THE SOCIETY OF MOTOR MANUFACTURERS AND TRADERS CHARITABLE TRUST FUND

Registered charity 209852 · accounts filings on the Charity Commission register

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

Causes: Education/training · The Prevention Or Relief Of Poverty · Economic/community Development/employment · Get email alerts

Latest income
£36k
Latest spending
£63k
Registered
1965
Accounts read
FY2024

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.

Automated summary of the FY2024 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Reserves policy: minimum of £1,000,000 in reserves, subject to annual CPI inflationary rises from 2021 onwards (held: £1.4m)
SCTF will always retain a minimum of £1,000,000 in reserves, subject to annual CPI inflationary rises from 2021 onwards. — page 6
Per its FY2024 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit). Discloses 4 of 6 completeness components.

Trustees · trustee networks

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

Operates in: Throughout England And Wales

Income and spending

Financial year endIncomeSpending
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.