EDUCATIONAL AND GENERAL CHARITABLE TRUST
Financial health, per its FY2023 accounts
The accounts state that the charity operated at a deficit of £45,708, exceeding its income by that amount, which was covered by drawing down on accumulated income reserves. The trustees have adopted an aggressive policy of using all income for grants and occasionally using capital, resulting in a negative accumulated income reserve of £2,945. Despite this, the charity holds significant net assets of £3,788,853, primarily in investments, and the independent examiner confirmed no matters gave cause to believe the accounts were materially incorrect.
What the accounts disclose
Trustees
- ANDREW DIAMOND
- JOAN DIAMOND
- LINDA MABLEY
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 05/04/2025 | £117k | £139k |
| 05/04/2024 | £116k | £126k |
| 05/04/2023 | £108k | £154k |
| 05/04/2022 | £102k | £125k |
| 05/04/2021 | £100k | £141k |
Common questions
Is EDUCATIONAL AND GENERAL CHARITABLE TRUST financially healthy?
The accounts state that the charity operated at a deficit of £45,708, exceeding its income by that amount, which was covered by drawing down on accumulated income reserves. The trustees have adopted an aggressive policy of using all income for grants and occasionally using capital, resulting in a negative accumulated income reserve of £2,945. Despite this, the charity holds significant net assets of £3,788,853, primarily in investments, and the independent examiner confirmed no matters gave cause to believe the accounts were materially incorrect. Its FY2023 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| SF FOUNDATION | 1 | £33k |
| THE KNIGHTLAND FOUNDATION | 1 | £30k |
| E AND E KERNKRAUT CHARITIES LIMITED | 1 | £26k |
| RONTADES LIMITED | 1 | £25k |
| BEIS KOSOV | 1 | £9k |
| SHAAREI RACHAMIM LIMITED | 1 | £8k |
| KAHAL IMREI CHAIM LIMITED | 1 | £5k |
| TRUEDENE CO LIMITED | 1 | £5k |