TRADES UNION CONGRESS EDUCATIONAL TRUST
Provision of education facilities for training in trade union studies, the granting of scholarships and bursaries.
Financial health, per its FY2024 accounts
The accounts state that the Trust was in a strong financial position with unrestricted reserves of £1,311,283 and free reserves of £1,127,446. The Trustees consider these reserves to be at a healthy level, exceeding their policy target of one to two years of planned expenditure. The charity reported a net outgoing resource of £208,458, primarily due to program rollout costs following a previous donation.
What the accounts disclose
“The Trustees have established a policy whereby the unrestricted funds not committed or invested in tangible fixed assets (‘the free reserves’) held by the charity should be between one and two years of planned expenditure.” — page 5
Trustees
- Carl William ROPER
- GLORIA MILLS
- Gerard Joseph Nichols
- Katharine Grace Olivier Bell
- Martin Christopher Furlong
- SUSAN FERNS
- Sarah Jane Woolley
- Stephen Paul Gillan
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £35k | £244k |
| 31/12/2023 | £27k | £281k |
| 31/12/2022 | £16k | £68k |
| 31/12/2021 | £388k | £5k |
| 31/12/2020 | £18k | £5k |
Common questions
Is TRADES UNION CONGRESS EDUCATIONAL TRUST financially healthy?
Per its FY2024 accounts: The accounts state that the Trust was in a strong financial position with unrestricted reserves of £1,311,283 and free reserves of £1,127,446. The Trustees consider these reserves to be at a healthy level, exceeding their policy target of one to two years of planned expenditure. The charity reported a net outgoing resource of £208,458, primarily due to program rollout costs following a previous donation. Its FY2024 accounts were audited by Crowe U.K. LLP.