SASC TRUST
SASC Trust is not currently accepting applications as it does not yet have funds available.
Financial health, per its FY2024 accounts
The accounts state that unrestricted reserves increased to £474,489 during the year, supported by investment gains and interest income. The trustees confirmed that the charity has adequate resources to continue in operational existence for at least twelve months with no material uncertainties regarding going concern. The charity holds significant restricted funds of £13,580,557, primarily invested in the Social and Sustainable Housing LP.
What the accounts disclose
“The trustees consider that the charity should hold unrestricted reserves at a level which will enable further grant giving and social investment from both the capital of the charity and the income generated thereon.”
“During the year ended 31 December 2024, the charity incurred expenditure of £20,836 (2023: £20,000) for administration and financial management services from Social and Sustainable Capital LLP. The amount payable to Social and Sustainable Capital LLP at the year ended 31 December 2024 was £4,167 (2023: £80,333). Social and Sustainable Capital LLP is considered to be a related party as it is the sole member of the charity and being responsible for appointing the trustees of the charity.” — page 27
Structured financials (annual return, FY ending 31/12/2020)
Trustees
- CRAIG DEARDEN-PHILLIPS
- Denzel Aseidu-Bouh Amanqwa
- Joe Magic Farnworth-Mayers
- Katharine Jane Farrell
- Kevin Taylor
- Lindsay Pearson
- Ozioma Ihesiene
- Sally Prentice
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £58k | £29k |
| 31/12/2023 | £215k | £227k |
| 31/12/2022 | £252k | £105k |
| 31/12/2021 | £1k | £38k |
| 31/12/2020 | £7.1m | £31k |
Common questions
Is SASC TRUST financially healthy?
Per its FY2024 accounts: The accounts state that unrestricted reserves increased to £474,489 during the year, supported by investment gains and interest income. The trustees confirmed that the charity has adequate resources to continue in operational existence for at least twelve months with no material uncertainties regarding going concern. The charity holds significant restricted funds of £13,580,557, primarily invested in the Social and Sustainable Housing LP. Its FY2024 accounts were audited by Blick Rothenberg Audit LLP.