THE PRUDENCE SCOTT CHARITABLE TRUST
The trustees make grants of income or capital to charitable institutions or foundations for general charitable purposes or any special charitable purposes thereof respectively.However, it is the intention of the trustees to consciously consider the funding of an award or loan to support an appropriate artist working in the field of plastic art.
Financial health, per its FY2025 accounts
The charity holds unrestricted reserves of £1,404,513, which the Trustees consider sufficient to cover budgeted expenditure for the foreseeable future. The accounts were prepared on a going concern basis with no material uncertainties identified. The charity reported a net deficit for the year as investment income and voluntary donations were lower than charitable expenditure.
What the accounts disclose
“Investment income of £27,540 (2024 - £18,465) was received during the year.” — page 7
“The Trustees’ policy has been to generate sufficient income in order to meet their expected level of charitable activities each year.” — page 8
“One Trustee is due £6,819 (2024: £6,819) in respect of charitable expenditure they incurred on behalf of the charity. This will be reimbursed to them in the next accounting year.” — page 16
“Fees of £2,070 (inclusive of VAT) were charged by Currey & Co LLP for legal services in which a Trustee is a partner (2024: £4,980).” — page 16
“One Trustee is due £6,819 (2024: £6,819) in respect of charitable expenditure they incurred on behalf of the charity. This will be reimbursed to them in the next accounting year.” — page 16
“Fees of £2,070 (inclusive of VAT) were charged by Currey & Co LLP for legal services in which a Trustee is a partner (2024: £4,980).” — page 16
Structured financials (annual return, FY ending 05/04/2024)
Trustees
- Felicity Annette Rice
- Madeleine Scott
- Rebecca Anne Scott
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 05/04/2025 | £32k | £80k |
| 05/04/2024 | £1.1m | £69k |
| 05/04/2023 | £79k | £80k |
| 05/04/2022 | £14k | £62k |
| 05/04/2021 | £15k | £41k |
Common questions
Is THE PRUDENCE SCOTT CHARITABLE TRUST financially healthy?
Per its FY2025 accounts: The charity holds unrestricted reserves of £1,404,513, which the Trustees consider sufficient to cover budgeted expenditure for the foreseeable future. The accounts were prepared on a going concern basis with no material uncertainties identified. The charity reported a net deficit for the year as investment income and voluntary donations were lower than charitable expenditure. Its FY2025 accounts were independently examined.