THE FIFTY FUND
The objective of the Fifty Fund is to provide the relief of persons resident in Nottinghamshire who are in need, hardship or distress and, as far as possible, funds are used in this way. Income not utilised as above is, if considered appropriate, donated to charities with similar aims to the Fifty Fund on the basis that such funds are used to help individuals and families in need who are resident
Financial health, per its FY2024 accounts
The accounts state that total unrestricted funds increased to £8,768,458, supported by investment income of £255,283 and gains on revaluation of fixed assets. The trustees maintain a reserves policy aimed at maintaining and increasing the current value of reserves to ensure sufficient income for future grants. The charity reports no material uncertainties regarding its ability to continue as a going concern.
What the accounts disclose
“Dividends - equities 217,989” — page 11
“The trustees have a policy for withdrawal of funds which aims to maintain and, where possible, increase the current value of reserves. The value of total reserves is also maintained to an adequate level in order to provide sufficient income to continue to issue grants within 10% of the level in the current year.” — page 5
Trustees
- Rev AMANDA CARTWRIGHTchair
- Dr David William Hannah
- Jane Patricia Imrie
- Mark Jenkinson
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £255k | £309k |
| 31/12/2023 | £270k | £298k |
| 31/12/2022 | £263k | £322k |
| 31/12/2021 | £262k | £316k |
| 31/12/2020 | £283k | £311k |
Common questions
Is THE FIFTY FUND financially healthy?
Per its FY2024 accounts: The accounts state that total unrestricted funds increased to £8,768,458, supported by investment income of £255,283 and gains on revaluation of fixed assets. The trustees maintain a reserves policy aimed at maintaining and increasing the current value of reserves to ensure sufficient income for future grants. The charity reports no material uncertainties regarding its ability to continue as a going concern. Its FY2024 accounts were audited by Wright Vigar Limited.
Charities like this
- NOTTINGHAM COMMUNITY ALMSHOUSE CHARITY
- THE FRENCH HUGUENOT CHURCH OF LONDON CHARITABLE TRUST
- WORSHIPFUL COMPANY OF FOUNDERS SEXCENTENARY APPEAL FUND
- THE SINCLAIR CHARITY
- RICHMOND TRUST FUND
- Notting Hill Genesis Community Foundation
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| THE FIFTY FUND | £255k | — | 0 | unclear | — | no doubt |
| NOTTINGHAM COMMUNITY ALMSHOUSE CHARITY | £917k | — | 0 | unclear | — | no doubt |
| THE FRENCH HUGUENOT CHURCH OF LONDON CHARITABLE TRUST | £451k | — | 0 | above | — | no doubt |
| WORSHIPFUL COMPANY OF FOUNDERS SEXCENTENARY APPEAL FUND | £223k | — | 0 | within | — | no doubt |
| THE SINCLAIR CHARITY | £654k | — | 0 | above | — | no doubt |
| RICHMOND TRUST FUND | £220k | — | 0 | above | — | no doubt |