THE LOPPYLUGS AND BARBARA MORRISON CHARITABLE TRUST
Financial health, per its FY2023 accounts
The accounts state that the charity holds unrestricted reserves of £333,528 and endowment funds of £5,607,528, resulting in total net assets of £5,941,056. The trustees report that the trust has sufficient resources to continue in operation for the foreseeable future with no material uncertainties regarding its ability to continue as a going concern. The charity generated a net loss of £794,175 for the year primarily due to investment revaluations, but maintains a policy of keeping reserves sufficient to meet management costs and charitable grants.
What the accounts disclose
“The Trust maintains its unrestricted reserves at a sufficient level for it to meet the management administration and support costs and for making of charitable grants.” — page 3
Trustees
- ANDREW CRAIG PIDDOCK
- JOHN ROLAND KAY
- Joseph James Harrison
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 30/04/2025 | £296k | £320k |
| 30/04/2024 | £302k | £325k |
| 30/04/2023 | £304k | £276k |
| 30/04/2022 | £226k | £234k |
| 30/04/2021 | £205k | £195k |
Common questions
Is THE LOPPYLUGS AND BARBARA MORRISON CHARITABLE TRUST financially healthy?
The accounts state that the charity holds unrestricted reserves of £333,528 and endowment funds of £5,607,528, resulting in total net assets of £5,941,056. The trustees report that the trust has sufficient resources to continue in operation for the foreseeable future with no material uncertainties regarding its ability to continue as a going concern. The charity generated a net loss of £794,175 for the year primarily due to investment revaluations, but maintains a policy of keeping reserves sufficient to meet management costs and charitable grants. Its FY2023 accounts were audited by I W Hinks LLP.