THE JAGCLIF CHARITABLE TRUST
Latest income
£33.0m
Latest spending
£21.2m
Registered
2015
Accounts read
FY2025
Financial health, per its FY2025 accounts
The accounts state that unrestricted funds increased to £72,219,766, supported by significant donation income of £31,718,702. The trustees confirm that reserves have been built up to fund future grant activities and that there are no material uncertainties regarding the charity's ability to continue as a going concern.
What the accounts disclose
Reserves policy: sufficient working capital for the ongoing grant commitments (held: £72.2m)
“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
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Donations to ARK, a UK charity of which I.G.P. Wace is a Trustee.
“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
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Concessionary loan to EdCity Office, a charity of which I.G.P. Wace is a Trustee.
“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
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Donation of shares from a trustee.
“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
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Fees paid to Summer Isles Enterprises Ltd for trustee accommodation.
“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
Per its FY2025 accounts as filed with the Charity Commission.
Trading subsidiary: Summer Isles Enterprises Ltd
“In February 2020 The Jagclif Charitable Trust acquired 100% of the issued share capital of Summer Isles Enterprises Ltd, Company Number: 07210121 which is incorporated in the UK. Summer Isles Enterprises Ltd operated commercial activities” — page 17
Per its FY2025 accounts as filed with the Charity Commission.
Structured financials (annual return, FY ending 30/06/2025)
Total income
£33.0m
Total spending
£21.2m
Reserves (reported)
£72.2m
Employees
68
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?
The accounts state that unrestricted funds increased to £72,219,766, supported by significant donation income of £31,718,702. The trustees confirm that reserves have been built up to fund future grant activities and that there are no material uncertainties regarding the charity's ability to continue as a going concern. Its FY2025 accounts were audited by Moore Kingston Smith LLP.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE TOMLINSON FAMILY CHARITABLE TRUST | 1 | £225k |
| THE JORDAN CHARITABLE FOUNDATION | 1 | £20k |
| The Brindle Foundation | 1 | £14k |
| DAVID FORBES-NIXON FAMILY CHARITABLE FOUNDATION | 1 | £9k |