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HULME TRUST ESTATES (EDUCATIONAL)

Registered charity 532297 · accounts filings on the Charity Commission register · also known as HULME TRUST ESTATES (EDUCATIONAL) FOUNDATION, WILLIAM HULME GRAMMAR SCHOOL MANCHESTER

Latest income
£234k
Latest spending
£468k
Registered
1964
Accounts read
FY2022

Financial health, per its FY2022 accounts

The accounts state that the Charity is reliant on its Total Endowment, which had a value of £214,363,616 at year-end, generating a return of 1.33% in 2022. The Trustees maintain a reserves policy aimed at maintaining the real value of the Total Endowment over a five-year period, distributing approximately 2.5% of the trailing average fund value annually. The auditor confirmed that the use of the going concern basis of accounting is appropriate with no material uncertainties identified.

What the accounts disclose

Reserves policy: maintain the real value of the Total Endowment in the medium term (5 years) as measured against movements in the retail price index, and to maintain the level of distributions at approximately 2.5% each year of the trailing average value of the Fund over the past 5 years (held: £14.4m)
“The Trustees have established a policy for withdrawal of funds from Expendable Endowment which aims to maintain the real value of the Total Endowment in the medium term (5 years) as measured against movements in the retail price index, and to maintain 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
Per its FY2022 accounts as filed with the Charity Commission.

Accounts audited by Beaver and Struthers.

Trustees

Trustee list from the Charity Commission register (current, not historical).

Operates in: Lancashire · Manchester City

Income and spending

Financial year endIncomeSpending
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?

The accounts state that the Charity is reliant on its Total Endowment, which had a value of £214,363,616 at year-end, generating a return of 1.33% in 2022. The Trustees maintain a reserves policy aimed at maintaining the real value of the Total Endowment over a five-year period, distributing approximately 2.5% of the trailing average fund value annually. The auditor confirmed that the use of the going concern basis of accounting is appropriate with no material uncertainties identified. Its FY2022 accounts were audited by Beaver and Struthers.

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