SEDEL - COLLINGS FOUNDATION
Financial health, per its FY2024 accounts
The accounts state that unrestricted reserves increased significantly to £10,700,077, up from £602,005 in the prior year, driven by a net income of £9,551,021 after investment losses. The trustees report adequate resources for the foreseeable future and note that the charity's major risk is the variability of investment returns. No specific reserves policy target is stated, only a general policy to use reserves and investment income to offset expenditure.
What the accounts disclose
“During the year ended 5 April 2024, investments totalling £3,785,068 were held with Satis Wealth Management, a company in which Ross Badger is a director. The investment management fees paid to Satis Wealth Management during the year totalled £14,927.” — page 17
Structured financials (annual return, FY ending 05/04/2024)
Trustees
- Ann Little
- Mary Elizabeth Simpson
- ROSS WYNDHAM BADGER
- Robert Currie
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 05/04/2025 | £361k | £1.3m |
| 05/04/2024 | £10.6m | £1.1m |
| 05/04/2023 | £17k | £777k |
| 05/04/2022 | £28k | £91k |
| 05/04/2021 | £26k | £128k |
Common questions
Is SEDEL - COLLINGS FOUNDATION financially healthy?
The accounts state that unrestricted reserves increased significantly to £10,700,077, up from £602,005 in the prior year, driven by a net income of £9,551,021 after investment losses. The trustees report adequate resources for the foreseeable future and note that the charity's major risk is the variability of investment returns. No specific reserves policy target is stated, only a general policy to use reserves and investment income to offset expenditure. Its FY2024 accounts were audited by Bullimores LLP.
Who funds SEDEL - COLLINGS FOUNDATION?
Funders whose own accounts filings name SEDEL - COLLINGS FOUNDATION as a grant recipient include CORNWALL COMMUNITY FOUNDATION.
Known funders
| Funder | Year | Amount |
|---|---|---|
| CORNWALL COMMUNITY FOUNDATION | FY2022 | £258k |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| JEREMY COLLER FOUNDATION | 1 | £230k |
| THE PRIORY FOUNDATION | 1 | £28k |