THE MCGILVRAY CHARITABLE FOUNDATION
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 CHARITIES OR SUCH EXCLUSIVELY CHARITABLE PURPOSES ACCORDING TO THE LAWS OF ENGLAND AND WALES IN ANY PART OF THE WORLD (OBJECTS) AS THE TRUSTEES MAY IN THEIR DISCRETION THINK FIT.
Financial health, per its FY2026 accounts
The accounts state that the charity held free reserves of £17,780 and unrestricted bank balances of £117,457 at the end of the period. The trustees pursue a policy of maintaining free reserves to cover future needs, contingencies, and risks. The charity made grants totaling £42,490 during the year.
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 Ltd was paid £9,118 for trust administration and cash management feesduring 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
- DAVID ANDREW SPRUZEN
- LUDLOW TRUST COMPANY LTD
- Sarah-Lynn Spruzen
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 30/01/2026 | £52k | £57k |
| 30/01/2025 | £38k | £50k |
| 30/01/2024 | £25k | £42k |
| 30/01/2023 | £16k | £52k |
| 30/01/2022 | £46k | £44k |
Common questions
Is THE MCGILVRAY CHARITABLE FOUNDATION financially healthy?
Per its FY2026 accounts: The accounts state that the charity held free reserves of £17,780 and unrestricted bank balances of £117,457 at the end of the period. The trustees pursue a policy of maintaining free reserves to cover future needs, contingencies, and risks. The charity made grants totaling £42,490 during the year. Its FY2026 accounts were independently examined.