THE SOCIETY OF MOTOR MANUFACTURERS AND TRADERS CHARITABLE TRUST FUND
To grant relief to poor persons who had held responsible positions in the Motor Trade and their dependents.To make periodical grants for the relief or benefit of any young person or young persons of poor indigent or other circumstance requiring assistance to establish employment within the automotive sector
Financial health, per its FY2024 accounts
The accounts state that the charity holds unrestricted reserves of £1,395,421, which exceeds its stated policy target of retaining a minimum of £1,000,000. The charity reported a net gain of £78,736 for the year, driven by investment gains, and maintains adequate resources to continue in operational existence.
What the accounts disclose
“SCTF will always retain a minimum of £1,000,000 in reserves, subject to annual CPI inflationary rises from 2021 onwards.” — page 6
Trustees
- ANTHONY WALKER
- Alexander Smith
- BILL PARFITT
- Darren Morris
- GARETH PHILLIP JONES
- GLENN CRAIG SAINT
- George Gillespie
- JOE GREENWELL
- JOHN MITCHELL NEILL
- Kevin Micheal Flanagan
- LORD GEORGE SIMPSON OF DUNKELD
- Laurence Drake
- MR MIKE BAUNTON CBE
- MR TOD EVANS
- Michael Hague-Morgan
- ROBIN SHAW
- TIM ABBOTT
- TREVOR COURTNAY BONNER
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £36k | £63k |
| 31/12/2023 | £36k | £128k |
| 31/12/2022 | £29k | £78k |
| 31/12/2021 | £35k | £141k |
| 31/12/2020 | £38k | £45k |
Common questions
Is THE SOCIETY OF MOTOR MANUFACTURERS AND TRADERS CHARITABLE TRUST FUND financially healthy?
Per its FY2024 accounts: The accounts state that the charity holds unrestricted reserves of £1,395,421, which exceeds its stated policy target of retaining a minimum of £1,000,000. The charity reported a net gain of £78,736 for the year, driven by investment gains, and maintains adequate resources to continue in operational existence. Its FY2024 accounts were independently examined.