SMITHCORP CHARITABLE TRUST
prevention and relief of poverty in any part of the world; provision of facilities in the interests of social welfare for leisure-time occupations; the relief of financial hardship of people by making grants or by the provision of facilities; to further such other activities which are exclusively charitable according to the law of England and Wales and trustee discretion
Objects
2.2 THE OBJECTS (THE "OBJECTS") OF THE TRUST ARE, FOR THE PUBLIC BENEFIT:(A) THE PREVENTION AND RELIEF OF POVERTY IN ANY PART OF THE WORLD BY THE PROVISION OF GRANTS, EQUIPMENT AND SERVICES TO INDIVIDUALS, ORGANISATIONS IN NEED AND OTHER ORGANISATIONS WORKING TO RELIEVE POVERTY;(B) TO PROVIDE OR ASSIST IN THE PROVISION OF FACILITIES IN THE INTERESTS OF SOCIAL WELFARE FOR RECREATION OR OTHER LEISURE-TIME OCCUPATIONS OF INDIVIDUALS WHO HAVE NEED OF SUCH FACILITIES BY REASON OF THEIR YOUTH, AGE, INFIRMITY, DISABILITY, FINANCIAL HARDSHIP OR SOCIAL CIRCUMSTANCES WITH THE AIM OF IMPROVING THEIR CONDITIONS OF LIFE;(C) THE RELIEF OF FINANCIAL HARDSHIP, EITHER GENERALLY OR INDIVIDUALLY, OF PEOPLE IN ANY PART OF THE WORLD BY MAKING GRANTS OR BY THE PROVISION OF EQUIPMENT, SERVICES OR FACILITIES; AND(D) TO FURTHER SUCH OTHER OBJECTS OR PURPOSES WHICH ARE EXCLUSIVELY CHARITABLE ACCORDING TO THE LAW OF ENGLAND AND WALES IN ANY PART OF THE WORLD AND IN SUCH MANNER AS THE TRUSTEES MAY IN THEIR ABSOLUTE DISCRETION THINK FIT.
Financial health, per its FY2024 accounts
The accounts state that the charity generated a surplus of £4,542 for the year ended 31 December 2024, with total income of £68,304 and total expenditure of £63,762. The trustees report that unrestricted funds stood at £61,271 at year-end, which is above the stated policy target of six months to a year's expenditure. The charity relies heavily on donations from staff of SmithCorp Limited and has been assessed as having adequate resources to continue in operational existence.
What the accounts disclose
“The majority of the funding for the Charity has come from Charitable Giving donations from the staff of SmithCorp Limited.” — page 5
“It is the policy of the Charity to maintain unrestricted funds, which are free reserves of the Charity, at a level which equates to approximately six months to a year's expenditure.” — page 6
“At the year end, the Charity owed £2,205 (2023: £322) to jjFOX Limited, a company in which the Trustees of SmithCorp Charitable Trust are also directors.” — page 19
Policies the charity declares
- Bullying and harassment policy and procedures
- Complaints policy and procedures
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Safeguarding policy and procedures
- Serious incident reporting policy and procedures
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
Trustees
- ANDREW MARK DODGE LLM,PgDip
- DOMINIC RICHARD SMITH BA PGCE
- Daniel Howard Green
- James Alastair Hodkinson
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £68k | £64k |
| 31/12/2023 | £61k | £57k |
| 31/12/2022 | £74k | £30k |
| 31/12/2021 | £555 | £3k |
| 31/12/2020 | £34k | £57k |
Common questions
Is SMITHCORP CHARITABLE TRUST financially healthy?
Per its FY2024 accounts: The accounts state that the charity generated a surplus of £4,542 for the year ended 31 December 2024, with total income of £68,304 and total expenditure of £63,762. The trustees report that unrestricted funds stood at £61,271 at year-end, which is above the stated policy target of six months to a year's expenditure. The charity relies heavily on donations from staff of SmithCorp Limited and has been assessed as having adequate resources to continue in operational existence. Its FY2024 accounts were independently examined.