HITCHIN YOUTH TRUST
Financial health, per its FY2023 accounts
The accounts state that unrestricted funds increased to £4,958,345, supported by a net investment gain of £106,500 and total income of £113,421. The trustees maintain a reserves policy aiming to hold six months' forward expenditure, which is comfortably exceeded by the current unrestricted fund balance. The auditor confirmed that the going concern basis of accounting is appropriate with no material uncertainties identified.
What the accounts disclose
“The aim is to hold 6 months' forward expenditure.”
Trustees
- Amanda Jane Mills
- Andrew Baker
- Benjamin Makins
- Faith Hojeer
- Gail Christey
- Geraint Edwards
- Gillian Carpenter
- Julia Carmody
- Julie Donnelly
- Kirsten Sabine
- Lucy Walder
- Samuel Hankin
- Sandra Banton
- Susan Watkinson
- Tashmina Hoque
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/08/2025 | £265k | £276k |
| 31/08/2024 | £266k | £229k |
| 31/08/2023 | £113k | £190k |
| 31/08/2022 | £55k | £245k |
| 31/08/2021 | £102k | £144k |
Common questions
Is HITCHIN YOUTH TRUST financially healthy?
The accounts state that unrestricted funds increased to £4,958,345, supported by a net investment gain of £106,500 and total income of £113,421. The trustees maintain a reserves policy aiming to hold six months' forward expenditure, which is comfortably exceeded by the current unrestricted fund balance. The auditor confirmed that the going concern basis of accounting is appropriate with no material uncertainties identified. Its FY2023 accounts were audited by Hicks and Company.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE WESTMINSTER FOUNDATION | 1 | £83k |
| SANTANDER UK FOUNDATION LIMITED | 1 | £50k |
| THE NATIONAL FOUNDATION FOR YOUTH MUSIC | 1 | £28k |
| THE SHAFTESBURY HOMES AND ARETHUSA | 1 | £10k |
| THE GEORGE AND ESME POLLITZER CHARITABLE SETTLEMENT | 1 | £5k |
| CRH CHARITABLE TRUST | 1 | £3k |