GLC CHARITABLE TRUST
The Charity generally supports projects in the fields of health, welfare, education and the arts. The trustees do not accept unsolicited requests for funds.
Objects
3.1) THE TRUSTEES SHALL HOLD THE CAPITAL AND INCOME OF THE TRUST FUND UPON TRUST AS TO THE INCOME, AND ALL OR SUCH PART OF PARTS OF THE CAPITAL, AS THE FOUNDER MAY BY NOTICE IN WRITING TO THE TRUSTEES DETERMINE, FOR OR TOWARDS SUCH CHARITABLE PURPOSE, AND TO MAKE DONATIONS TO SUCH CHARITABLE INSTITUTION OR INSTRUCTIONS, AT SUCH TIME OR TIMES AND IN SUCH MANNER AS THE FOUNDER MAY FROM TIME TO TIME BY A LIKE NOTICE DIRECT. WHERE THE FOUNDER HAS NOT, BY 5 APRIL IN THE INCOME TAX YEAR FOLLOWING THAT IN WHICH THE INCOME ARISES, GIVEN A DISCRETION WHICH FULLY DISPOSE OF THE INCOME, THEN SUCH INCOME SHALL BE DISPOSED OF IN ACCORDANCE WITH SUB-CLAUSE 3.2.3.2) SUBJECT TO, AND IN DEFAULT OF ANY DIRECTION UNDER SUB-CLAUSE 3.1, AND INSOFAR AS ANY SUCH DIRECTION IS NOT EXHAUSTIVE, THE TRUSTEES SHALL APPLY THE INCOME FOR OR TOWARDS SUCH CHARITABLE PURPOSES AND SHALL MAKE DONATIONS TO SUCH CHARITABLE INSTITUTIONS, AT SUCH TIMES AND IN SUCH MANNER, AS THE TRUSTEES SHALL IN THEIR DISCRETION THINK FIT. 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 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 THE RIGHT OF THE TRUSTEES 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 unrestricted reserves fell significantly to £276,536 due to a £1.16 million impairment loss on a loan to Silver Street Private Equity Strategies SICAR, which entered insolvency. Despite this large loss, the trustees consider the remaining funds sufficient to cover management and administration costs for the forthcoming year.
What the accounts disclose
“Income comprises investment income of £47,595” — page 5
“The trustees have reviewed the unrestricted reserves of the Charity and consider that these funds are sufficient to cover the management and administration costs for the forthcoming year.” — page 5
Policies the charity declares
- 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
From the charity’s annual return (Part A, self-declared)
Self-declared on the annual return for the financial year ending 05/04/2025
- 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 05/04/2025 (received 15/05/2026, 99 days after the 05/02/2026 due date).
Trustees
- LAWRENCE STADENchair
- NIGEL PHILIP SKEVINGTON
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 05/04/2025 | £220k | £82k |
| 05/04/2024 | £211k | £130k |
| 05/04/2023 | £187k | £62k |
| 05/04/2022 | £146k | £23k |
| 05/04/2021 | £58k | £26k |
Common questions
Is GLC CHARITABLE TRUST financially healthy?
Per its FY2025 accounts: The accounts state that unrestricted reserves fell significantly to £276,536 due to a £1.16 million impairment loss on a loan to Silver Street Private Equity Strategies SICAR, which entered insolvency. Despite this large loss, the trustees consider the remaining funds sufficient to cover management and administration costs for the forthcoming year. Its FY2025 accounts were independently examined.
Charities like this
- HINCHLEY CHARITABLE TRUST
- G L TILLOTSON CHARITABLE TRUST
- THE ROBERT GAVRON CHARITABLE TRUST
- G M C TRUST
- GOWLING WLG (UK) CHARITABLE TRUST
- THE G W CADBURY SECTION CHARITABLE TRUST
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| GLC CHARITABLE TRUST | £220k | — | 0 | above | — | no doubt |
| HINCHLEY CHARITABLE TRUST | £106k | — | 0 | below | — | no doubt |
| G L TILLOTSON CHARITABLE TRUST | £26k | — | 0 | unclear | — | no doubt |
| THE ROBERT GAVRON CHARITABLE TRUST | £225k | — | 0 | unclear | — | no doubt |
| G M C TRUST | £164k | — | 0 | unclear | — | no doubt |
| GOWLING WLG (UK) CHARITABLE TRUST | £164k | — | 0 | unclear | — | no doubt |