THE BLOOMFIELD CHARITABLE TRUST
Financial health, per its FY2024 accounts
The accounts state that total funds increased to £9,401,129, with unrestricted reserves rising to £106,680. The trustees note that due to the availability of the expendable endowment fund, they do not consider it necessary to maintain significant free reserves. The charity reported a net gain on investments of £2,777,040, contributing to a strong financial position with no material uncertainties regarding going concern.
What the accounts disclose
“Given the availability of the expendable endowment fund the trustees do not consider that the charity needs to maintain any significant free reserves although they recognise that such reserves will arise from time to time.” — page 4
“Ludlow Trust Company Limited charged fees for administrative services, as shown in note 4, totalling £36,776 (2023: £30,483). These fees are authorised under section 6 of the trust deed.” — page 15
Structured financials (annual return, FY ending 06/02/2024)
Trustees
- LUDLOW TRUST COMPANY LTD
- MANDY JANE HELLAWELL
- MARTIN JOHN HELLAWELL
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 06/02/2025 | £498k | £686k |
| 06/02/2024 | £562k | £525k |
| 06/02/2023 | £156k | £487k |
| 06/02/2022 | £582k | £617k |
| 06/02/2021 | £344k | £406k |
Common questions
Is THE BLOOMFIELD CHARITABLE TRUST financially healthy?
The accounts state that total funds increased to £9,401,129, with unrestricted reserves rising to £106,680. The trustees note that due to the availability of the expendable endowment fund, they do not consider it necessary to maintain significant free reserves. The charity reported a net gain on investments of £2,777,040, contributing to a strong financial position with no material uncertainties regarding going concern. Its FY2024 accounts were audited by Blue Spire Limited.