THE JAMES CAPEL FOUNDATION
The relief of poverty for persons:1. Who are, or have been employed by James Capel & Co., or its sucessor companies in business, or any company associated therewith or who are the wives, widows, husbands, widowers, children, parents or other dependants of any such persons: and2. Are in the opinion of the Trustees necessitous and deserving.
Financial health, per its FY2024 accounts
The accounts state that unrestricted reserves stood at £2,483,497 at the end of the year, which is above the Trustees' stated target range of £1m to £2m. Although charitable expenditure exceeded income by £88,564, this was expected and covered by investment gains, resulting in a net increase in funds.
What the accounts disclose
“Income increased from £47,884 in 2023 to £51,453 in 2024. The cost of raising funds amounted to £6,419 (2023 £6,604).” — page 13
“£6,500 (2023: £6,500) was paid to J Wassell being an honorarium in respect of duties performed as secretary to the Charity during the year.” — page 19
“£6,500 (2023: £6,500) was paid to J Wassell being an honorarium in respect of duties performed as secretary to the Charity during the year.” — page 19
“Reimbursed expenses of £789 include £86 (2023: nil) of travel costs reimbursed to a trustee.” — page 19
“£6,500 (2023: £6,500) was paid to J Wassell being an honorarium in respect of duties performed as secretary to the Charity during the year.” — page 19
“Reimbursed expenses of £789 include £86 (2023: nil) of travel costs reimbursed to a trustee.” — page 19
“£6,500 (2023: £6,500) was paid to J Wassell being an honorarium in respect of duties performed as secretary to the Charity during the year.” — page 19
“Reimbursed expenses of £789 include £86 (2023: nil) of travel costs reimbursed to a trustee.” — page 19
Trustees
- Ian Collierchair
- BRIAN JOHN MARSHALL
- Frances McKeith
- Gregor McNie
- MICHAEL WILFRED PENNEY
- MR MARTIN LATHAM
- Patrick Davidson-Houston
- Ray O'Brien
- Richard Haas
- Robert Paul Jarvis
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £51k | £140k |
| 31/12/2023 | £48k | £119k |
| 31/12/2022 | £36k | £90k |
| 31/12/2021 | £51k | £73k |
| 31/12/2020 | £58k | £87k |
Common questions
Is THE JAMES CAPEL FOUNDATION financially healthy?
Per its FY2024 accounts: The accounts state that unrestricted reserves stood at £2,483,497 at the end of the year, which is above the Trustees' stated target range of £1m to £2m. Although charitable expenditure exceeded income by £88,564, this was expected and covered by investment gains, resulting in a net increase in funds. Its FY2024 accounts were audited by PricewaterhouseCoopers LLP.