Charity Accounts Intelreading the accounts so you don’t have to

THE GOLDSMITH FOUNDATION

Registered charity 1189283 · accounts filings on the Charity Commission register

To provide bursaries to science pupils of The Skinners School from an endowment fund provided by the estate of a science master employed at the school

Causes: Education/training · Other Charitable Purposes · Get email alerts

Latest income
£30k
Latest spending
£32k
Registered
2020
Accounts read
FY2025

Financial health, per its FY2025 accounts

The accounts state that the charity holds unrestricted reserves of £6,805 and intends to gradually deplete funds through grants, with no stated reserves policy. Per the trustees' report, the charity has no ongoing overheads and its financial position is supported by investment assets valued at £233,586. An unauthorized payment of £4,000 by a trustee was identified and fully refunded, with internal controls subsequently updated.

Automated summary of the FY2025 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Governance: Internal control failure regarding banking mandate allowing single signatory, leading to unauthorized trustee payment.
“This transaction was possible as only one signatory is required on the bank mandate which is evidence of insufficient internal control procedures in relation to banking.”
Per its FY2025 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit). Discloses 3 of 6 completeness components.

Trustees · trustee networks

Trustee list from the Charity Commission register (current, not historical).

Operates in: Kent

Income and spending

Financial year endIncomeSpending
05/04/2025£30k£32k
05/04/2024£6k£25k
05/04/2023£22k£27k
05/04/2022£9k£28k
05/04/2021£11k£35k

Common questions

Is THE GOLDSMITH FOUNDATION financially healthy?

Per its FY2025 accounts: The accounts state that the charity holds unrestricted reserves of £6,805 and intends to gradually deplete funds through grants, with no stated reserves policy. Per the trustees' report, the charity has no ongoing overheads and its financial position is supported by investment assets valued at £233,586. An unauthorized payment of £4,000 by a trustee was identified and fully refunded, with internal controls subsequently updated. Its FY2025 accounts were independently examined.