THE GENERATION TRUST
The charity's objects are the advancement of the Christian religion, and the relief of poverty, sickness and suffering.
Objects
THE OBJECTS OF THE TRUST SHALL BE FOR THE PUBLIC BENEFIT:-A. TO PROMOTE THE CHRISTIAN FAITH THROUGHOUT THE UNITED KINGDOMOF GREAT BRITAIN AND NORTHERN IRELAND AND INTERNATIONALLYB. TO RELIEVE POVERTY SICKNESS AND SUFFERING IN THE AREA OF THEFORMER COUNTY OF THE CITY OF NEWCASTLE UPON TYNE ANDELSEWHERE IN ACCORDANCE WITH THE CHRISTIAN FAITH
Financial health, per its FY2025 accounts
The accounts state that total funds increased to £942,660, significantly exceeding the stated cash reserves policy target of £10,000. The charity generated a net income of £186,762 from voluntary income and rental sources, with expenditure on charitable activities and fundraising totaling £38,798.
What the accounts disclose
“The charity has set a cash reserves amount of £10,000 to cover repairs on the properties.” — page 4
“Mr M Rustad donated a property valued at £150,000 to the Trust.” — page 16
Policies the charity declares
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Trustee expenses policy and procedures
Trustees
- Dr Katherine Jane Linley
- Jane Clifford Linfoot
- MICHAEL RUSTAD
- RICHARD JOHN BRADLEY MARJORIBANKS
- Rev David Francis Mayhew
- Rev RAYMOND FREDERICK SKINNER
- TOM YOUNG
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 05/04/2025 | £226k | £39k |
| 05/04/2024 | £271k | £49k |
| 05/04/2023 | £210k | £62k |
| 05/04/2022 | £24k | £14k |
| 05/04/2021 | £23k | £9k |
Common questions
Is THE GENERATION TRUST financially healthy?
Per its FY2025 accounts: The accounts state that total funds increased to £942,660, significantly exceeding the stated cash reserves policy target of £10,000. The charity generated a net income of £186,762 from voluntary income and rental sources, with expenditure on charitable activities and fundraising totaling £38,798. Its FY2025 accounts were independently examined.