THE KATHLEEN SMITH FOUNDATION
Financial health, per its FY2025 accounts
The accounts state that the charity held free reserves of £59,830 at the end of the reporting period, down from £113,777 in the previous year. The trustees pursue a policy of maintaining free reserves to cover future needs, contingencies, and risks. No funds were in deficit, and there were no material uncertainties regarding the charity's ability to continue as a going concern.
What the accounts disclose
“The Trustees pursue a policy of maintaining a free reserve available to be spent in the furtherance of the charity’s objectives as well as covering future needs, opportunities, contingencies and risks.”
“Ludlow Trust Company Limited was paid £15,287 (2024: £18,937) for trust administration services and cash management fees during the year under review. These fees are authorised under clause 14 of the trust deed.”
Trustees
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 06/06/2025 | £103k | £170k |
| 06/06/2024 | £113k | £166k |
| 06/01/2023 | £42k | £86k |
| 06/01/2022 | £51k | £34k |
| 06/01/2021 | £74k | £138k |
Common questions
Is THE KATHLEEN SMITH FOUNDATION financially healthy?
The accounts state that the charity held free reserves of £59,830 at the end of the reporting period, down from £113,777 in the previous year. The trustees pursue a policy of maintaining free reserves to cover future needs, contingencies, and risks. No funds were in deficit, and there were no material uncertainties regarding the charity's ability to continue as a going concern. Its FY2025 accounts were independently examined.