THE SIDCOT BUILDING TRUST FUND
The primary purpose of the charity is to make grants to Sidcot School, Winscombe, Somerset for purchasing or erecting property for, or improving the property of the school.
Financial health, per its FY2024 accounts
The accounts state that the charity's unrestricted reserves increased to £533,312, supported by a £50,000 legacy and investment growth. The trustees confirm there are no material uncertainties regarding the charity's ability to continue as a going concern.
What the accounts disclose
“the policy of the Managing Trustees is to accumulate all the income over a period of years so as to be able to make grants from time to time to the school for building or other purposes of a capital nature. Thus the Managing Trustees do not maintain any specific reserve fund or funds: the whole of the Fund is in effect, a reserve awaiting a call on it” — page 3
“Expenses relating to the year incurred by and reimbursed to the trustees totalled £128 (2023 - £30) comprising travelling and administrative expenses.” — page 9
Trustees
- KEITH JOHN KERTONchair
- NIGEL GARDNER
- Timothy Edward Reynolds
- Varut Dechpokket
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £73k | £420 |
| 31/12/2023 | £25k | £2k |
| 31/12/2022 | £38k | £600k |
| 31/12/2021 | £44k | £342 |
| 31/12/2020 | £37k | £200k |
Common questions
Is THE SIDCOT BUILDING TRUST FUND financially healthy?
Per its FY2024 accounts: The accounts state that the charity's unrestricted reserves increased to £533,312, supported by a £50,000 legacy and investment growth. The trustees confirm there are no material uncertainties regarding the charity's ability to continue as a going concern. Its FY2024 accounts were independently examined.