THE EDWARD & CATHERINE WRAY CHARITABLE TRUST
Financial health, per its FY2023 accounts
The accounts state that total funds amounted to £4,994,460, with a free reserves surplus of £16,692. The trustees do not consider the charity needs to maintain significant free reserves given the availability of the expendable endowment fund. The independent auditors confirmed that the use of the going concern basis of accounting is appropriate with no material uncertainties identified.
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
“During the year under review Ludlow Trust Company Limited charged the charity £25,705 (2022 : £29,174) for administrative services with £5,574 (2022: £7,139) accrued at the balance sheet date.” — page 15
Trustees
- CATHERINE MAY WRAY
- Edward James Wray
- Ludlow Trust Company Ltd
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £193k | £271k |
| 31/12/2023 | £460k | £531k |
| 13/01/2023 | £92k | £387k |
| 13/01/2022 | £173k | £299k |
| 13/01/2021 | £242k | £232k |
Common questions
Is THE EDWARD & CATHERINE WRAY CHARITABLE TRUST financially healthy?
The accounts state that total funds amounted to £4,994,460, with a free reserves surplus of £16,692. The trustees do not consider the charity needs to maintain significant free reserves given the availability of the expendable endowment fund. The independent auditors confirmed that the use of the going concern basis of accounting is appropriate with no material uncertainties identified. Its FY2023 accounts were audited by Blue Spire Limited.