GEORGE AND THOMAS HENRY SALTER TRUST

Registered charity 216503 · accounts filings on the Charity Commission register · also known as G & T H SALTER TRUST, THE GEORGE AND THOMAS HENRY SALTER TRUST (PENSIONS AND ASSISTANCE FUND), THE SALTER TRUST

Grants to local organisations and individuals for educational purposes and for relief of poverty

Objects

TO ADVANCE EDUCATION IN THE BOROUGH OF SANDWELL. (FOR FURTHER DETAILS SEE CLAUSE 27 OF THE SCHEME) FOR RELIEF IN NEED, EITHER GENERALLY OR INDIVIDUALLY PERSONS RESIDENT IN THE BOROUGH OF SANDWELL. (FOR FURTHER DETAILS SEE CLAUSE 28 OF THE SCHEME).

Area of benefit: BOROUGH OF SANDWELL

The charity’s charitable objects and area of benefit, quoted from its governing document as held on the Charity Commission register.

Causes: Education/training · The Prevention Or Relief Of Poverty · Get email alerts

Latest income

£41k

Latest spending

£76k

Registered

1963

Accounts read

FY2024

Financial health, per its FY2024 accounts

The accounts state that the charity holds unrestricted reserves of £391,816, which the trustees consider reasonable against a policy target of £300,000 to £500,000. Total net assets decreased slightly to £1,469,046, supported by investment growth and sufficient cash resources to continue operations without external funding.

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

What the accounts disclose

Largest income source: Investment income (100% of income)

“Total incoming resources 40,928” — page 17

Per its FY2024 accounts as filed with the Charity Commission.

Reserves policy: between £300,000 and £500,000 (held: £392k)

“The Trustees consider it prudent that the amount of unrestricted reserves should be sufficient to cover future administration and support costs and therefore provide a Reserve of between £300,000 and £500,000.” — page 4

Per its FY2024 accounts as filed with the Charity Commission.

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

Policies the charity declares

In its annual return the charity told the Commission that it has the policies listed below. This is self-declared: it is not verified by the Commission or by this site, and it is not evidence of how a policy works in practice.

Conflicting interests
Financial reserves policy and procedures
Internal charity financial controls policy and procedures
Internal risk management policy and procedures
Investing charity funds policy and procedures
Investment
Risk management

Trustees · trustee networks

DAVID JOHN PAYNEchair
BEN DICKENSON
DIANA MARGARET WILLS · trustee of 2 other charities
HILARY VEASEY PUGH
SIMON NIGEL JERRISON

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

Operates in: Sandwell

Income and spending

Financial year end	Income	Spending
31/12/2024	£41k	£76k
31/12/2023	£42k	£75k
31/12/2022	£35k	£71k
31/12/2021	£32k	£63k
31/12/2020	£34k	£63k

Common questions

Is GEORGE AND THOMAS HENRY SALTER TRUST financially healthy?

Per its FY2024 accounts: The accounts state that the charity holds unrestricted reserves of £391,816, which the trustees consider reasonable against a policy target of £300,000 to £500,000. Total net assets decreased slightly to £1,469,046, supported by investment growth and sufficient cash resources to continue operations without external funding. Its FY2024 accounts were independently examined.