SMALLWOOD TRUST
Financial health, per its FY2024 accounts
The accounts state that total funds decreased slightly to £28,482,798 from £28,723,284 in the prior year, driven by a net expenditure of £5,316,304 against income of £3,731,030. The unrestricted funds were in a deficit position of £160,722 at year-end, a situation the trustees attribute to timing differences in transferring funds from the expendable endowment to cover grant expenditures. The trustees confirm the charity has adequate resources to continue as a going concern.
What the accounts disclose
“As noted, unrestricted funds were in a deficit position of £160,722 as at the balance sheet date. This position has simply arisen due to a timing difference in the transfer of funds from the expendable endowment fund to unrestricted funds to cover a shortfall in grant making/distribution activities.” — page 26
Funders the charity credits
Structured financials (annual return, FY ending 31/12/2024)
Register events
- Received assets from another charity (29/10/2019)
Trustees
- Smallwood Trust (Trustee) Limited
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £3.7m | £5.3m |
| 31/12/2023 | £2.1m | £3.9m |
| 31/12/2022 | £1.3m | £3.1m |
| 31/12/2021 | £2.1m | £4.2m |
| 31/12/2020 | £3.7m | £5.1m |
Common questions
Is SMALLWOOD TRUST financially healthy?
The accounts state that total funds decreased slightly to £28,482,798 from £28,723,284 in the prior year, driven by a net expenditure of £5,316,304 against income of £3,731,030. The unrestricted funds were in a deficit position of £160,722 at year-end, a situation the trustees attribute to timing differences in transferring funds from the expendable endowment to cover grant expenditures. The trustees confirm the charity has adequate resources to continue as a going concern. Its FY2024 accounts were audited by Dains Audit Limited.
Who funds SMALLWOOD TRUST?
Funders whose own accounts filings name SMALLWOOD TRUST as a grant recipient include BRIDGE HOUSE ESTATES, ROSA FUND, THE HAPPY BABY COMMUNITY, THE LOPPYLUGS AND BARBARA MORRISON CHARITABLE TRUST.
Known funders
| Funder | Year | Amount |
|---|---|---|
| BRIDGE HOUSE ESTATES | FY2023 | £864k |
| ROSA FUND | FY2022 | £807k |
| THE HAPPY BABY COMMUNITY | FY2024 | £25k |
| THE HAPPY BABY COMMUNITY | FY2023 | £25k |
| THE HAPPY BABY COMMUNITY | FY2023 | £25k |
| THE LOPPYLUGS AND BARBARA MORRISON CHARITABLE TRUST | FY2023 | £9k |
| THE LOPPYLUGS AND BARBARA MORRISON CHARITABLE TRUST | FY2022 | £8k |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ALL HALLOWS BY THE TOWER WITH ST. DUNSTAN'S IN THE EAST, LONDON | 1 | £40k |
| CORAM LIFE EDUCATION | 1 | £20k |
| LLOYDS BANK FOUNDATION FOR ENGLAND & WALES | 1 | £20k |
| ATTEND | 1 | £11k |