ERICA LAWSON CHARITABLE TRUST
Financial health, per its FY2023 accounts
The accounts state that the charity reported a net outgoing resource of £45,211 for the year ended 31 December 2023, a significant improvement from the £416,700 outgoing in the previous year. The trustees maintain unrestricted reserves at a level higher than their stated policy target of three to six months' expenditure, ensuring adequate resources for future activities. The charity holds substantial assets in investment properties and listed investments to generate ongoing income for distribution.
What the accounts disclose
“It is the policy of the trust that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure.” — page 4
“During the year £6,500 (2022: £6,760) was paid to Cynicklee Ltd for rental of office premises. Mr D Williams is a director of Cynicklee Ltd.” — page 17
“A loan of £120,000 was also made a loan to Catreus Ltd which is repayable with interest at 2 years. One of the trustees of the charity is the sole director of Catreus Ltd.” — page 17
“During the year £6,500 (2022: £6,760) was paid to Cynicklee Ltd for rental of office premises. Mr D Williams is a director of Cynicklee Ltd.” — page 17
“A loan of £120,000 was also made a loan to Catreus Ltd which is repayable with interest at 2 years. One of the trustees of the charity is the sole director of Catreus Ltd.” — page 17
Structured financials (annual return, FY ending 31/12/2020)
Trustees
- Cy Williams
- David Williams
- Georgina Ying Ying Lim
- Jonathan Alexander Godsall
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £200k | £173k |
| 31/12/2023 | £165k | £266k |
| 31/12/2022 | £121k | £201k |
| 31/12/2021 | £113k | £222k |
| 31/12/2020 | £7.9m | £241k |
Common questions
Is ERICA LAWSON CHARITABLE TRUST financially healthy?
The accounts state that the charity reported a net outgoing resource of £45,211 for the year ended 31 December 2023, a significant improvement from the £416,700 outgoing in the previous year. The trustees maintain unrestricted reserves at a level higher than their stated policy target of three to six months' expenditure, ensuring adequate resources for future activities. The charity holds substantial assets in investment properties and listed investments to generate ongoing income for distribution. Its FY2023 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| BOURNEHEIGHTS LIMITED | 1 | £305k |
| INVESTREAM CHARITABLE TRUST | 1 | £83k |
| CHARITWORTH LIMITED | 1 | £30k |
| LOFTUS CHARITABLE TRUST | 1 | £25k |
| UK GIVES LTD | 1 | £21k |
| CHASDEI SHLOMO | 1 | £20k |
| BELZ ISRAEL CHARITABLE TRUST | 1 | £20k |
| HOPEGROVE | 1 | £15k |