in respect of grants, £25,840 (2023: £20,300) for legal and professional fees, £19,050 (2023: £24,336) for maintenance and £1,726 (2023: £12,070) for other services.”
Per its FY2024 accounts as filed with the Charity Commission.
Accounts audited by Westcotts (SW) LLP.
Structured financials (annual return, FY ending 31/03/2022)
Cost of raising funds
£314k
Reported reserves equal ~85.5 months of spending — in the top quarter for charities its size (median 7.0 months; benchmarks).
Trustees
- Anne Margaret Jobson OBEchair
- Christina Lorraine Wyse
- Councillor Martyn Snow
- Councillor Ruth Williams
- Diana Frances Moore Councillor
- Dr Sally Basker
- Gemma Rolstone
- James Banyard
- Jonathan David Bell
- Lucy Jane Findlay MBE
- Paul Jenkins
Trustee list from the Charity Commission register (current, not historical).
Operates in: Devon
Income and spending
Common questions
Is THE EXETER CANAL AND QUAY TRUST LIMITED financially healthy?
The accounts state that the charity reported a net expenditure of £251,787 for the year, resulting in a decrease in unrestricted funds from £3,690,283 to £3,438,496. The trustees consider the charity's assets to be adequate for its anticipated future obligations and note that the work is not dependent on volunteers. Per the independent auditors' report, there are no material uncertainties regarding the charity's ability to continue as a going concern. Its FY2024 accounts were audited by Westcotts (SW) LLP.
Government & lottery funding
Grants to this charity published as open data by government and lottery funders (360Giving).
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.
Charities like this
Semantically similar by activities and financial character, from our analysed corpus. Compare with THE ISLAND TRUST LIMITED.