THE GALLUS TRUST
General Charitable Purposes. Trust is open to applications. Please submit your application to https://funding.ludlowtrust.com
Objects
THE TRUSTEES SHALL HOLD THE CAPITAL AND INCOME OF THE TRUST FUND UPON TRUST TO APPLY THE INCOME, AND ALL OR SUCH PART OR PARTS OF THE CAPITAL, AT SUCH TIME OR TIMES AND IN SUCH MANNER TO, OR FOR THE BENEFIT OF SUCH EXCLUSIVELY CHARITABLE OBJECTS AND PURPOSES IN ANY PART OF THE WORLD AS THE TRUSTEES MAY IN THEIR DISCRETION THINK FIT.
Financial health, per its FY2025 accounts
The accounts state that free reserves amounted to £7,804 at the end of the reporting period, with additional bank balances of £15,263 and investment assets of £982,542 held within an expendable endowment fund. The trustees pursue a policy of maintaining free reserves to cover future needs, contingencies, and risks, while the independent examiner confirmed that no material matters came to their attention regarding the accounts.
What the accounts disclose
“The Trustees pursue a policy of maintaining a free reserve available to be spent in the furtherance of the charity’s objectives, as well as covering future needs, opportunities, contingencies and risks.”
“Ludlow Trust Company Limited was paid £8,788 for trust administration and cash management services during the year under review. These fees are authorised under clause 6 of the trust deed.”
“Ludlow Trust Company Limited was paid £8,788 for trust administration and cash management services during the year under review. These fees are authorised under clause 6 of the trust deed.”
Policies the charity declares
- Bullying and harassment policy and procedures
- Complaints handling
- Complaints 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
- Investment
- Risk management
- Serious incident reporting policy and procedures
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
Trustees
- Catherine Helen Cawston
- Elizabeth Margaret Corrie
- Jeannette Susan Corrie
- John Richard Duncan Corrie
- LUDLOW TRUST COMPANY LTD
- Michael John Corrie-Pollitt
- Thomas Walter Bateman Cawston
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 06/04/2025 | £56k | £58k |
| 06/04/2024 | £22k | £52k |
| 06/04/2023 | £24k | £53k |
| 06/04/2022 | £42k | £47k |
| 06/04/2021 | £29k | £50k |
Common questions
Is THE GALLUS TRUST financially healthy?
Per its FY2025 accounts: The accounts state that free reserves amounted to £7,804 at the end of the reporting period, with additional bank balances of £15,263 and investment assets of £982,542 held within an expendable endowment fund. The trustees pursue a policy of maintaining free reserves to cover future needs, contingencies, and risks, while the independent examiner confirmed that no material matters came to their attention regarding the accounts. Its FY2025 accounts were independently examined.