Charity Accounts Intelreading the accounts so you don’t have to

THE MARGARET GLADYS GRIMES CHARITABLE TRUST

Registered charity 1067370 · accounts filings on the Charity Commission register

General Charitable Purposes. Trust is open to applications. Please submit your application to https://funding.ludlowtrust.com

Causes: General Charitable Purposes · Get email alerts

Latest income
£27k
Latest spending
£15k
Registered
1998
Accounts read
FY2025

Financial health, per its FY2025 accounts

The accounts state that the charity held free reserves of £42,571 at the end of the reporting period, an increase from the previous year's £21,424. The trustees maintain a policy of holding free reserves to cover future needs, contingencies, and risks, with no funds reported in deficit. The independent examiner confirmed that no material matters came to their attention regarding the accounts.

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

What the accounts disclose

Reserves policy: maintaining a free reserve available to be spent in the furtherance of the charity’s objectives as well as covering future needs, opportunities, contingencies and risks (held: £43k)
“The Trustees pursue a policy of maintaining a free reserve available to be spent in the furtherance of the charity’s objectives as well as covering future needs, opportunities, contingencies and risks.”
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Ludlow Trust Company (Southampton) Ltd was paid £2,441 (2024: £1,168) for trust administration fees during the year under review. These fees are authorised under clause 6 of the trust deed.
“Ludlow Trust Company (Southampton) Ltd was paid £2,441 (2024: £1,168) for trust administration fees during the year under review. These fees are authorised under clause 6 of the trust deed.”
“HSBC was paid £11,399 (2024: £7,557) for trust administration and investment management fees during the year under review. These fees are authorised under clause 6 of the trust deed.”
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: HSBC was paid £11,399 (2024: £7,557) for trust administration and investment management fees during the year under review. These fees are authorised under clause 6 of the trust deed.
“Ludlow Trust Company (Southampton) Ltd was paid £2,441 (2024: £1,168) for trust administration fees during the year under review. These fees are authorised under clause 6 of the trust deed.”
“HSBC was paid £11,399 (2024: £7,557) for trust administration and investment management fees during the year under review. These fees are authorised under clause 6 of the trust deed.”
Per its FY2025 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit). Discloses 4 of 6 completeness components.

Trustees · trustee networks

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

Operates in: Throughout England And Wales

Income and spending

Financial year endIncomeSpending
23/10/2025£27k£15k
23/10/2024£19k£9k
05/04/2024£20k£61k
05/04/2023£19k£18k
05/04/2022£25k£20k

Common questions

Is THE MARGARET GLADYS GRIMES CHARITABLE TRUST financially healthy?

Per its FY2025 accounts: The accounts state that the charity held free reserves of £42,571 at the end of the reporting period, an increase from the previous year's £21,424. The trustees maintain a policy of holding free reserves to cover future needs, contingencies, and risks, with no funds reported in deficit. The independent examiner confirmed that no material matters came to their attention regarding the accounts. Its FY2025 accounts were independently examined.