THE KING'S TRUST

Charity number: 1079675
Charity reporting is up to date (on time)

Charity overview

Activities - how the charity spends its money

The Prince's Trust's vision is that every young person should have the chance to succeed and its mission is to help young people transform their lives by developing the confidence and skills to live, learn and earn.

Income and expenditure

Data for financial year ending 31 March 2024

Total income:
£71,064,000

Text alternative for this canvas graphic is in the data table below.
Donations and legacies £53.39m
Charitable activities £10.64m
Other trading activities £6.56m
Investments £476.00k
Other £0

Total expenditure:
£69,581,000

Text alternative for this canvas graphic is in the data table below.
Raising funds £14.74m
Charitable activities £54.84m
Other £0

£4,692,000 investments gains (losses)

Total income includes £7,613,000 from 76 government grant(s)

Charitable expenditure

Charitable expenditure

Some charities generate all, or a substantial part, of their income from investments which may have been donated to the charity as endowment or set aside by the charity from its own resources in the past. Such investments usually take the form of stocks and shares but may include other assets, such as property, that are capable of generating income and/or capital growth.

In managing their spending and investments charities need to strike a balance between the needs of future and current beneficiaries. They also need to take account of spending commitments that may stretch over a number of future years. To do this, charities will normally adopt an investment strategy designed to generate both income and capital growth. To maximise returns trustees may commit to investment strategies for several years.

Investments can experience large swings in value so trustees may, in a particular year, decide to realise and spend part of their charity’s capital or to invest part of its income.

By clicking the investment gains checkbox the charitable spending bar is adjusted to take account of capital growth as well as income. This shows the balance the charity is striking, between spending on current beneficiaries and retaining resources for future beneficiaries.

Text alternative for this canvas graphic is in the data table below.
Raising funds and other expenditure £14.74m
Charitable expenditure £54.84m
Retained for future use £1.48m

People

1106 Employee(s)

11 Trustee(s)

1948 Volunteer(s)

Employees with total benefits over £60,000

Number of employees
£60k to £70k 30
£70k to £80k 13
£80k to £90k 4
£90k to £100k 4
£100k to £110k 2
£110k to £120k 2
£120k to £130k 4
£130k to £140k 1
£150k to £200k 1

Fundraising

No information available

Trading

One or more trustees are also directors of the subsidiaries

Trustee payments

No trustees receive any remuneration, payments or benefits from the charity.

What, who, how, where

What the charity does:
  • General Charitable Purposes
  • Education/training
  • The Prevention Or Relief Of Poverty
  • Amateur Sport
  • Economic/community Development/employment
  • Other Charitable Purposes
Who the charity helps:
  • Children/young People
  • People With Disabilities
  • People Of A Particular Ethnic Or Racial Origin
  • Other Charities Or Voluntary Bodies
  • Other Defined Groups
  • The General Public/mankind
How the charity helps:
  • Makes Grants To Individuals
  • Provides Other Finance
  • Provides Buildings/facilities/open Space
  • Provides Services
  • Provides Advocacy/advice/information
  • Sponsors Or Undertakes Research
  • Acts As An Umbrella Or Resource Body
  • Other Charitable Activities
Where the charity operates:
  • Throughout England And Wales
  • Northern Ireland
  • Scotland

Governance

Registration history:
  • 14 September 2005: Standard registration
  • 23 September 2005: Removed (Registered in error)
Organisation type:
Other
Other names:
  • KING'S TRUST (Previous name)
  • THE KING'S TRUST (Previous name)
  • THE PRINCE'S TRUST (Previous name)
Company number:
RC000772 Open in new window
Gift aid:
Recognised by HMRC for gift aid
Other regulators:
No information available
Policies:
  • Bullying and harassment policy and procedures
  • Campaigns and political activity policy and procedures
  • Complaints handling
  • Complaints policy and procedures
  • Conflicting interests
  • Engaging external speakers at charity events 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
  • Risk management
  • Safeguarding policy and procedures
  • Safeguarding vulnerable beneficiaries
  • Serious incident reporting policy and procedures
  • Social media policy and procedures
  • Trustee conflicts of interest policy and procedures
  • Volunteer management
Land and property:
This charity owns and/or leases land or property

Trustees

Trustees are the people responsible for controlling the work, management and administration of the charity on behalf of its beneficiaries. Generally trustees are treasurer, chair, board member etc. The trustees are responsible for keeping this list up to date and can do this by updating their details as they happen through the online service

11 Trustee(s)

Name Role Date of appointment Other trusteeships Reporting status of other trusteeships
Thomas Segun Ilube CBE Chair 19 March 2024
AFRICAN GIFTED FOUNDATION
Received: On time
DEANNA OPPENHEIMER Trustee 28 January 2025
None on record
Simon Dingemans Trustee 27 November 2023
None on record
Dr Nikesh Kotecha OBE DL Trustee 23 March 2023
None on record
Elizabeth Sian Evans Trustee 25 January 2023
None on record
Suzy Anne Efua Gloria Neubert Trustee 28 March 2022
None on record
Pavita Cooper Trustee 24 January 2022
THE OLD VIC THEATRE TRUST 2000
Received: On time
Lynne Weedall Trustee 24 January 2022
None on record
Joan Armatrading MBE Trustee 24 September 2020
None on record
Mark Dearnley Trustee 24 September 2019
None on record
Richard Oldfield Trustee 22 January 2019
THE ROCHESTER CATHEDRAL TRUST
Received: On time

Financial history

" role="img"> Text alternative for this canvas graphic is in the data table below.

