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THE MARTIN SMITH FOUNDATION

Registered charity 1150753 · accounts filings on the Charity Commission register

Latest income
£1.3m
Latest spending
£226k
Registered
2013
Accounts read
FY2023

Financial health, per its FY2023 accounts

The accounts state that unrestricted funds increased to £1,048,177, exceeding the trustees' policy target of three to six months' expenditure. The charity reported a net income of £144,092 for the year, driven by new donations of £527,047, while maintaining sufficient liquid assets to continue as a going concern.

What the accounts disclose

Reserves policy: three and six month's expenditure (held: £1.0m)
“It is the policy of the charity that unrestricted funds should be maintained at a level equivalent to between three and six month's expenditure, not allowing for special projects.” — page 5
Per its FY2023 accounts as filed with the Charity Commission.
Related-party transaction: Legal and professional fees were paid to Charles Russell Speechlys LLP of £319 (2022: £696). B G Peerless, who is a trustee, is a partner at Charles Russell Speechlys LLP.
“Legal and professional fees were paid to Charles Russell Speechlys LLP of £319 (2022: £696). B G Peerless, who is a trustee, is a partner at Charles Russell Speechlys LLP.” — page 18
“During the year to 31 December 2023, the charity made donations totalling £10,000 (2022: £50,000) to the Orchestra of the Age of Enlightenment Trust. Sir Martin Smith, who is a trustee, is also a trustee of the Orchestra of the Age of Enlightenment Trust.” — page 18
Per its FY2023 accounts as filed with the Charity Commission.
Related-party transaction: During the year to 31 December 2023, the charity made donations totalling £10,000 (2022: £50,000) to the Orchestra of the Age of Enlightenment Trust. Sir Martin Smith, who is a trustee, is also a trustee of the Orchestra of the Age of Enlightenment Trust.
“Legal and professional fees were paid to Charles Russell Speechlys LLP of £319 (2022: £696). B G Peerless, who is a trustee, is a partner at Charles Russell Speechlys LLP.” — page 18
“During the year to 31 December 2023, the charity made donations totalling £10,000 (2022: £50,000) to the Orchestra of the Age of Enlightenment Trust. Sir Martin Smith, who is a trustee, is also a trustee of the Orchestra of the Age of Enlightenment Trust.” — page 18
Per its FY2023 accounts as filed with the Charity Commission.
Related-party transaction: Also during the year, the charity made donations totalling £nil (2022: £30,000) to ClientEarth. Sir Martin Smith, who is a trustee, is also a trustee of ClientEarth.
“Legal and professional fees were paid to Charles Russell Speechlys LLP of £319 (2022: £696). B G Peerless, who is a trustee, is a partner at Charles Russell Speechlys LLP.” — page 18
“During the year to 31 December 2023, the charity made donations totalling £10,000 (2022: £50,000) to the Orchestra of the Age of Enlightenment Trust. Sir Martin Smith, who is a trustee, is also a trustee of the Orchestra of the Age of Enlightenment Trust.” — page 18
Per its FY2023 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit).

Structured financials (annual return, FY ending 31/12/2024)

Total income
£1.3m
Total spending
£226k
Cost of raising funds
£5k
Reserves (reported)
£2.2m
Employees
0

Reported reserves equal ~119.2 months of spending — in the top quarter for charities its size (median 4.8 months; benchmarks).

Register events

Trustees

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£1.3m£226k
31/12/2023£580k£391k
31/12/2022£40k£444k
31/12/2021£31k£210k
31/12/2020£31k£194k

Common questions

Is THE MARTIN SMITH FOUNDATION financially healthy?

The accounts state that unrestricted funds increased to £1,048,177, exceeding the trustees' policy target of three to six months' expenditure. The charity reported a net income of £144,092 for the year, driven by new donations of £527,047, while maintaining sufficient liquid assets to continue as a going concern. Its FY2023 accounts were independently examined.

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