Oversight Trust Annual Report Highlights Significant Achievements and Future Plans

The Oversight Trust has released its Annual Report and Financial Statements for the year ending December 31, 2024, showcasing a year of substantial progress and strategic initiatives aimed at promoting social investment and financial inclusion across the UK.

Key Achievements and Financial Performance

The Trust, along with its subsidiaries Better Society Capital Limited (BSC), Access – the Foundation for Social Investment, Fair4All Finance, and Youth Futures Foundation, reported a total revenue of £72.2 million for 2024, a significant increase from £52.4 million in 2023 1. This growth was driven by increased income from grants and the group's social impact investment portfolio.

Strategic Projects and Governance Reviews

Throughout the year, the Trust engaged in several strategic projects, including the annual Governance Review of each Operating Company and the Quadrennial Review of BSC 2. These reviews are designed to assess the effectiveness of the Operating Companies in achieving their objectives and delivering impactful programs.

Dormant Assets Scheme and Future Allocations

The Dormant Assets Scheme continues to be a critical source of funding for the Trust. In November 2024, the Department for Culture, Media and Sport (DCMS) announced that future allocations of Dormant Assets for England, estimated at £350 million for the period to 2028, would be split equally among four causes: youth, financial inclusion, social investment wholesalers, and community wealth funds. This allocation was later increased to £440 million in June 2025.

Board Changes and Leadership Transitions

The Trust welcomed new board members Meera Craston and Vaughan Lindsay in 2024 and 2025, respectively. Sir Stuart Etherington, who served on the Board for ten years, announced his departure, with Vaughan Lindsay set to taking over as Chair after the July 2025 Board meeting.

Looking Ahead

The Trust remains committed to its mission of promoting social investment and financial inclusion. With the support of its stakeholders and the continued allocation of Dormant Assets, the Trust is well-positioned to address the social challenges facing the UK and drive positive change in the years to come.

Read the full report here