THE SAMUEL SMITH'S AND SPENCER'S CHARITIES
Objects an ActivitiesThe principle objects and activities of the charity are:To pay pensions to needy persons who are resident in the City of Coventry and the Parish of Bedworth.To make payments to persons resident in the said City for relief in need.
Objects
1. THE PURCHASE OF BIBLES FOR DISTRIBUTION TO 20 YOUNG PERSONS OF WHOM 16 ARE RESIDENT IN THE CITY OF COVENTRY AND 4 RESIDENT IN THE AREA OF THE ANCIENT PARISH OF BEDWORTH IN THE COUNTY OF WARWICK. 2. IN PAYING PENSIONS IN ACCORDANCE WITH THE PROVISIONS CONTAINED IN THE SCHEME 3. FOR RELIEF IN NEED.
Financial health, per its FY2025 accounts
The accounts state that the charity reported a net movement in funds of £160,015 for the year ended 31 December 2025, driven by significant unrealised gains on investments. Total net assets increased to £2,458,255, with unrestricted reserves (accumulated income fund) standing at £153,845. The trustees note that the charity is reliant on investment income to support its activities.
What the accounts disclose
“Income from Investments 65,858” — page 7
“It is the trustees’ policy to maintain a level of reserves so as to continue to receive sufficient income from investments to support planned future activities.” — page 5
“The charity is reliant on the income from its investments, which was £65,858 (2024 - £65,345).” — page 5
Policies the charity declares
- 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
- Safeguarding policy and procedures
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
Register events
- Received assets from another charity (08/08/2014)
Trustees
- Claire French
- Dr RICHARD JAMES BALLANTINE
- Ian Walter Simpson
- JSF GRINDLAY
- Jane Elizabeth Sarginson
- Paul John Moorcroft
- Stephen James Pannell
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2025 | £68k | £78k |
| 31/12/2024 | £66k | £75k |
| 31/12/2023 | £66k | £60k |
| 31/12/2022 | £60k | £69k |
| 31/12/2021 | £55k | £61k |
Common questions
Is THE SAMUEL SMITH'S AND SPENCER'S CHARITIES financially healthy?
Per its FY2025 accounts: The accounts state that the charity reported a net movement in funds of £160,015 for the year ended 31 December 2025, driven by significant unrealised gains on investments. Total net assets increased to £2,458,255, with unrestricted reserves (accumulated income fund) standing at £153,845. The trustees note that the charity is reliant on investment income to support its activities. Its FY2025 accounts were independently examined.