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.
Objects
TO OR FOR SUCH BODIES INSTITUTIONS AND PURPOSES AS ARE EXCLUSIVELY CHARITABLE IN LAW AND IN SUCH SHARES AND PROPORTIONS AS THE TRUSTEES SHALL FROM TIME TO TIME IN THEIR ABSOLUTE DISCRETION DETERMINE.
Financial health, per its FY2025 accounts
The accounts state that unrestricted reserves increased to £760,938, while the charity reported a net decrease in total funds of £642,954 due to investment market volatility. The Trustees note that the number of grants awarded remains 21% lower than in 2020 due to a lack of return to pre-pandemic application levels. Despite this, the Trust maintained grant awards totaling £342,130 and cites this as a significant achievement.
What the accounts disclose
“This was largely due to a £250,000 dividend received from the unquoted investment in Kite Connexion Holdings Ltd in the year” — page 5
“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 6
“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 23
Policies the charity declares
- Complaints policy and procedures
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Investing charity funds policy and procedures
- Investment
- Paying staff
- Serious incident reporting policy and procedures
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
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 FY2025 accounts: The accounts state that unrestricted reserves increased to £760,938, while the charity reported a net decrease in total funds of £642,954 due to investment market volatility. The Trustees note that the number of grants awarded remains 21% lower than in 2020 due to a lack of return to pre-pandemic application levels. Despite this, the Trust maintained grant awards totaling £342,130 and cites this as a significant achievement. Its FY2025 accounts were audited by Malcolm Piper and Company Limited.