THE ORMEROD TRUST FUND

Registered charity 1058980 · accounts filings on the Charity Commission register · also known as THE ORMEROD SCHOLARSHIP FUND

The charity makes awards of scholarships, bursaries or grants to boys and young men who are aged under 25 and who are about to attend or have attended for not less than two years, Bury Grammar School Boys

Objects

(A) IN THE AWARD TO BENEFICIARIES OF SCHOLARSHIPS, EXHIBITIONS, BURSARIES, MAINTENANCE ALLOWANCES OR GRANTS TENABLE AT ANY OF THE UNIVERSITIES OF OXFORD, CAMBRIDGE OR DURHAM;(B) IN MAKING TO BENEFICIARIES WHO ARE PURSUING A COURSE OF STUDY AT ANY OF THE SAID UNIVERSITIES SUCH OTHER PAYMENTS AS WILL, IN THE OPINION OF THE TRUSTEES, ENABLE THEM TO PARTAKE MORE EFFECTIVELY IN ANY EDUCATIONAL FACILITY PROVIDED AT OR SPONSORED BY ANY OF THE SAID UNIVERSITIES:PROVIDED THAT IN MAKING PAYMENTS UNDER THIS SUB-CLAUSE THE TRUSTEES SHALL GIVE PRIORITY TO BENEFICIARIES WHO ARE NOT IN RECEIPT OF ANY AWARD MADE UNDER THE PRECEDING SUB-CLAUSE;(C) IN MAKING AWARDS OR PAYMENTS OF THE LIKE KIND AND WITH THE LIKE PRIORITY WHICH ARE TENABLE AT, OR ARE FOR THE BENEFIT OF, BENEFICIARIES ATTENDING ANY OTHER UNIVERSITY, SCHOOL (INCLUDING BURY GRAMMAR SCHOOL) OR OTHER PLACE OF LEARNING (INCLUDING ANY INSTITUTION OF PROFESSIONAL OR TECHNICAL INSTRUCTION) WHICH IS APPROVED BY THE TRUSTEES.

Area of benefit: NOT DEFINED

The charity’s charitable objects and area of benefit, quoted from its governing document as held on the Charity Commission register.

Causes: Education/training · Get email alerts

Latest income
£39k
Latest spending
£41k
Registered
1996
Accounts read
FY2025

Financial health, per its FY2025 accounts

The accounts state that the charity's total funds increased by £34,066 to £806,074, driven primarily by dividend income from investments. The trustees report that the risk regarding resource sufficiency is minimal given current cash and projected dividend income, and they are confident that adequate reserves exist to meet all bursary grant commitments.

Automated summary of the FY2025 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Reserves policy: sufficient Funds in place to meet their confirmed commitments (held: £806k)
“The Trustees’ reserves policy is to ensure that there are sufficient Funds in place to meet their confirmed commitments.” — page 4
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Trustee connection
“Mr M J Entwistle, a Trustee, is a partner in James Sharp & Co, the Fund’s investment advisers.” — page 2
“The Fund is administered by staff employed by The Bury Grammar Schools Trustee Ltd. No charge is made to the Fund for these services.” — page 13
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Administration services
“Mr M J Entwistle, a Trustee, is a partner in James Sharp & Co, the Fund’s investment advisers.” — page 2
“The Fund is administered by staff employed by The Bury Grammar Schools Trustee Ltd. No charge is made to the Fund for these services.” — page 13
Per its FY2025 accounts as filed with the Charity Commission.

Accounts audited by Horsfield & Smith. Discloses 4 of 6 completeness components.

Policies the charity declares

In its annual return the charity told the Commission that it has the policies listed below. This is self-declared: it is not verified by the Commission or by this site, and it is not evidence of how a policy works in practice.

Trustees · trustee networks

Trustee list from the Charity Commission register (current, not historical).

Operates in: Throughout England

Income and spending

Financial year endIncomeSpending
31/08/2025£39k£41k
31/08/2024£37k£44k
31/08/2023£35k£25k
31/08/2022£34k£35k
31/08/2021£31k£38k

Common questions

Is THE ORMEROD TRUST FUND financially healthy?

Per its FY2025 accounts: The accounts state that the charity's total funds increased by £34,066 to £806,074, driven primarily by dividend income from investments. The trustees report that the risk regarding resource sufficiency is minimal given current cash and projected dividend income, and they are confident that adequate reserves exist to meet all bursary grant commitments. Its FY2025 accounts were audited by Horsfield & Smith.