THE TUFTON CHARITABLE TRUST
Financial health, per its FY2024 accounts
The accounts state that unrestricted reserves fell to £51,227 from £239,306 the previous year, driven by a significant drop in donations following the death of major donor Sir Christopher Wates. The charity notes that future donations are intended to be made from Lady Georgina Wates, and the trustees consider the going concern basis appropriate despite the reliance on specific individuals.
What the accounts disclose
“It is the policy of the trustee to maintain unrestricted funds, which are free reserves of the charity, for making grants to qualifying charities and to meet continuing administrative costs.” — page 3
“During the year, Sir Christopher Wates donated investments with a value of £129,645 to assist in furthering the trust’s charitable objectives. At the year end, £571 was owed to the charity by the Estate of Sir Christopher Wates.” — page 14
Structured financials (annual return, FY ending 31/12/2021)
Trustees
- WATES CHARITABLE TRUSTEES LTD
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £208k | £396k |
| 31/12/2023 | £252k | £443k |
| 31/12/2022 | £376k | £384k |
| 31/12/2021 | £914k | £881k |
| 31/12/2020 | £620k | £1.0m |
Common questions
Is THE TUFTON CHARITABLE TRUST financially healthy?
The accounts state that unrestricted reserves fell to £51,227 from £239,306 the previous year, driven by a significant drop in donations following the death of major donor Sir Christopher Wates. The charity notes that future donations are intended to be made from Lady Georgina Wates, and the trustees consider the going concern basis appropriate despite the reliance on specific individuals. Its FY2024 accounts were independently examined.