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THE STEEL CHARITABLE TRUST

Registered charity 272384 · accounts filings on the Charity Commission register

Grants are made to a wide range of Charitable bodies and for other charitable purposes as the Trustees think fit

Causes: General Charitable Purposes · Grant history (this charity is a funder) · website · Get email alerts

Latest income
£1.1m
Latest spending
£1.5m
Registered
1976
Accounts read
FY2025

Financial health, per its FY2025 accounts

The accounts state that total unrestricted funds increased to £56,333,384 at the year end, supported by a significant rise in investment portfolio value. However, the Trust reported a reduction in unrestricted funds of £360,396 for the year as grant expenditure exceeded net income. The trustees confirm the Trust has adequate resources to continue its activities for the foreseeable future.

Automated summary of the FY2025 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Largest income source: Investment income (100% of income)
“Investment income and interest receivable 1,094,291” — page 6
Per its FY2025 accounts as filed with the Charity Commission.
Reserves policy: sufficient to meet all known commitments (held: £56.3m)
“The Trust’s reserves policy is to ensure it maintains liquid funds sufficient to meet all known commitments.”
Per its FY2025 accounts as filed with the Charity Commission.

Accounts audited by UHY Hacker Young. Discloses 5 of 6 completeness components.

Structured financials (annual return, FY ending 31/01/2025)

Total income
£1.1m
Total spending
£1.5m
Reserves (reported)
£56.3m
Employees
1

Trustees · trustee networks

Trustee list from the Charity Commission register (current, not historical).

Operates in: Northern Ireland · Scotland · Throughout England And Wales

Income and spending

Financial year endIncomeSpending
31/01/2025£1.1m£1.5m
31/01/2024£1.1m£1.2m
31/01/2023£1.3m£1.6m
31/01/2022£24.9m£1.3m
31/01/2021£1.2m£1.3m

Common questions

Is THE STEEL CHARITABLE TRUST financially healthy?

Per its FY2025 accounts: The accounts state that total unrestricted funds increased to £56,333,384 at the year end, supported by a significant rise in investment portfolio value. However, the Trust reported a reduction in unrestricted funds of £360,396 for the year as grant expenditure exceeded net income. The trustees confirm the Trust has adequate resources to continue its activities for the foreseeable future. Its FY2025 accounts were audited by UHY Hacker Young.