THE ERIC F SPARKES CHARITABLE TRUST
General support for charities throughout England and Wales, particularly in Birmingham, Devon, South Wales and London.
Financial health, per its FY2024 accounts
The accounts state that the Trust's unrestricted reserves stood at £1,352,658 at year-end, an increase from the previous year. The Trustees note that investment income is insufficient to cover grant expenditures, resulting in a deficit that is covered by capital growth in the investment portfolio. The Trust relies entirely on its endowment for funding and has no stated reserves policy target other than maintaining sufficient reserves to generate income for donations.
What the accounts disclose
“The Trustees aim to maintain sufficient reserves to generate sufficient investment income, on a total return basis, to maintain the Trust’s level of donations in real terms on an ongoing basis.” — page 3
“Additionally trustees incurred costs of £1,163 on behalf of the Trust (2023 - £450) which they have waived as a donation to the fund. This amount has been added to Donations and to the relevant expense headings.” — page 11
Trustees
- JOHN MICHAEL DAVIES
- JOSEPHINE CELIA DAVIES
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £41k | £46k |
| 31/12/2023 | £39k | £45k |
| 31/12/2022 | £38k | £44k |
| 31/12/2021 | £35k | £45k |
| 31/12/2020 | £36k | £39k |
Common questions
Is THE ERIC F SPARKES CHARITABLE TRUST financially healthy?
Per its FY2024 accounts: The accounts state that the Trust's unrestricted reserves stood at £1,352,658 at year-end, an increase from the previous year. The Trustees note that investment income is insufficient to cover grant expenditures, resulting in a deficit that is covered by capital growth in the investment portfolio. The Trust relies entirely on its endowment for funding and has no stated reserves policy target other than maintaining sufficient reserves to generate income for donations. Its FY2024 accounts were independently examined.