Charity Accounts Intelreading the accounts so you don’t have to

SMITHCORP CHARITABLE TRUST

Registered charity 1147006 · accounts filings on the Charity Commission register

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

Causes: General Charitable Purposes · The Prevention Or Relief Of Poverty · Economic/community Development/employment · website · Get email alerts

Latest income
£68k
Latest spending
£64k
Registered
2012
Accounts read
FY2024

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.

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

What the accounts disclose

Largest income source: Donations and legacies (100% of income)
“The majority of the funding for the Charity has come from Charitable Giving donations from the staff of SmithCorp Limited.” — page 5
Per its FY2024 accounts as filed with the Charity Commission.
Reserves policy: approximately six months to a year's expenditure (held: £61k)
“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
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Owed £2,205 to jjFOX Limited, a company in which the Trustees are also directors.
“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
Per its FY2024 accounts as filed with the Charity Commission.

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

Trustees · trustee networks

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

Operates in: Throughout England And Wales

Income and spending

Financial year endIncomeSpending
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.