THE SCS TRUST
Latest income
£166k
Latest spending
£113k
Registered
2019
Accounts read
FY2023
Financial health, per its FY2023 accounts
The accounts state that unrestricted reserves stood at £345,588, an increase from the previous year's £242,028. The trustees concluded that no specific reserves policy target is needed because the trust retains the power to accumulate income. The charity reported a net movement in funds of £762,486, driven by investment gains and donations.
What the accounts disclose
Reserves policy: no reserves need to be retained whilst the power to accumulate income remains available (held: £346k)
“The Trustees discussed the need for reserves, and concluded that no reserves need to be retained whilst the power to accumulate income remains available.” — page 5
Per its FY2023 accounts as filed with the Charity Commission.
Related-party transaction: Donations received from trustees
“During the year, the aggregate donations, before gift aid, received from trustees without conditions were £230,000 (2022 - £200,000) and £nil (2022 - £nil) with conditions.” — page 13
Per its FY2023 accounts as filed with the Charity Commission.
Trustees
- SAMUEL COMPTON SWIREchair
- CHARLES JOSEPH DOWDING TODHUNTER
- LORD RALPH WILLIAM ROBERT THOMAS CAMOYS
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £166k | £113k |
| 31/12/2023 | £164k | £61k |
| 31/12/2022 | £137k | £79k |
| 31/12/2021 | £497k | £386k |
| 31/12/2020 | £103k | £41k |
Common questions
Is THE SCS TRUST financially healthy?
The accounts state that unrestricted reserves stood at £345,588, an increase from the previous year's £242,028. The trustees concluded that no specific reserves policy target is needed because the trust retains the power to accumulate income. The charity reported a net movement in funds of £762,486, driven by investment gains and donations. Its FY2023 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| SAMJO LIMITED | 1 | £904k |
| MOLE CHARITABLE TRUST | 1 | £95k |
| DILLHAVEN LIMITED | 1 | £71k |
| J & J CHARITABLE TRUST LIMITED | 1 | £17k |
| KTRUST LIMITED | 1 | £12k |