Financial period end date

Income / Expenditure 31/03/2020 31/03/2021 31/03/2022 31/03/2023 31/03/2024
Total gross income £75.95m £72.27m £78.69m £68.01m £58.34m
Total expenditure £77.30m £69.09m £71.15m £81.43m £69.58m
Income from government contracts N/A £21.98m N/A N/A N/A
Income from government grants £56.93m £34.10m £49.59m £7.68m £7.61m
Income - Donations and legacies £57.51m £47.22m £59.59m £48.20m £53.39m
Income - Other trading activities £5.12m £2.91m £5.51m £6.33m £6.56m
Income - Charitable activities £12.38m £17.52m £14.82m £15.99m £10.64m
Income - Endowments £12.39m £250.00k £1.95m £2.75m £12.73m
Income - Investment £779.00k £245.00k £173.00k £208.00k £476.00k
Income - Other £155.00k £4.39m £550.00k £122.00k £0
Income - Legacies £1.03k £224.00k £1.70m £538.00k £859.00k
Expenditure - Charitable activities £62.13m £57.28m £58.39m £56.84m £54.84m
Expenditure - Raising funds £15.17m £11.81m £12.76m £15.52m £14.74m
Expenditure - Governance £55.00k £223.00k £281.00k £20.63m £23.10m
Expenditure - Grants institution £1.37m £0 £0 £0 £0
Expenditure - Investment management £73.00k £70.00k £200.00k £26.90k £358.00k
Expenditure - Other £0 £0 £0 £9.07m £0

Assets and liabilities

Definitions for assets and liabilities
Own use assets

These are assets, other than investments, which are held for more than 12 months and used to run and administer the charity such as buildings, offices, exhibits and fixtures and fittings.

Long term Investments

Investments are assets held by the charity with the sole aim of generating income which will be used for their charitable purposes such as deposit accounts, shares, rental property and unit trusts.
Investment assets are re-valued every year and included in the balance sheet at their current market value.
Long term investments are held for more than 12 months.

Other assets

These are assets held generally for less than 12 months such as cash and bank balances, debtors, investments to be sold within the coming year and trading stock.

Defined benefit pension scheme asset or liability

This is a surplus or deficit in any defined benefit pension scheme operated and represents a potential long-term asset or liability.

Total liabilities

These are all the amounts owed by the charity at the balance sheet date to third parties such as bills due but not yet paid, bank overdrafts and loans and mortgages.

" role="img"> Text alternative for this canvas graphic is in the data table below.
Asset / Liability 31/03/2020 31/03/2021 31/03/2022 31/03/2023 31/03/2024
Own use assets £26.87m £24.27m £21.89m £20.53m £18.83m
Long-term investments £21.69m £29.51m £38.81m £41.63m £57.29m
Other assets £42.74m £46.07m £48.88m £30.83m £20.34m
Defined benefit pension scheme asset or liability £0 £0 £0 £0 £0
Total liabilities £25.58m £23.34m £20.90m £15.63m £12.92m

Accounts and annual returns

This table shows the charity's record of submitting annual returns, accounts and trustees' annual report (TAR) for the last five financial periods.
Title Reporting year Date received Received Download
Annual return 31 March 2024 19 December 2024 On Time
Accounts and TAR 31 March 2024 19 December 2024 On Time Download Open in new window
Annual return 31 March 2023 20 December 2023 On Time
Accounts and TAR 31 March 2023 20 December 2023 On Time Download Open in new window
Annual return 31 March 2022 21 December 2022 On Time
Accounts and TAR 31 March 2022 21 December 2022 On Time Download Open in new window
Annual return 31 March 2021 21 December 2021 On Time
Accounts and TAR 31 March 2021 21 December 2021 On Time Download Open in new window
Annual return 31 March 2020 22 January 2021 On Time
Accounts and TAR 31 March 2020 22 January 2021 On Time Download Open in new window
Submit annual return Open in new window

Governing document

Details of the type of governing document the charity has and when it was established.
It is not the full text of the charity's governing document.

