THE JAGCLIF CHARITABLE TRUST
THE TRUST WILL DONATE FUNDS FOR THE BENEFIT OF A RANGE OFCHARITABLE PURPOSES AS THE TRUSTEES SEE FIT.
Objects
FOR SUCH EXCLUSIVELY CHARITABLE PURPOSES FOR THE BENEFIT OF THE PUBLIC IN ANY PART OF THE WORLD AS THE TRUSTEES MAY IN THEIR ABSOLUTE DISCRETION THINK FITTHE TRUSTEES MUST USE THE INCOME AND MAY USE THE CAPITAL OF THE TRUST IN PROMOTING THE OBJECTS
Financial health, per its FY2025 accounts
The accounts state that unrestricted reserves stood at £72,219,766, which the trustees consider sufficient for ongoing grant commitments. The charity reported a net movement in funds of £13,111,639, driven largely by significant donations and investment gains. The auditors confirmed that the use of the going concern basis of accounting is appropriate with no material uncertainties identified.
What the accounts disclose
“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 5
“During the period the Trust wrote back a grant totalling of £1,600,000 and made donations of £1,005,000 (2024: £635,000 donations made) to ARK, a UK charity of which I. G. P. Wace is a Trustee.” — page 22
“Included in concessionary loans is a balance of £2,400,000 (2024: £2,400,000), representing a loan to EdCity Office , a charity of which I.G.P. Wace is a Trustee.” — page 22
“During the period the Trust wrote back a grant totalling of £1,600,000 and made donations of £1,005,000 (2024: £635,000 donations made) to ARK, a UK charity of which I. G. P. Wace is a Trustee.” — page 22
“Included in concessionary loans is a balance of £2,400,000 (2024: £2,400,000), representing a loan to EdCity Office , a charity of which I.G.P. Wace is a Trustee.” — page 22
“During the period the Trust wrote back a grant totalling of £1,600,000 and made donations of £1,005,000 (2024: £635,000 donations made) to ARK, a UK charity of which I. G. P. Wace is a Trustee.” — page 22
“Included in concessionary loans is a balance of £2,400,000 (2024: £2,400,000), representing a loan to EdCity Office , a charity of which I.G.P. Wace is a Trustee.” — page 22
“During the period the Trust wrote back a grant totalling of £1,600,000 and made donations of £1,005,000 (2024: £635,000 donations made) to ARK, a UK charity of which I. G. P. Wace is a Trustee.” — page 22
“Included in concessionary loans is a balance of £2,400,000 (2024: £2,400,000), representing a loan to EdCity Office , a charity of which I.G.P. Wace is a Trustee.” — page 22
Policies the charity declares
- Bullying and harassment policy and procedures
- Conflicting interests
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Investing charity funds policy and procedures
- Risk management
- Serious incident reporting policy and procedures
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
From the charity’s annual return (Part A, self-declared)
Self-declared on the annual return for the financial year ending 30/06/2025
- Employees paid over £60,000: 14 (£60,001–£70,000: 6; £70,001–£80,000: 3; £80,001–£90,000: 3; £130,001–£140,000: 1; £300,001–£350,000: 1)
- Has a trading subsidiary
- Grant-making is its main activity
Self-declared on the annual return for the financial year ending 30/06/2024
- Employees paid over £60,000: 11 (£60,001–£70,000: 2; £70,001–£80,000: 5; £80,001–£90,000: 2; £140,001–£150,000: 1; £250,001–£300,000: 1)
- Has a trading subsidiary
- Grant-making is its main activity
Self-declared on the annual return for the financial year ending 30/06/2023
- Employees paid over £60,000: 6 (£60,001–£70,000: 1; £70,001–£80,000: 1; £80,001–£90,000: 2; £90,001–£100,000: 1; £100,001–£110,000: 1)
- Has a trading subsidiary
- Grant-making is its main activity
Structured financials (annual return, FY ending 30/06/2025)
Register events
- Received assets from another charity (01/11/2017)
Trustees
- Ian Gerald Patrick Wacechair
- Claudia Alicia Wace
- Ernesto Fragomeni
- JOHN VINCENT
- Robert Brown
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 30/06/2025 | £33.0m | £21.2m |
| 30/06/2024 | £22.8m | £11.5m |
| 30/06/2023 | £16.1m | £9.6m |
| 30/06/2022 | £21.4m | £16.2m |
| 30/06/2021 | £25.1m | £10.9m |
Common questions
Is THE JAGCLIF CHARITABLE TRUST financially healthy?
Per its FY2025 accounts: The accounts state that unrestricted reserves stood at £72,219,766, which the trustees consider sufficient for ongoing grant commitments. The charity reported a net movement in funds of £13,111,639, driven largely by significant donations and investment gains. The auditors confirmed that the use of the going concern basis of accounting is appropriate with no material uncertainties identified. Its FY2025 accounts were audited by Moore Kingston Smith LLP.
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- THE J G GRAVES CHARITABLE TRUST
- THE JG CHARITABLE TRUST
- MJB CHARITABLE TRUST
- THE J F CHARITABLE FUND
- BRIAN WILSON CHARITABLE TRUST
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Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| THE JAGCLIF CHARITABLE TRUST | £33.0m | — | — | unclear | — | no doubt |
| THE J G GRAVES CHARITABLE TRUST | £217k | — | 0 | unclear | — | no doubt |
| THE JG CHARITABLE TRUST | £173k | — | 0 | unclear | — | no doubt |
| MJB CHARITABLE TRUST | £305k | — | — | above | — | no doubt |
| THE J F CHARITABLE FUND | £0 | — | 0 | unclear | 0.0% | no doubt |
| BRIAN WILSON CHARITABLE TRUST | £126k | — | 0 | above | — | no doubt |