THE SPENCER WILLS TRUST
The Trust supports charities associated with the arts and local organisations of particular personal interest to the trustees.
Financial health, per its FY2025 accounts
The accounts state that the charity reported a net deficit of £178 for the year ended 31 March 2025, resulting from expenditure exceeding income. Total unrestricted reserves stood at £1,810,301, with the trustees designating approximately six months of income to cover administration costs and emergency grants. The trustees consider the investment portfolio valuation sufficient to sustain the charity for at least twelve months.
What the accounts disclose
“It is the trustees’ intention to make a full distribution of income to worthwhile charitable causes but consider it appropriate to retain approximately 6 months income to cover administration costs and to respond to emergency applications for grants which arise from time to time.” — page 4
Trustees
- MICHAEL RUDMANchair
- Henry Alexander Spencer Wills
- Sarah Anne Braxton
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £48k | £67k |
| 31/03/2024 | £48k | £67k |
| 31/03/2023 | £47k | £68k |
| 31/03/2022 | £47k | £57k |
| 31/03/2021 | £51k | £11k |
Common questions
Is THE SPENCER WILLS TRUST financially healthy?
Per its FY2025 accounts: The accounts state that the charity reported a net deficit of £178 for the year ended 31 March 2025, resulting from expenditure exceeding income. Total unrestricted reserves stood at £1,810,301, with the trustees designating approximately six months of income to cover administration costs and emergency grants. The trustees consider the investment portfolio valuation sufficient to sustain the charity for at least twelve months. Its FY2025 accounts were independently examined.