RAY MCGRATH MEMORIAL TRUST
Advancing education, relieving poverty and being true to how Ray McGrath lived his life. Funds may be distributed to satisfy the above and/or for scholarships/bursaries for UK residents; for research into matters connected to the sea; and to encourage musical endeavour - particularly jazz and classical traditions (e.g. lieder and church music).
Financial health, per its FY2025 accounts
The accounts state that unrestricted reserves stood at £4,944,449, which the trustees consider to be within their stated policy target of three to six months' expenditure. The charity reported a net income increase of £817,089 driven by significant donations, while noting that the prior year's figures were not audited.
What the accounts disclose
“It is the policy of the charitable company that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure.” — page 4
Year-over-year changes
- Reserves position vs the charity's own policy moved from "above" (FY2024) to "within" (FY2025).
Structured financials (annual return, FY ending 05/04/2025)
Trustees
- HAYDN CALVIN WOOD
- Peter John Scott
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 05/04/2025 | £1.1m | £89k |
| 05/04/2024 | £120k | £87k |
| 05/04/2023 | £91k | £31k |
| 05/04/2022 | £0 | £0 |
| 25/09/2021 | £122 | £823 |
Common questions
Is RAY MCGRATH MEMORIAL TRUST financially healthy?
Per its FY2025 accounts: The accounts state that unrestricted reserves stood at £4,944,449, which the trustees consider to be within their stated policy target of three to six months' expenditure. The charity reported a net income increase of £817,089 driven by significant donations, while noting that the prior year's figures were not audited. Its FY2025 accounts were audited by Calders (1883) LLP.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE HAPPY BABY COMMUNITY | 1 | £28k |
Charities like this
- THE ROGER RAYMOND CHARITABLE TRUST
- THE RICHARD HARRIS CHARITABLE TRUST
- SEAEM
- THE ROAN CHARITABLE TRUST
- MCGRATH TAYLOR FAMILY CHARITABLE TRUST
- MOYNITRUST
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| RAY MCGRATH MEMORIAL TRUST | £1.1m | — | 0 | within | — | no doubt |
| THE ROGER RAYMOND CHARITABLE TRUST | £586k | — | — | below | — | no doubt |
| THE RICHARD HARRIS CHARITABLE TRUST | £163k | — | 0 | unclear | — | no doubt |
| SEAEM | £201k | — | 0 | unclear | — | no doubt |
| THE ROAN CHARITABLE TRUST | £195k | — | 0 | unclear | — | no doubt |
| MCGRATH TAYLOR FAMILY CHARITABLE TRUST | £109k | — | 0 | unclear | — | no doubt |