THE GRIMMITT TRUST
Makes grants to charitable causes within the scope of the Trust Deed to encourage and strengthen community activities in Birmingham, Dudley,Wolverhampton and Walsall postcode areas.The Trust does not normally support national charities, CICs or social enterprises.
Financial health, per its FY2024 accounts
The accounts state that unrestricted reserves stood at £547,628, an increase from the previous year, supported by a significant rise in investment income and gains. The charity reports no material uncertainties regarding its ability to continue as a going concern, with the Trustees considering the variability of investment returns as the major financial risk.
What the accounts disclose
“The Trustees annually review the level of reserves retained in unrestricted funds, which are retained to the extent considered necessary to ensure that adequate funds are available to cover future unforeseen eventualities.” — page 4
“Two Trustees are directors of Kite Connexion Holdings Limited and its trading subsidiaries. Three Trustees are shareholders of Kite Connexion Holdings Ltd. £100,000 dividend was paid in the reporting period from Kite Connexion Holdings Limited (2023: £0). In the reporting period expenses payments to Trustees totalled £0 (2023: £46). Trustee expenses incurred but not claimed in the financial year totalled £0 (2023: £0). Certain Trustees of The Grimmitt Trust are also Trustees of other charities to which the Trust makes grants. Procedures are in place to ensure these Trustees are not unduly influential in the decision to award grants to these charities.” — page 24
“The unquoted investment represents the Trust’s 50% holding in Kite Connexion Holdings Limited and its trading subsidiaries Kite Connexion Limited and Static Safe Environments Limited.” — page 22
Structured financials (annual return, FY ending 05/04/2025)
Trustees
- Catherine Elizabeth Chasechair
- Alice Vanessa Welch
- Emma Pardoe
- PHIL SMITH
- Philip Hynan
- SARAH JILLIAN WILKEY
- SUE DAY
- TIM WELCH
- Vanessa Anne Welch
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 05/04/2025 | £587k | £373k |
| 05/04/2024 | £431k | £371k |
| 05/04/2023 | £328k | £368k |
| 05/04/2022 | £371k | £342k |
| 05/04/2021 | £304k | £310k |
Common questions
Is THE GRIMMITT TRUST financially healthy?
Per its FY2024 accounts: The accounts state that unrestricted reserves stood at £547,628, an increase from the previous year, supported by a significant rise in investment income and gains. The charity reports no material uncertainties regarding its ability to continue as a going concern, with the Trustees considering the variability of investment returns as the major financial risk. Its FY2024 accounts were audited by Forvis Mazars LLP.