FORMAN HARDY CHARITABLE TRUST
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Financial health, per its FY2025 accounts
The accounts state that unrestricted reserves stood at £2,659,951, which the Trustees intend to retain to fund normal annual expenditure. The charity reported a net gain for the year of £18,518, driven by investment performance, while total charitable grants awarded amounted to £101,850. The trustees confirmed adequate resources for continuing operations and noted no material issues arising from the independent examination.
What the accounts disclose
“It is the policy of the Trust to maintain unrestricted reserves which provide sufficient funds to cover grants and donations, management and administration costs on an annual basis.” — page 4
“These funds are managed by T. Bailey Asset Management Limited. NJ Forman Hardy is a director of T. Bailey Holdings Limited which owns T. Bailey Asset Management Limited.” — page 13
Trustees
- NICHOLAS JOHN FORMAN HARDYchair
- Dr Paul Sibley
- JANE MAUDE FORMAN HARDY
- Victoria Sian Savile
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 05/04/2025 | £42k | £107k |
| 05/04/2024 | £34k | £100k |
| 05/04/2023 | £17k | £128k |
| 05/04/2022 | £11k | £142k |
| 05/04/2021 | £18k | £100k |
Common questions
Is FORMAN HARDY CHARITABLE TRUST financially healthy?
Per its FY2025 accounts: The accounts state that unrestricted reserves stood at £2,659,951, which the Trustees intend to retain to fund normal annual expenditure. The charity reported a net gain for the year of £18,518, driven by investment performance, while total charitable grants awarded amounted to £101,850. The trustees confirmed adequate resources for continuing operations and noted no material issues arising from the independent examination. Its FY2025 accounts were independently examined.