ROYAL CHARTER GRANTED 12 OCT 1999 AS AMENDED ON 09 DEC 2009 AS AMENDED BY ORDER IN COUNCIL DATED 08 JUL 2022 AS AMENDED BY SUPPLEMENTAL CHARTER DATED 06 FEB 2025

Charitable objects

(1) TO PROMOTE BY ALL CHARITABLE MEANS THE MENTAL, SPIRITUAL, MORAL AND PHYSICAL DEVELOPMENT AND IMPROVEMENT OF YOUNG PEOPLE AND TO PROVIDE OPPORTUNITIES FOR THEM TO DEVELOP THEIR FULL CAPACITIES AND ENABLE THEM TO BECOME RESPONSIBLE MEMBERS OF SOCIETY SO THAT THEIR CONDITIONS OF LIFE MAY BE IMPROVED, TO INCLUDE: (A) PROVIDING FACILITIES FOR YOUNG PEOPLE FOR RECREATION OR OTHER LEISURE TIME OCCUPATION IN THE INTERESTS OF SOCIAL WELFARE; (B) ADVANCING THE EDUCATION OF YOUNG PEOPLE BY THE PROVISION, ENCOURAGEMENT AND PROMOTION OF EDUCATION, INSTRUCTION OR TRAINING IN PROFESSIONS, VOCATIONS, INDUSTRIES, CRAFTS, TRADES OR THE SKILLS NEEDED IN EMPLOYMENT; (C) RELIEVING POVERTY AMONGST YOUNG PEOPLE THROUGH THE PROVISION OF ASSISTANCE (INCLUDING FINANCIAL ASSISTANCE) AND ENCOURAGEMENT WHILST THEIR EDUCATION IS BEING ADVANCED AS AFORESAID OR WHILST THEY ARE IN THE PROCESS OF ESTABLISHING NEW BUSINESSES OR PREPARING FOR ENTERING UPON OR ENGAGING IN A PROFESSION, TRADE, CRAFT OR SERVICE; (D) ARRANGING PERIODS OF VOLUNTARY WORK IN THE COMMUNITY; AND (E) FOR THE BENEFIT OF THE PUBLIC ENCOURAGING AND ASSISTING YOUNG PEOPLE IN THEIR UNDERSTANDING OF AND PRACTICAL ACTION IN SUPPORT OF THE NATURAL AND BUILD ENVIRONMENT. (11) TO PROMOTE AND CONDUCT RESEARCH INTO SOCIAL CONDITIONS AFFECTING YOUNG PEOPLE AND THE MENTAL, SPIRITUAL, MORAL AND PHYSICAL NEED OF YOUNG PEOPLE AND TO PUBLISH THE USEFUL RESULTS OF SUCH RESEARCH. (111) TO CARRY OUT ANY SUCH APPROVED OBJECTS (AS DEFINED BY REGULATION 33 OF THE LANDFILL TAX REGULATIONS 1996 OR ANY AMENDMENT THERETO) AS ARE EXCLUSIVELY CHARITABLE AND TO ENCOURAGE YOUNG PEOPLE PARTICULARLY TO DO SO. (IV) TO SUPPORT SUCH CHARITY OR CHARITIES OR SUCH CHARITABLE PURPOSE OR PURPOSES AS THE COUNCIL SHALL IN ITS ABSOLUTE DISCRETION THINK FIT.

Area of benefit

The area the charity can operate in, as set out in its governing document.

NOT DEFINED

Linked charities

Linked charities
Linked charity 1079675-1 THE SYDNEY HILL BIRMINGHAM SCHOOL LEAVERS BUSINESS START UP TRUST
Governing document
WILL OF SYDNEY HILL PROVED AT THE NEWCASTLE-UPON-TYNE DISTRICT PROBATE REGISTRY ON 1ST DECEMBER 19999, AND THE LETTER OF WISHES DATED 23RD DECEMBER 1998 AS ALTERED BY SCHEME OF CHARITY COMMISSIONERS DATED 25 JULY 2005
Charitable objects
UPON TRUST TO PAY OR APPLY THE INCOME OF THE SYDNEY HILL TRUST WITH POWER IN THEIR ABSOLUTE DISCRETION FROM TIME TO TIME TO PAY OR APPLY THE WHOLE OR ANY PART OR PARTS OF THE CAPITAL OF THE SYDNEY HILL TRUST TO OR FOR THE BENEFIT OF ALL OR SUCH ONE OR MORE OF THE BENEFICIARIES ("THE BENEFICIARIES" MEANS ALL SCHOOL LEAVERS LEAVING SCHOOLS ADMINISTERED BY THE BIRMINGHAM CITY COUNCIL EDUCATION AUTHORITY) FOR THE TIME BEING LIVING IN SUCH SHARES IF MORE THAN ONE AND IN SUCH MANNER AS THE TRUSTEES SHALL FROM TIME TO TIME IN THEIR ABSOLUTE DISCRETION THINK FIT
Area of benefit
THE AREA DEFINED BY BIRMINGHAM CITY COUNCIL EDUCATION AUTHORITY
Registration history
  • 14 September 2005 : Standard registration
  • 23 September 2005 : Removed

Contact information

Address:
The Princes Trust
8 Glade Path
LONDON
SE1 8EG
Phone:
02075431234
Email:
customer.services@kingstrust.org.uk
Website:

www.kingstrust.org.uk Open in new window