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

MARY SINCLAIR WATSON CHARITABLE TRUST

Registered charity 1104629 · 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: Accommodation/housing · Animals · Get email alerts

Latest income
£34k
Latest spending
£42k
Registered
2004
Accounts read
FY2025

Financial health, per its FY2025 accounts

The accounts state that the charity held free reserves of £2,962 and bank balances of £12,635, alongside an expendable endowment fund valued at £681,211. The trustees pursue a policy of maintaining free reserves to cover future needs, opportunities, contingencies, and risks. No material uncertainties regarding the charity's continuation as a going concern were disclosed.

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: £3k)
“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 Ltd paid £3,277 for trust administration fees; HSBC paid £7,282 for trust administration and investment management fees.
“Ludlow Trust Company Ltd was paid £3,277 for trust administration fees during the year under review. HSBC was paid £7,282 for trust administration and investment management fees during the year under review. These fees are authorised under clause 3 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: Norfolk

Income and spending

Financial year endIncomeSpending
28/12/2025£34k£42k
28/12/2024£16k£18k
05/04/2024£0£0
05/04/2023£11k£11k
05/04/2022£14k£35k

Common questions

Is MARY SINCLAIR WATSON CHARITABLE TRUST financially healthy?

Per its FY2025 accounts: The accounts state that the charity held free reserves of £2,962 and bank balances of £12,635, alongside an expendable endowment fund valued at £681,211. The trustees pursue a policy of maintaining free reserves to cover future needs, opportunities, contingencies, and risks. No material uncertainties regarding the charity's continuation as a going concern were disclosed. Its FY2025 accounts were independently examined.