THE SMITH (HALTWHISTLE AND DISTRICT) CHARITABLE TRUST
The Income of the charity is derived from investments and the annual donations made by the charity cover a wide range of activities. Particular emphasis is given to charities operating in the South Tyne area of Northumberland.
Objects
TO APPLY ALL OR SUCH SUMS OF MONEY AS THEY SHALL RECEIVE UNDER OR BY VIRTUE OF THE GOVERNING INSTRUMENT FOR THE BENEFIT OF SUCH CHARITABLE TRUSTS AND SUCH CHARITABLE PURPOSES AS THE TRUSTEES SHALL IN THEIR ABSOLUTE AND UNCONTROLLED DISCRETION FROM TIME TO TIME DETERMINE.
Financial health, per its FY2025 accounts
The accounts state that unrestricted reserves stood at £267,112, which the Trustees consider reasonable against a policy target of approximately £50,000. The charity reported a net movement in funds of a loss of £113 for the year, driven by investment losses that outweighed its income. The Trustees confirmed the charity is a going concern with adequate resources for the foreseeable future.
What the accounts disclose
“Dividends and interest on securities 77,057” — page 13
“The Trustees have reviewed the Charitable Trust's reserve policy which would require that reserves of approximately £50,000 should be maintained” — page 5
Policies the charity declares
- Financial reserves policy and procedures
- Investing charity funds policy and procedures
- Investment
- Risk management
- Trustee conflicts of interest policy and procedures
Trustees
- PROFESSOR RICHARD ANNANDALE DOUGLAS PATTRICKchair
- Councillor Alan Sharp
- MAJOR RIDLEY RICHARD ROBSON CLAYBURN
- NIGEL CLAUDE NEVIN CLAYBURN
- Rev Stephen Mark Wright
- SALLY HOPE PATTRICK
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/07/2025 | £79k | £61k |
| 31/07/2024 | £73k | £54k |
| 31/07/2023 | £68k | £43k |
| 31/07/2022 | £71k | £42k |
| 31/07/2021 | £64k | £32k |
Common questions
Is THE SMITH (HALTWHISTLE AND DISTRICT) CHARITABLE TRUST financially healthy?
Per its FY2025 accounts: The accounts state that unrestricted reserves stood at £267,112, which the Trustees consider reasonable against a policy target of approximately £50,000. The charity reported a net movement in funds of a loss of £113 for the year, driven by investment losses that outweighed its income. The Trustees confirmed the charity is a going concern with adequate resources for the foreseeable future. Its FY2025 accounts were independently examined.