THE NGM TRUST
Latest income
£267k
Latest spending
£314k
Registered
2011
Accounts read
FY2024
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net expenditure of £77,450 for the year, resulting in a decrease in total funds. The trustees note that free reserves of £25,333 are below their stated policy target of £120,945 to £241,891, but they consider adequate reserves available going forward due to an accessible investment portfolio valued at £587,722.
What the accounts disclose
Reserves policy: three to six months of expenditure (held: £25k)
“The Trustees have established a policy whereby the unrestricted funds not committed or invested in tangible fixed assets (“the free reserves”) held by the charity should be between 3 and 6 months of the expenditure, which equates to between approximately £120,945 to £241,891 in general funds.” — page 7
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: The Inspire Arts Trust is a charity in which Mrs H McGreavy, Mr R Collier-Keywood and Mr D McGinn are also Trustees. At the Balance Sheet date, The Inspire Arts Trust owed the charity £1,639... During the year the charity invoiced £16,602... to The Inspire Arts Trust for rent and administration expenses.
“The Inspire Arts Trust is a charity in which Mrs H McGreavy, Mr R Collier-Keywood and Mr D McGinn are also Trustees. At the Balance Sheet date, The Inspire Arts Trust owed the charity £1,639 (2023: £9). This was for the balance of rent for the summer term which was paid in September 2024. During the year the charity invoiced £16,602 (2023: £14,407) to The Inspire Arts Trust for rent and administration expenses.” — page 21
“Donations of £2,710 (2023: £5,678) were received from Trustees and other related parties during the year.” — page 15
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Donations of £2,710 were received from Trustees and other related parties during the year.
“The Inspire Arts Trust is a charity in which Mrs H McGreavy, Mr R Collier-Keywood and Mr D McGinn are also Trustees. At the Balance Sheet date, The Inspire Arts Trust owed the charity £1,639 (2023: £9). This was for the balance of rent for the summer term which was paid in September 2024. During the year the charity invoiced £16,602 (2023: £14,407) to The Inspire Arts Trust for rent and administration expenses.” — page 21
“Donations of £2,710 (2023: £5,678) were received from Trustees and other related parties during the year.” — page 15
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Total remuneration and benefits received by key management personnel and related parties during the year were £131,988. The increase is due to the employment of Aidan Goudie, son of the CEO, as a Production and Marketing assistant.
“The Inspire Arts Trust is a charity in which Mrs H McGreavy, Mr R Collier-Keywood and Mr D McGinn are also Trustees. At the Balance Sheet date, The Inspire Arts Trust owed the charity £1,639 (2023: £9). This was for the balance of rent for the summer term which was paid in September 2024. During the year the charity invoiced £16,602 (2023: £14,407) to The Inspire Arts Trust for rent and administration expenses.” — page 21
“Donations of £2,710 (2023: £5,678) were received from Trustees and other related parties during the year.” — page 15
Per its FY2024 accounts as filed with the Charity Commission.
Register events
- Received assets from another charity (28/02/2014)
Trustees
- Dr Jacqueline Harding
- Jayne Banful
- Richard David COLLIER-KEYWOOD
- WILLIAM DOUGLAS BROWNING MCGINN
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/08/2025 | £267k | £314k |
| 31/08/2024 | £378k | £518k |
| 31/08/2023 | £285k | £401k |
| 31/08/2022 | £340k | £484k |
| 31/08/2021 | £281k | £248k |
Common questions
Is THE NGM TRUST financially healthy?
The accounts state that the charity reported a net expenditure of £77,450 for the year, resulting in a decrease in total funds. The trustees note that free reserves of £25,333 are below their stated policy target of £120,945 to £241,891, but they consider adequate reserves available going forward due to an accessible investment portfolio valued at £587,722. Its FY2024 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| SHEPPERTON COMMUNITY CHURCH | 1 | £5.5m |
| GRACE CHURCH EXETER | 1 | £614k |
| HOPE CHURCH WINCHESTER | 1 | £87k |
| THE JOSEPH ROWNTREE CHARITABLE TRUST | 1 | £80k |
| GRACE CHURCH SALISBURY | 1 | £52k |
| CITY CHURCH BRISTOL | 1 | £43k |
| THE RODDICK FOUNDATION | 1 | £15k |
| THE GURU NANAK NISHKAM SEWAK JATHA (BIRMINGHAM) UK | 1 | £13k |