THE STEVE SINNOTT FOUNDATION
Financial health, per its FY2024 accounts
The accounts state that unrestricted reserves increased to £145,233, which is above the trustees' stated policy target of approximately £70,000. The charity reported a net income surplus of £59,108 for the year, driven by increased donations, and confirms adequate resources to continue in operational existence.
What the accounts disclose
“The Trustees wish to maintain reserves equal to 12 months of operating costs and if reserves fell below this level, a meeting of the trustees would be held to agree appropriate action. This reserves policy currently reflects a minimum level of reserves of circa £70,000.” — page 6
Trustees
- JERRY GLAZIERchair
- MARY SINNOTT
- Mandekh Hussein
- Sambhawana Tiwari-Aiyar
- Sue Rayment
- Warren Andrew John Chambers
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £313k | £255k |
| 31/12/2023 | £201k | £263k |
| 31/12/2022 | £199k | £203k |
| 31/12/2021 | £199k | £207k |
| 31/12/2020 | £183k | £161k |
Common questions
Is THE STEVE SINNOTT FOUNDATION financially healthy?
The accounts state that unrestricted reserves increased to £145,233, which is above the trustees' stated policy target of approximately £70,000. The charity reported a net income surplus of £59,108 for the year, driven by increased donations, and confirms adequate resources to continue in operational existence. Its FY2024 accounts were independently examined.
Who funds THE STEVE SINNOTT FOUNDATION?
Funders whose own accounts filings name THE STEVE SINNOTT FOUNDATION as a grant recipient include TEACHERS GROUP EDUCATIONAL TRUST, THE OPENWORK FOUNDATION.
Known funders
| Funder | Year | Amount |
|---|---|---|
| TEACHERS GROUP EDUCATIONAL TRUST | FY2024 | £205k |
| TEACHERS GROUP EDUCATIONAL TRUST | FY2022 | £100k |
| TEACHERS GROUP EDUCATIONAL TRUST | FY2021 | £100k |
| THE OPENWORK FOUNDATION | FY2022 | £10k |