THE MAY HARDY MBE CHARITABLE TRUST
General Charitable Purposes. Trust is open to applications. Please submit your application to https://funding.ludlowtrust.com
Objects
3.1 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, AT SUCH TIME OR TIMES AND IN SUCH MANNER TO, OR FOR THE BENEFIT OF, SUCH EXCLUSIVELY CHARITABLE OBJECTS AND PURPOSES IN ANY PART OF THE WORLD AS THE TRUSTEES MAY IN THEIR ABSOLUTE DISCRETION THINK FIT.3.2 THE TRUSTEES MAY IN THEIR DISCRETION, FOR THE PERIOD OF 21 YEARS FROM THE DATE OF THIS DEED, INSTEAD OF APPLYING THE INCOME OF THE CHARITY IN ANY YEAR, ACCUMULATE ALL OR ANY PART OF SUCH INCOME AT COMPOUND INTEREST BY INVESTING THE SAME, AND THE RESULTING INCOME, IN ANY INVESTMENTS AUTHORISED BY THIS DEED OR BY LAW AS AN ACCRETION TO AND AS PART OF THE CAPITAL OF THE CHARITY, WITHOUT PREJUDICE TO THEIR RIGHT TO APPLY THE WHOLE OR ANY PART OF SUCH ACCUMULATED INCOME IN ANY SUBSEQUENT YEAR AS IF THE SAME WERE INCOME OF THE CHARITY ARISING IN THE THEN CURRENT YEAR.
Financial health, per its FY2025 accounts
The accounts state that free reserves were £14,626 and bank balances were £23,176 at the end of the period. The charity holds an expendable endowment fund valued at £1,639,962 which can be released to support activities. The trustees pursue a policy of maintaining free reserves to cover future needs, opportunities, contingencies, and risks.
What the accounts disclose
“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.”
“HSBC was paid £26,321 for trust administration and investment management fees during the year under review Ludlow Trust Company (Southampton) Ltd was paid £2,428 for trust administration fees during the year under review. These fees are authorised under clause 28 of the trust deed.”
“HSBC was paid £26,321 for trust administration and investment management fees during the year under review Ludlow Trust Company (Southampton) Ltd was paid £2,428 for trust administration fees during the year under review. These fees are authorised under clause 28 of the trust deed.”
“HSBC was paid £26,321 for trust administration and investment management fees during the year under review Ludlow Trust Company (Southampton) Ltd was paid £2,428 for trust administration fees during the year under review. These fees are authorised under clause 28 of the trust deed.”
“HSBC was paid £26,321 for trust administration and investment management fees during the year under review Ludlow Trust Company (Southampton) Ltd was paid £2,428 for trust administration fees during the year under review. These fees are authorised under clause 28 of the trust deed.”
Policies the charity declares
- Bullying and harassment policy and procedures
- Complaints handling
- Complaints policy and procedures
- Conflicting interests
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Investing charity funds policy and procedures
- Investment
- Risk management
- Safeguarding vulnerable beneficiaries
- Serious incident reporting policy and procedures
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
From the charity’s annual return (Part A, self-declared)
Self-declared on the annual return for the financial year ending 12/07/2025
- Trustee benefits, answered Yes to: any trustee benefit; payments to trustees for services to the charity
- Grant-making is its main activity
Self-declared on the annual return for the financial year ending 05/04/2024
- Grant-making is its main activity
Self-declared on the annual return for the financial year ending 05/04/2023
- Grant-making is its main activity
Annual return filing dates (Charity Commission record)
Of its last 5 annual returns with a recorded received date, 1 was received after the due date: year ending 05/04/2023 (received 26/11/2024, 295 days after the 05/02/2024 due date).
Trustees
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 12/07/2025 | £48k | £52k |
| 05/04/2024 | £42k | £52k |
| 05/04/2023 | £31k | £27k |
| 05/04/2022 | £24k | £26k |
| 05/04/2021 | £29k | £69k |
Common questions
Is THE MAY HARDY MBE CHARITABLE TRUST financially healthy?
Per its FY2025 accounts: The accounts state that free reserves were £14,626 and bank balances were £23,176 at the end of the period. The charity holds an expendable endowment fund valued at £1,639,962 which can be released to support activities. The trustees pursue a policy of maintaining free reserves to cover future needs, opportunities, contingencies, and risks. Its FY2025 accounts were independently examined.
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Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| THE MAY HARDY MBE CHARITABLE TRUST | £48k | — | 0 | above | — | no doubt |
| MARY LEAPMAN CHARITABLE TRUST | £31k | — | 0 | unclear | — | no doubt |
| MISS MURIEL LIDDIATT CHARITABLE TRUST | £60k | — | 0 | unclear | — | no doubt |
| THE MAURICE HENRY ROE CHARITABLE TRUST | £33k | — | 0 | unclear | — | no doubt |
| MARY SINCLAIR WATSON CHARITABLE TRUST | £34k | — | 0 | unclear | — | no doubt |
| THE HAPPY CHARITABLE TRUST | £46k | — | — | unclear | — | no doubt |