THE SMITH FOUNDATION
To promote the education and general welfare of children with special educational needs.Provision of a special school within the meaning of the Education Acts.
Objects
(A) TO PROMOTE THE EDUCATION OF CHILDREN WHO HAVE SPECIAL EDUCATIONAL NEEDS, AND IN PARTICULAR BUT IN NO WAY LIMITING THE GENERALITY OF THE FOREGOING BY THE PROVISION OF A SPECIAL SCHOOL WITHIN THE MEANING OF THE EDUCATION ACTS;(B) TO PROMOTE THE GENERAL WELFARE OF CHILDREN AND YOUNG PERSONS REQUIRING ASSISTANCE WHO HAVE OR HAVE HAD SPECIAL EDUCATIONAL NEEDS, WITH PREFERENCE FOR PUPILS AND FORMER PUPILS OF THE SCHOOL OF THE CHARITY
Financial health, per its FY2025 accounts
The accounts state that the charity reported a net income of £1,634,196 for the year ended 31 March 2025, resulting in total unrestricted reserves of £9,768,205. The trustees maintain a reserves policy target of 50% of annual running costs, and the current unrestricted reserves significantly exceed this threshold. The auditors confirmed that the use of the going concern basis of accounting is appropriate with no material uncertainties identified.
What the accounts disclose
“£100,001 to £110,000 2” — page 23
“Employees with emoluments falling within the following bands: £60,001 to £70,000 2 £70,001 to £80,000 2 £80,001 to £90,000 3 £90,001 to £100,000 - £100,001 to £110,000 2” — page 23
“Fees: Standard 9,410,445” — page 18
“The level of capital investment required in the 5-year strategic plan continues to be balanced against the need to maintain cash reserves at 50% of annual running costs.” — page 7
“During the financial year The Smith Foundation was invoiced £1,542 (2024: £13,068) by PSK Building Surveyors Limited for property consultancy. R Tilbrook was a trustee of The Smith Foundation and a director and shareholder of PSK Building Surveyors Limited during the year. A balance of £Nil (2024: £1,800) was due to PSK Building Surveyors Limited at the year end.” — page 22
“During the financial year The Smith Foundation was invoiced £35,375 (2024: £30,266) by Cuffe and Lacey Associates Limited for RI duties at Boothroyd House. M Cuffe is a trustee of the Smith Foundation and a director and shareholder of Cuffe and Lacey Associates Limited. A balance of £2,647 (2024: £2,131) was due to Cuffe and Lacey Associates Limited at the year end.” — page 22
“During the financial year The Smith Foundation was invoiced £1,542 (2024: £13,068) by PSK Building Surveyors Limited for property consultancy. R Tilbrook was a trustee of The Smith Foundation and a director and shareholder of PSK Building Surveyors Limited during the year. A balance of £Nil (2024: £1,800) was due to PSK Building Surveyors Limited at the year end.” — page 22
“During the financial year The Smith Foundation was invoiced £35,375 (2024: £30,266) by Cuffe and Lacey Associates Limited for RI duties at Boothroyd House. M Cuffe is a trustee of the Smith Foundation and a director and shareholder of Cuffe and Lacey Associates Limited. A balance of £2,647 (2024: £2,131) was due to Cuffe and Lacey Associates Limited at the year end.” — page 22
“The Funds Actuary carried out an exit valuation as at 31 March 2024 and determined the amount required to exit the scheme as at 31 March 2024 to be £1,200,000. This amount was paid in full on 19 July 2024.” — page 25
Policies the charity declares
- Bullying and harassment policy and procedures
- Complaints handling
- Complaints policy and procedures
- Conflicting interests
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Investing charity funds policy and procedures
- Investment
- Paying staff
- Risk management
- Safeguarding policy and procedures
- Safeguarding vulnerable beneficiaries
- Serious incident reporting policy and procedures
- Social media policy and procedures
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
- Volunteer management
What the charity says about itself (2024-2025)
“OUR THERAPIES TEAM PROVIDED SUPPORT TO 41 FAMILIES AND HELD 66 GROUP SESSIONS”
“OUR CAREERS TEAM DESIGNED AND DELIVERED 50+ EVENTS INVOLVING OVER 20 DIFFERENT EMPLOYERS”
Leadership, per the charity’s website
- Sue Ackroyd — CEO / Executive Principal
- Rezina Kelly — Chair of Governors
Property (HM Land Registry)
Structured financials (annual return, FY ending 31/03/2025)
Trustees
- WILLIAM HENRY SMITH FOUNDATION
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £13.4m | £11.8m |
| 31/03/2024 | £11.1m | £10.2m |
| 31/03/2023 | £9.7m | £9.0m |
| 31/03/2022 | £8.3m | £7.5m |
| 31/03/2021 | £7.0m | £6.1m |
Common questions
Is THE SMITH FOUNDATION financially healthy?
Per its FY2025 accounts: The accounts state that the charity reported a net income of £1,634,196 for the year ended 31 March 2025, resulting in total unrestricted reserves of £9,768,205. The trustees maintain a reserves policy target of 50% of annual running costs, and the current unrestricted reserves significantly exceed this threshold. The auditors confirmed that the use of the going concern basis of accounting is appropriate with no material uncertainties identified. Its FY2025 accounts were audited by Shenward LLP.
What does the highest-paid employee of THE SMITH FOUNDATION earn?
Per its FY2025 accounts, the highest-paid employee was in the £100,001 - £110,000 band, and 9 employees earned over £60,000.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| BONAMY CHARITABLE TRUST | 1 | £7k |
| THE FAVERSHAM MUNICIPAL CHARITIES 2010 | 1 | £2k |
Charities like this
- THE LESLIE SMITH FOUNDATION
- THE MARTIN SMITH FOUNDATION
- THE WILBUR AND NISO SMITH FOUNDATION
- SMS FOUNDATION
- CHRISTINA SMITH FOUNDATION
- PS FOUNDATION
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| THE SMITH FOUNDATION | £13.4m | £100,001 - £110,000 | 9 | above | — | no doubt |
| THE LESLIE SMITH FOUNDATION | £104k | — | 0 | unclear | — | no doubt |
| THE MARTIN SMITH FOUNDATION | £1.3m | — | 0 | above | — | no doubt |
| THE WILBUR AND NISO SMITH FOUNDATION | £160k | — | 0 | unclear | — | no doubt |
| SMS FOUNDATION | £229k | — | 0 | above | — | no doubt |
| CHRISTINA SMITH FOUNDATION | £250k | — | 0 | unclear | — | no doubt |