SCOTT (EREDINE) CHARITABLE TRUST
Financial health, per its FY2022 accounts
The accounts state that the charity reported a net movement in funds of a deficit of £4,051,631 for the year ended 31 December 2022, primarily driven by unrealised losses on investments of £3,953,386. Total unrestricted funds carried forward were £11,438,434, which the trustees consider to be in line with their reserves policy. The independent auditors confirmed that the use of the going concern basis of accounting was appropriate with no material uncertainties identified.
What the accounts disclose
“The charity look to hold reserves in order to provide a sufficient capital base to generate income to cover administrative expenditure and grants payable as documented in the trust deed.” — page 4
“The shares are in the names of trustees K J Bruce-Smith and A J Scott who hold them as custodian trustees.”
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- Amanda Jane Scott
- Col Nick Wills OBE
- KEITH JAMES BRUCE-SMITH
- Miss Lucy Gibson
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £618k | £594k |
| 31/12/2023 | £573k | £579k |
| 31/12/2022 | £437k | £536k |
| 31/12/2021 | £585k | £530k |
| 31/12/2020 | £461k | £376k |
Common questions
Is SCOTT (EREDINE) CHARITABLE TRUST financially healthy?
The accounts state that the charity reported a net movement in funds of a deficit of £4,051,631 for the year ended 31 December 2022, primarily driven by unrealised losses on investments of £3,953,386. Total unrestricted funds carried forward were £11,438,434, which the trustees consider to be in line with their reserves policy. The independent auditors confirmed that the use of the going concern basis of accounting was appropriate with no material uncertainties identified. Its FY2022 accounts were audited by TC Group.