THE E C SOSNOW CHARITABLE TRUST
Financial health, per its FY2025 accounts
The accounts state that unrestricted reserves amounted to £172,481, which the trustees consider prudent to retain for future obligations and grant flexibility. The charity reported total income of £115,113 and charitable expenditure of £87,000, resulting in a net movement in funds. The auditors confirmed that the charity is a going concern with no material uncertainties identified.
What the accounts disclose
“The Trustees consider it prudent to retain modest unrestricted reserves, which at 5 April 2025 amounted to £172,481 (2024: £164,274), to ensure they can meet future obligations and, in particular, to give them the flexibility to offer adequate grants to appropriate causes which may come to their attention in future.”
“Included in creditors is a loan from The Norman Sosnow Charitable Foundation. Throughout the year the Trustees were also the Trustees of The Norman Sosnow Charitable Foundation, a registered charity, number 279809. The loan from The Norman Sosnow Charitable Foundation is invested with the trust’s own funds. During the year, interest of £4,541 (2024: £2,908) was charged on the loan and this was added to the balance due to The Norman Sosnow Charitable Foundation. This year, £5,000 was paid to charitable institutions on behalf of The Norman Sosnow Charitable Foundation (2024: £5,000). At the year end, the balance owed to The Norman Sosnow Charitable Foundation was £122,699 (2024: £123,158). Donations paid on behalf of The Norman Sosnow Charitable Foundation are not included in the grants listed in note 4 of these accounts as they are accounted for in the financial statements of The Norman Sosnow Charitable Foundation.” — page 20
Trustees
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 05/04/2025 | £115k | £107k |
| 05/04/2024 | £106k | £98k |
| 05/04/2023 | £89k | £75k |
| 05/04/2022 | £74k | £102k |
| 05/04/2021 | £62k | £42k |
Common questions
Is THE E C SOSNOW CHARITABLE TRUST financially healthy?
The accounts state that unrestricted reserves amounted to £172,481, which the trustees consider prudent to retain for future obligations and grant flexibility. The charity reported total income of £115,113 and charitable expenditure of £87,000, resulting in a net movement in funds. The auditors confirmed that the charity is a going concern with no material uncertainties identified. Its FY2025 accounts were audited by Bourner Bullock.