APPRENTICING CHARITY
Provision of financial assistance for persons preparing for, or entering into, any profession, trade, occupation or service and the promotion of their education with preference to those aged under 25 or those connected to the saddlery trade and who are resident and/or work within 25 miles of Central London or the District of Walsall
Financial health, per its FY2025 accounts
The accounts state that the charity holds unrestricted free reserves of £44,615, which the trustees consider sufficient as they aim to distribute sums equivalent to net income annually. The charity reports a satisfactory financial position with total net assets of £1,533,766 and no material uncertainties regarding its ability to continue as a going concern.
What the accounts disclose
“the Trustee concluded that as a grant-giving body which aims to distribute each year sums equivalent to its net income, there is no need for material reserves.”
“During the year, the Apprenticing Charity paid £10,000 to the Saddlers’ Company Charitable Fund as a donation towards the Walsall Leather Skills Centre (2024: £10,000).” — page 18
“Bursaries to apprentices for training, accommodation and qualification fees of £11,750 (2024: £14,100) were paid directly to the Saddlery Training Centre which is owned and managed by a member of the Livery.” — page 18
“During the year, the Apprenticing Charity paid £10,000 to the Saddlers’ Company Charitable Fund as a donation towards the Walsall Leather Skills Centre (2024: £10,000).” — page 18
“Bursaries to apprentices for training, accommodation and qualification fees of £11,750 (2024: £14,100) were paid directly to the Saddlery Training Centre which is owned and managed by a member of the Livery.” — page 18
Trustees
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £51k | £47k |
| 31/03/2024 | £54k | £51k |
| 31/03/2023 | £52k | £56k |
| 31/03/2022 | £48k | £60k |
| 31/03/2021 | £49k | £33k |
Common questions
Is APPRENTICING CHARITY financially healthy?
Per its FY2025 accounts: The accounts state that the charity holds unrestricted free reserves of £44,615, which the trustees consider sufficient as they aim to distribute sums equivalent to net income annually. The charity reports a satisfactory financial position with total net assets of £1,533,766 and no material uncertainties regarding its ability to continue as a going concern. Its FY2025 accounts were independently examined.