SHERBORNE CLASSIC CARS CIO
The charity owns Sherborne Classic and Supercars Limited that runs annually a classic and supercar show to raise funds for local and national charities. The event is held at Sherborne Castle Dorset DT5 9NR.
Objects
FOR THE PUBLIC BENEFIT TO ADVANCE EXCLUSIVELY CHARITABLE PURPOSES (ACCORDING TO THE LAWS OF ENGLAND AND WALES) THAT FROM TIME TO TIME THE TRUSTEES SEE FIT.
Financial health, per its FY2024 accounts
The accounts state that the charity received £70,000 from its trading subsidiary and distributed £65,043 in grants, retaining a balance of £4,957. The trustees report that unrestricted reserves stand at £20,497, which is below their stated policy target of exceeding £22,000. The independent examiner confirmed that accounting records were kept in accordance with the Charities Act and no material matters came to their attention.
What the accounts disclose
“Donation from Sherborne Classic & Supercars Limited 70,000” — page 10
“The reserve fund has been topped up by £4,957 from the proceeds of the 2024 show, and currently stands at £20,497’.” — page 8
“The CIO owns 100% of the share capital of Sherborne Classic & Supercars Limited which, each year, runs a car show to raise funds for the CIO.” — page 10
Policies the charity declares
- Complaints handling
- Complaints policy and procedures
- Conflicting interests
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
Trustees
- Andrew Rousell
- MARK JONATHAN MAIN
- NEIL JAMES BRIGHT
- Olivia Alison Sugg
- Penelope Anne Underwood
- Simon Mark Taylor
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £70k | £65k |
| 31/12/2023 | £55k | £55k |
| 31/12/2022 | £65k | £60k |
| 31/12/2021 | £2k | £0 |
| 31/12/2020 | £0 | £0 |
Common questions
Is SHERBORNE CLASSIC CARS CIO financially healthy?
Per its FY2024 accounts: The accounts state that the charity received £70,000 from its trading subsidiary and distributed £65,043 in grants, retaining a balance of £4,957. The trustees report that unrestricted reserves stand at £20,497, which is below their stated policy target of exceeding £22,000. The independent examiner confirmed that accounting records were kept in accordance with the Charities Act and no material matters came to their attention. Its FY2024 accounts were independently examined.