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THE EUREKA CHARITABLE TRUST

Registered charity 1163448 · accounts filings on the Charity Commission register

Latest income
£3.3m
Latest spending
£2.7m
Registered
2015
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that unrestricted reserves stood at £10,918,702, representing a surplus from the previous year's £9,999,823. The Trustees report that reserves have been built up to fund future grant activities and that the Trust has adequate resources to continue in operational existence for the foreseeable future.

What the accounts disclose

Reserves policy: sufficient working capital for the ongoing grant commitments (held: £10.9m)
“The Trustees ensure the Trust holds sufficient working capital for the ongoing grant commitments. Reserves have been built up to fund future grant activities.” — page 3
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Grant to ARK, a charity where trustees I.G.P. Wace, P.R.C. Marshall were trustees and C. Musgrave was Chair of Finance and Risk Committee.
“During the period the Trust made grant commitments and donations of £nil (2023: £1,838,000) to ARK, a charity of which I.G.P. Wace and P.R.C. Marshall were also Trustees and C. Musgrave was the Chair of the Finance and Risk Committee until her resignation in the year. At the year end there were unpaid grant commitments to ARK of £1,316,000 (2023: £1,938,000). During the period the Trust made grant commitments and donations of £250,000 (2023: £nil) to Place2Be, a charity of which C. Musgrave is a member of the development board. At the year end there were unpaid grant commitments to Place2Be of £166,666 (2023: £nil). During the period the Trust received a donation of $850,000 (2023: $719,982) equivalent to £667,706 (2023: £590,259) from Marshall Wace North America LP. I.G.P. Wace, P.R.C. Marshall, C. Musgrave, D. Ford and E.C. Appleford are all partners of MW Group LP, the entity's ultimate parent company.” — page 16
“During the period the Trust made grant commitments and donations of £250,000 (2023: £nil) to Place2Be, a charity of which C. Musgrave is a member of the development board. At the year end there were unpaid grant commitments to Place2Be of £166,666 (2023: £nil).” — page 16
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Grant to Place2Be, a charity where trustee C. Musgrave is a member of the development board.
“During the period the Trust made grant commitments and donations of £nil (2023: £1,838,000) to ARK, a charity of which I.G.P. Wace and P.R.C. Marshall were also Trustees and C. Musgrave was the Chair of the Finance and Risk Committee until her resignation in the year. At the year end there were unpaid grant commitments to ARK of £1,316,000 (2023: £1,938,000). During the period the Trust made grant commitments and donations of £250,000 (2023: £nil) to Place2Be, a charity of which C. Musgrave is a member of the development board. At the year end there were unpaid grant commitments to Place2Be of £166,666 (2023: £nil). During the period the Trust received a donation of $850,000 (2023: $719,982) equivalent to £667,706 (2023: £590,259) from Marshall Wace North America LP. I.G.P. Wace, P.R.C. Marshall, C. Musgrave, D. Ford and E.C. Appleford are all partners of MW Group LP, the entity's ultimate parent company.” — page 16
“During the period the Trust made grant commitments and donations of £250,000 (2023: £nil) to Place2Be, a charity of which C. Musgrave is a member of the development board. At the year end there were unpaid grant commitments to Place2Be of £166,666 (2023: £nil).” — page 16
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Donation from Marshall Wace North America LP, where multiple trustees are partners of the ultimate parent company MW Group LP.
“During the period the Trust made grant commitments and donations of £nil (2023: £1,838,000) to ARK, a charity of which I.G.P. Wace and P.R.C. Marshall were also Trustees and C. Musgrave was the Chair of the Finance and Risk Committee until her resignation in the year. At the year end there were unpaid grant commitments to ARK of £1,316,000 (2023: £1,938,000). During the period the Trust made grant commitments and donations of £250,000 (2023: £nil) to Place2Be, a charity of which C. Musgrave is a member of the development board. At the year end there were unpaid grant commitments to Place2Be of £166,666 (2023: £nil). During the period the Trust received a donation of $850,000 (2023: $719,982) equivalent to £667,706 (2023: £590,259) from Marshall Wace North America LP. I.G.P. Wace, P.R.C. Marshall, C. Musgrave, D. Ford and E.C. Appleford are all partners of MW Group LP, the entity's ultimate parent company.” — page 16
“During the period the Trust made grant commitments and donations of £250,000 (2023: £nil) to Place2Be, a charity of which C. Musgrave is a member of the development board. At the year end there were unpaid grant commitments to Place2Be of £166,666 (2023: £nil).” — page 16
Per its FY2024 accounts as filed with the Charity Commission.

Accounts audited by Moore Kingston Smith LLP.

Structured financials (annual return, FY ending 30/06/2025)

Total income
£3.3m
Total spending
£2.7m
Reserves (reported)
£17.0m
Employees
0

Reported reserves equal ~76.7 months of spending — in the top quarter for charities its size (median 4.8 months; benchmarks).

Register events

Trustees

Trustee list from the Charity Commission register (current, not historical).

Operates in: Throughout England And Wales

Income and spending

Financial year endIncomeSpending
30/06/2025£3.3m£2.7m
30/06/2024£788k£2.6m
30/06/2023£615k£3.3m
30/06/2022£7.5m£4.6m
30/06/2021£7.2m£1.2m

Common questions

Is THE EUREKA CHARITABLE TRUST financially healthy?

The accounts state that unrestricted reserves stood at £10,918,702, representing a surplus from the previous year's £9,999,823. The Trustees report that reserves have been built up to fund future grant activities and that the Trust has adequate resources to continue in operational existence for the foreseeable future. Its FY2024 accounts were audited by Moore Kingston Smith LLP.

Funders of similar charities

Funders whose accounts show grants to charities similar to this one (and no recorded grant to this charity) — a starting list for fundraisers.

FunderSimilar charities fundedAmount to them
BACON FOUNDATION LTD1£60k
SWIRE 27651£15k

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Semantically similar by activities and financial character, from our analysed corpus. Compare with G F EYRE CHARITABLE TRUST.