THE BEDFORD MEMORIAL TRUST
The charity makes gifts and donations to similar organisations as those supported by the charitable trust's founder.
Financial health, per its FY2025 accounts
The accounts state that unrestricted reserves stood at £1,157,533, which the trustees consider sufficient to cover anticipated future expenditure. The charity reported a net movement in funds of £9,401, driven by investment gains and reduced grant payments compared to the prior year. The independent examiner confirmed that no material matters were identified during their examination of the financial statements.
What the accounts disclose
“The principal funding sources were dividends of £53,485 (2024: £49,796) arising from the investment portfolio and interest of £87 (2024: £106) earned on the bank balances of the charity.” — page 4
“It is the policy of the Trustees to maintain the reserves of the charity at a level sufficient to cover anticipated future expenditure.” — page 4
“During the year the charity paid fees of £3,000 (2024: £4,800) for the administration of the charity to Hansells Solicitors, a firm in which Ms R M McGurk and Miss J L Stockings are partners and Mr P Norton is a consultant.” — page 13
“During the year the charity made a grant of £10,000 (2024: £10,000) to The SAW Trust. Mr P Norton is a Trustee of both Bedford Memorial Trust and The SAW Trust.” — page 13
“During the year the charity paid fees of £3,000 (2024: £4,800) for the administration of the charity to Hansells Solicitors, a firm in which Ms R M McGurk and Miss J L Stockings are partners and Mr P Norton is a consultant.” — page 13
“During the year the charity made a grant of £10,000 (2024: £10,000) to The SAW Trust. Mr P Norton is a Trustee of both Bedford Memorial Trust and The SAW Trust.” — page 13
“During the year the charity paid fees of £3,000 (2024: £4,800) for the administration of the charity to Hansells Solicitors, a firm in which Ms R M McGurk and Miss J L Stockings are partners and Mr P Norton is a consultant.” — page 13
“During the year the charity made a grant of £10,000 (2024: £10,000) to The SAW Trust. Mr P Norton is a Trustee of both Bedford Memorial Trust and The SAW Trust.” — page 13
Trustees
- Jane Louise Stockings
- PHILIP ROSS NORTON
- RACHEL MCGURK
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 05/04/2025 | £54k | £55k |
| 05/04/2024 | £50k | £177k |
| 05/04/2023 | £51k | £28k |
| 05/04/2022 | £48k | £83k |
| 05/04/2021 | £40k | £29k |
Common questions
Is THE BEDFORD MEMORIAL TRUST financially healthy?
Per its FY2025 accounts: The accounts state that unrestricted reserves stood at £1,157,533, which the trustees consider sufficient to cover anticipated future expenditure. The charity reported a net movement in funds of £9,401, driven by investment gains and reduced grant payments compared to the prior year. The independent examiner confirmed that no material matters were identified during their examination of the financial statements. Its FY2025 accounts were independently examined.