THE ERIC WRIGHT CHARITABLE TRUST
Latest income
£308.9m
Latest spending
£303.0m
Registered
1991
Accounts read
FY2024
Financial health, per its FY2024 accounts
The accounts state that unrestricted reserves stood at £113,472,000 at the year end, which the Trustees consider adequate to meet committed expenditure and maintain charitable giving. The Trustees report no material uncertainties regarding the charity's ability to continue as a going concern.
What the accounts disclose
Reserves policy: two years' committed expenditure (held: £113.5m)
“The reserves include a minimum of two years' committed expenditure at any one time”
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Director loan to settlor
“Included within directors’ loan accounts due within one year are loans due to R E Wright (Director). Amounts due to R E Wright are £6,498,000” — page 40
“During the financial year under review the Trust provided funding of £1,180,000 to Water Park Limited.” — page 6
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Trust funding to subsidiary
“Included within directors’ loan accounts due within one year are loans due to R E Wright (Director). Amounts due to R E Wright are £6,498,000” — page 40
“During the financial year under review the Trust provided funding of £1,180,000 to Water Park Limited.” — page 6
Per its FY2024 accounts as filed with the Charity Commission.
Structured financials (annual return, FY ending 31/12/2024)
Total income
£308.9m
Total spending
£303.0m
Cost of raising funds
£48k
Reserves (reported)
£5.6m
Employees
0
Trustees
- Alison Wright
- Catherine Jane Wilson
- HUGH MACDONALD
- Janette Michele Collier
- MICHAEL EDWARD COLLIER
- Martin Newsholme
- Peter Martin
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £308.9m | £303.0m |
| 31/12/2023 | £246.8m | £243.4m |
| 31/12/2022 | £187.0m | £179.7m |
| 31/12/2021 | £176.8m | £173.6m |
| 31/12/2020 | £219.5m | £213.4m |
Common questions
Is THE ERIC WRIGHT CHARITABLE TRUST financially healthy?
The accounts state that unrestricted reserves stood at £113,472,000 at the year end, which the Trustees consider adequate to meet committed expenditure and maintain charitable giving. The Trustees report no material uncertainties regarding the charity's ability to continue as a going concern. Its FY2024 accounts were audited by Fairhurst Audit Services Ltd.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| MANCHESTER CITY GALLERIES TRUST | 1 | £135k |
| BACON FOUNDATION LTD | 1 | £60k |
| SWIRE 2765 | 1 | £15k |
| THE HINDUJA FOUNDATION | 1 | £3k |