THE SIR THOMAS WHITE LOAN CHARITY
The Charity loans amounts up to £20,000 interest free for nine years to persons aged over 18 and under 45 setting up their own business within Leicester(shire) or Rutland, Loans for post-graduate education up to £10,000, interest free for nine years to persons aged over 18 and under 45, who have lived in Leicester(shire)/Rutland for at least 3 years.
Financial health, per its FY2024 accounts
The accounts state that total unrestricted funds increased to £5,071,173, supported by a net income of £142,731 and net gains on investments of £90,187. The charity maintains liquid reserves of £544,458, which exceeds its stated minimum policy target of £236,000, indicating a strong liquidity position. The trustees confirmed that the charity continues to offer significant benefit and has no material uncertainties regarding its ability to continue as a going concern.
What the accounts disclose
“The main income of the charity comes from Sir Thomas White's Charity of Coventry under whose scheme a portion of its clear profit each year is given to The Sir Thomas White Loan Charity. The distribution relevant to the year under review was £326,546” — page 4
“The trustees have also ensured that funds will be available to service the current level of applications, and that cash reserves will be maintained to a minimum of £236,000.”
Trustees
- LUCY JANE WOMACKchair
- ANNE CLARE WHITLOCK
- Amjad Khan
- DAVID ALAN HOPE FCA BSC
- Gaurang Chhotubhai Naik
- Gregory Michael Hollingsworth
- Ivan Richard Court CMgr FCMI
- Linda Neville
- Lisa Louise Botterill
- Mark James Sandall
- Mitesh Chandulal Sodha
- Parmdeep Singh Vadesha
- Paul Brian Douglas Murray
- Phillip Brian Cox
- Samantha Caroline Purvis
- Simi Johal
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £431k | £379k |
| 31/12/2023 | £416k | £329k |
| 31/12/2022 | £377k | £375k |
| 31/12/2021 | £336k | £306k |
| 31/12/2020 | £319k | £223k |
Common questions
Is THE SIR THOMAS WHITE LOAN CHARITY financially healthy?
Per its FY2024 accounts: The accounts state that total unrestricted funds increased to £5,071,173, supported by a net income of £142,731 and net gains on investments of £90,187. The charity maintains liquid reserves of £544,458, which exceeds its stated minimum policy target of £236,000, indicating a strong liquidity position. The trustees confirmed that the charity continues to offer significant benefit and has no material uncertainties regarding its ability to continue as a going concern. Its FY2024 accounts were audited by Sturgess Hutchinson (Leicester) Limited.