THE BEDFORD MEMORIAL TRUST
The charity makes gifts and donations to similar organisations as those supported by the charitable trust's founder.
Objects
TO BENEFIT SUCH CHARITABLE OBJECTS AS THE TRUSTEES SHALL IN THEIR ABSOLUTE DISCRETION THINK FIT. THE TRUSTEES SHALL HOLD THE CAPITAL AND INCOME OF THE TRUST FUND UPON TRUST TO APPLY THE INCOME AND ALL OR SUCH PART OR PARTS OF THE CAPITAL FOR OR TOWARDS SUCH CHARITABLE PURPOSES AND TO MAKE DONATIONS TO SUCH CHARITABLE INSTITUTION OR INSTITUTIONS AT SUCH TIME OR TIMES IN SUCH MANNER AS THE TRUSTEES MAY IN THEIR ABSOLUTE DISCRETION THINK FIT, PROVIDED THAT THE TRUSTEES MAY AT THEIR ABSOLUTE DISCRETION FOR A PERIOD OF 21 YEARS FROM THE DATE OF THIS DEED INSTEAD OF APPLYING THE INCOME OF THE TRUST IN ANY YEAR ACCUMULATE ALL OR ANY PART OF SUCH INCOME AT COMPOUND INTEREST BY INVESTING THE SAME AND THE RESULTING INCOME IN ANY OF THE AUTHORISED INVESTMENTS AND HOLD THE SAME AS AN ACCRETION TO AND AS PART OF THE CAPITAL OF THE TRUST WITHOUT PREJUDICE TO THEIR RIGHT TO APPLY THE WHOLE OR PART OF SUCH ACCUMULATED INCOME IN ANY SUBSEQUENT YEAR AS IF THE SAME WERE INCOME OF THE TRUST ARISING IN THE THEN CURRENT YEAR
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
Policies the charity declares
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
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.