THE EARL FITZWILLIAM CHARITABLE TRUST
Financial health, per its FY2025 accounts
The charity holds unrestricted reserves of £22,256,634, comprising an Endowment Fund of £22,264,339 and a General Fund deficit of £7,705. The Trustees have suspended their policy of maintaining positive General Fund reserves, noting that annual charitable expenditure exceeds net income and the resulting deficit is funded by drawing on the expendable Endowment Fund. Despite this, the accounts state there are no material uncertainties regarding the charity's ability to continue as a going concern.
What the accounts disclose
“The policy of maintaining a positive level of General Fund reserves has been suspended and will be kept under review in the light of grant applications received in the years ahead.” — page 6
Year-over-year changes
- Reserves position vs the charity's own policy moved from "above" (FY2024) to "below" (FY2025).
Trustees
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £282k | £391k |
| 31/03/2024 | £292k | £307k |
| 31/03/2023 | £261k | £289k |
| 31/03/2022 | £255k | £271k |
| 31/03/2021 | £276k | £184k |
Common questions
Is THE EARL FITZWILLIAM CHARITABLE TRUST financially healthy?
The charity holds unrestricted reserves of £22,256,634, comprising an Endowment Fund of £22,264,339 and a General Fund deficit of £7,705. The Trustees have suspended their policy of maintaining positive General Fund reserves, noting that annual charitable expenditure exceeds net income and the resulting deficit is funded by drawing on the expendable Endowment Fund. Despite this, the accounts state there are no material uncertainties regarding the charity's ability to continue as a going concern. Its FY2025 accounts were audited by Armstrong Watson Audit Limited.