THE LINNET TRUST
The Linnet Trust supports charities operating in the South West of England that are innovative, cost effective, administratively efficient and well respected in their field. We target disadvantaged groups with mental, physical or behavioural problems, often a consequence of poverty. The trust will not support individuals, religious organisations, animal or art charities.
Objects
SUCH CHARITABLE PURPOSES AS THE TRUSTEES SHALL FROM TIME TO TIME DETERMINE. (FOR FULL DETAILS SEE TRUST DEED).
Financial health, per its FY2025 accounts
The accounts state that the charity is operating with a limited lifespan of approximately 10 years, as it distributes considerably in excess of its annual income by selling assets. Per the trustees' report, total funds decreased from £1,185,423 to £997,079 due to a net loss on investments and grant distributions exceeding income. The trustees confirm that systems are in place to mitigate major risks and that resources are adequate for the charity's continued operations.
What the accounts disclose
“The Linnet Trusts' policy is to distribute considerably in excess of its income each year by selling assets, and therefore to have a limited lifespan.” — page 5
“The Trust now has a limited lifespan of perhaps 10 years, and our future funding will diminish until we run out of money.” — page 4
Policies the charity declares
- Campaigns and political activity policy and procedures
- Complaints policy and procedures
- Conflicting interests
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Investing charity funds policy and procedures
- Investment
- Risk management
- Safeguarding policy and procedures
- Serious incident reporting policy and procedures
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
Trustees
- JERRY SUENSON-TAYLORchair
- ROWAN SUENSON-LUKE
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 05/04/2025 | £27k | £114k |
| 05/04/2024 | £26k | £113k |
| 05/04/2023 | £26k | £106k |
| 05/04/2022 | £26k | £116k |
| 05/04/2021 | £20k | £127k |
Common questions
Is THE LINNET TRUST financially healthy?
Per its FY2025 accounts: The accounts state that the charity is operating with a limited lifespan of approximately 10 years, as it distributes considerably in excess of its annual income by selling assets. Per the trustees' report, total funds decreased from £1,185,423 to £997,079 due to a net loss on investments and grant distributions exceeding income. The trustees confirm that systems are in place to mitigate major risks and that resources are adequate for the charity's continued operations. Its FY2025 accounts were independently examined.