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CHARITY OF SIR THOMAS WHITE, WARWICK

Registered charity 1073331 · accounts filings on the Charity Commission register

The Charity provides interest-free loans for young people establishing a business in Warwick and also to young people who or whose parents are ordinarily resident in the Town of Warwick by making interest-free loans towards the cost of them undertaking tertiary education courses. Age restriction for both Business and Student loans can be seen on the Charity's web-site.

Objects

TO ASSIST PERSONS IN NEED UNDER 35, BY MAKING INTEREST FREE LOANS WHICH WILL ESTABLISH THEM IN BUSINESS OR ASSIST THEM TO CONTINUE THEIR BUSINESS IN THE TOWN OF WARWICK; AND PERSONS IN NEED UNDER 35 WHOM OR WHOSE PARENTS ARE ORDINARILY RESIDENT IN THE TOWN OF WARWICK BY MAKING INTEREST FREE LOANS TOWARDS THE COST TO THEM OF UNDERTAKING FURTHER EDUCATION OR VOCATIONAL TRAINING.

Area of benefit: WARWICK

The charity’s charitable objects and area of benefit, quoted from its governing document as held on the Charity Commission register.

Causes: Education/training · Economic/community Development/employment · website · Get email alerts

Latest income
£341k
Latest spending
£334k
Registered
1999
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that unrestricted funds total £480,670, which exceeds the charity's stated policy target of maintaining reserves equivalent to nine months of unrestricted expenditure. The trustees confirm that budgeted income and expenditure are sufficient to continue as a going concern with no material uncertainties identified.

Automated summary of the FY2024 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Largest income source: none
“Voluntary income - 318,271” — page 7
Per its FY2024 accounts as filed with the Charity Commission.
Reserves policy: approximately 9 months of unrestricted expenditure (held: £481k)
“It is the policy of the Charity to maintain unrestricted funds at a level which equates to approximately 9 months of unrestricted expenditure.” — page 5
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: The Charity paid £318,271 (2023 - £299,408) to the Foundation as required by the restrictions applied to the income received from Sir Thomas White’s Charity, Coventry.
“During the year, Mr Keeling, a trustee, was also a Governor of Warwick Independent Schools Foundation as the Charity’s Nominative Govemor to the Foundation. The Charity paid £318,271 (2023 - £299,408) to the Foundation as required by the restrictions applied to the income received from Sir Thomas White’s Charity, Coventry.” — page 14
Per its FY2024 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit). Discloses 5 of 6 completeness components.

Policies the charity declares

In its annual return the charity told the Commission that it has the policies listed below. This is self-declared: it is not verified by the Commission or by this site, and it is not evidence of how a policy works in practice.

Trustees · trustee networks

Trustee list from the Charity Commission register (current, not historical).

Operates in: Warwickshire

Income and spending

Financial year endIncomeSpending
31/12/2025£341k£334k
31/12/2024£334k£325k
31/12/2023£313k£306k
31/12/2022£285k£282k
31/12/2021£272k£268k

Common questions

Is CHARITY OF SIR THOMAS WHITE, WARWICK financially healthy?

Per its FY2024 accounts: The accounts state that unrestricted funds total £480,670, which exceeds the charity's stated policy target of maintaining reserves equivalent to nine months of unrestricted expenditure. The trustees confirm that budgeted income and expenditure are sufficient to continue as a going concern with no material uncertainties identified. Its FY2024 accounts were independently examined.