Saltmine Trust

Analysis

Saltmine Trust is a registered charity in England and Wales, based in Dudley. It was registered in May 1994, 32 years ago. Its declared purposes cover general charitable purposes, education/training, the prevention or relief of poverty and religious activities, which this site groups under poverty relief. Legally it is a charitable company (Companies House number 02930528). It says it provides services and other charitable activities.

In the financial year ending March 2025, Saltmine Trust reported income of £627k and spending of £623k, spending 99% of its income. Across the 5 years on record, from March 2021 to March 2025, income grew from £547k to £627k (+15%), an average of +3.5% a year. The sharpest change came in the year to March 2023, when income rose by 20%. Over the whole period it spent 98% of the income it received.

Among 15,276 England and Wales charities whose main cause is poverty relief and that reported income, Saltmine Trust sits at the 89th percentile: it is larger than about 89% of them. Against every charity in England and Wales with reported income it ranks in the 91st percentile. Charities of a similar size with the same main cause include Participate Projects (£627k), Heichal Hatorah (£627k) and Liverpool Shipbrokers' Benevolent Society Incorporated (£627k).

In its latest detailed accounts, income came from donations and legacies 83%, charitable activities 15% and investments 1.8%. Charitable activities took 93% of spending and raising funds 6.0%. Reserves of £465k would cover about 9 months of spending at that rate. It employed 16 people.