THE SINCLAIR CHARITY
Financial health, per its FY2022 accounts
The accounts state that unrestricted reserves stood at £14,619,026, a decrease from the previous year's £16,456,747, primarily due to fair value losses on investments. The trustees report that they are satisfied with the level of reserves and intend to hold investments for the long term to generate income for charitable activities. No material uncertainties regarding the charity's ability to continue as a going concern were identified.
What the accounts disclose
“The trustees aim to maintain reserves at a level whereby current levels of expenditure incurred in the key activities of the Charity can be solely funded from investment income.”
“In the prior period the charity received a legacy of 540k from the estate of a close family member of one of the trustees.” — page 19
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- DUNCAN MORRALL SINCLAIRchair
- ANDREW KENNETH STUBBS
- Corrine Rochelle Sinclair
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £654k | £688k |
| 31/12/2023 | £732k | £688k |
| 31/12/2022 | £754k | £615k |
| 31/12/2021 | £963k | £543k |
| 31/12/2020 | £4.3m | £878k |
Common questions
Is THE SINCLAIR CHARITY financially healthy?
The accounts state that unrestricted reserves stood at £14,619,026, a decrease from the previous year's £16,456,747, primarily due to fair value losses on investments. The trustees report that they are satisfied with the level of reserves and intend to hold investments for the long term to generate income for charitable activities. No material uncertainties regarding the charity's ability to continue as a going concern were identified. Its FY2022 accounts were audited by TC Group.