HULME TRUST ESTATES (EDUCATIONAL)
The Charity is governed by a 1979 Scheme approved by the Charity Commissioners. Under the scheme there are named beneficiaries to receive fixed, non-discretionary percentages of income. A small percentage of income is distributed by the Schools Committee. These distributions are discretionary to Charities specified in the Charity Commission Scheme.
Financial health, per its FY2024 accounts
The accounts state that the charity holds a Total Endowment valued at £16,204,419, comprising a Permanent Endowment of £11,756,332 and an Expendable Endowment of £4,448,087. The trustees pursue a total return investment strategy and distribute approximately 2.5% of the trailing five-year average fund value to beneficiaries, having achieved a 5.32% return in 2024. The auditor confirmed the financial statements are prepared on a going concern basis with no material uncertainties identified.
What the accounts disclose
“The Trustees pursue an investment strategy which aims at least to maintain the real value of the Total Endowment as measured against movements in the retail price index, while maintaining the level of distributions at approximately 2.5% each year of the trailing average value of the Fund over the past 5 years.” — page 5
Property (HM Land Registry)
Trustees
- THOMAS ANDREW HOYLEchair
- Andrew Marshall
- IAN RANKIN
- Michael Smith
- Philip Christopher Liam Parker
- Sarah Newman
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £234k | £468k |
| 31/12/2023 | £256k | £453k |
| 31/12/2022 | £233k | £419k |
| 31/12/2021 | £204k | £409k |
| 31/12/2020 | £219k | £394k |
Common questions
Is HULME TRUST ESTATES (EDUCATIONAL) financially healthy?
Per its FY2024 accounts: The accounts state that the charity holds a Total Endowment valued at £16,204,419, comprising a Permanent Endowment of £11,756,332 and an Expendable Endowment of £4,448,087. The trustees pursue a total return investment strategy and distribute approximately 2.5% of the trailing five-year average fund value to beneficiaries, having achieved a 5.32% return in 2024. The auditor confirmed the financial statements are prepared on a going concern basis with no material uncertainties identified. Its FY2024 accounts were audited by DJH Audit Limited.
Charities like this
- THE WILLIAM LEECH FOUNDATION LIMITED - THE CHARITY TRUST
- THE OFENHEIM CHARITABLE TRUST
- WILLIAM PALMER COLLEGE EDUCATIONAL TRUST
- MARIA ASSUMPTA TRUST
- THE HAWTHORNE CHARITABLE TRUST
- THE CONSTANCE TRAVIS CHARITABLE TRUST
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| HULME TRUST ESTATES (EDUCATIONAL) | £234k | — | 0 | above | — | no doubt |
| THE WILLIAM LEECH FOUNDATION LIMITED - THE CHARITY TRUST | £120k | — | 0 | below | — | no doubt |
| THE OFENHEIM CHARITABLE TRUST | £554k | — | 0 | within | — | no doubt |
| WILLIAM PALMER COLLEGE EDUCATIONAL TRUST | £260k | — | 0 | unclear | — | no doubt |
| MARIA ASSUMPTA TRUST | £703k | — | 0 | above | — | no doubt |
| THE HAWTHORNE CHARITABLE TRUST | £242k | — | 0 | unclear | — | no doubt |