SPICMA
Financial health, per its FY2024 accounts
The accounts state that total funds decreased to £168,256 from £198,821 in the prior year, resulting in a net expenditure of £30,565. The charity maintains a reserves policy requiring a minimum of £100,000, and its unrestricted reserves of £168,256 remain above this threshold. The trustees confirm the charity has adequate resources to continue as a going concern with no material uncertainties.
What the accounts disclose
“The Charity’s policy on reserves is to hold a minimum of £100,000”
“During the financial year Trustees made donations totalling £2,560 (2023: £2,455)” — page 21
“After the year end a Trustee made a donation of £1,500 to compensate for a grant incorrectly being sent to the receipient twice.” — page 21
“During the financial year Trustees made donations totalling £2,560 (2023: £2,455)” — page 21
“After the year end a Trustee made a donation of £1,500 to compensate for a grant incorrectly being sent to the receipient twice.” — page 21
Structured financials (annual return, FY ending 31/12/2022)
Register events
- Received assets from another charity (11/07/2023)
- Received assets from another charity (22/12/2020)
Trustees
- CHRISTOPHER PAGEchair
- Ben Jones
- CATHLEEN MARIE FORMAN
- MARGARET PHELAN
- SAMUEL EWING
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £332k | £363k |
| 31/12/2023 | £347k | £318k |
| 31/12/2022 | £567k | £626k |
| 31/12/2021 | £342k | £286k |
| 31/12/2020 | £307k | £555k |
Common questions
Is SPICMA financially healthy?
The accounts state that total funds decreased to £168,256 from £198,821 in the prior year, resulting in a net expenditure of £30,565. The charity maintains a reserves policy requiring a minimum of £100,000, and its unrestricted reserves of £168,256 remain above this threshold. The trustees confirm the charity has adequate resources to continue as a going concern with no material uncertainties. Its FY2024 accounts were independently examined.
Who funds SPICMA?
Funders whose own accounts filings name SPICMA as a grant recipient include THE DAUGHTERS OF JESUS CIO.
Known funders
| Funder | Year | Amount |
|---|---|---|
| THE DAUGHTERS OF JESUS CIO | FY2024 | £6k |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| ACHISOMOCH AID COMPANY LIMITED | 1 | £106k |
| BEIS MENACHEM CHABAD LUBAVITCH | 1 | £102k |
| EDUCATIONAL OPPORTUNITY FOUNDATION | 1 | £90k |
| CHASEHAWK LIMITED | 1 | £65k |
| THE COLES-MEDLOCK FOUNDATION | 1 | £40k |
| THE BEATRICE GILMORE CHARITABLE TRUST | 1 | £27k |
| YESHIVAS LUBAVITCH MANCHESTER | 1 | £20k |
| DONATING CHARITY LIMITED | 1 | £18k |