EQUITY CHARITABLE TRUST
Financial health, per its FY2025 accounts
The accounts state that the charity reported a net deficit of £865,906 for the year, driven by a significant net loss on investments of £590,098, although this was partially offset by a £100,000 gain on the sale of its investment property. Per the trustees' report, free reserves stood at £11,686,791, which is substantially in excess of the stated policy target of approximately £450,000 (six months of operating costs).
What the accounts disclose
“The Trustees, having considered the financial risks, have set a reserves policy which aims to maintain free reserves at a level sufficient to cover six months of operating costs which is approximately £450,000.” — page 9
Structured financials (annual return, FY ending 31/03/2025)
Trustees
- David John Steele
- Harold Finley
- Helen Louise Grainger
- Joseph Ballard
- Julia Carson Sims
- Lee Daniel Hedges
- Nicholas Guy Chambers
- Shenagh Govan
- Stephen Nigel Gilchrist
- William Cummings Thompson
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £578k | £953k |
| 31/03/2024 | £489k | £953k |
| 31/03/2023 | £584k | £770k |
| 31/03/2022 | £732k | £756k |
| 31/03/2021 | £1.3m | £1.7m |
Common questions
Is EQUITY CHARITABLE TRUST financially healthy?
The accounts state that the charity reported a net deficit of £865,906 for the year, driven by a significant net loss on investments of £590,098, although this was partially offset by a £100,000 gain on the sale of its investment property. Per the trustees' report, free reserves stood at £11,686,791, which is substantially in excess of the stated policy target of approximately £450,000 (six months of operating costs). Its FY2025 accounts were audited by Nyman Libson Paul LLP.