THE PORTO CHARITABLE TRUST
Latest income
£106k
Latest spending
£105k
Registered
2020
Accounts read
FY2025
Financial health, per its FY2025 accounts
The accounts state that the charity held free reserves of £14,750 and bank balances of £421,445 at the end of the reporting period. The trustees maintain a policy of holding free reserves to cover future needs, opportunities, contingencies, and risks. No specific reserves policy target is stated in the document.
What the accounts disclose
Reserves policy: 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 (held: £15k)
“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.”
Per its FY2025 accounts as filed with the Charity Commission.
Payments to trustees: Ludlow Trust Company Limited (a corporate trustee) received £4,912 for trust administration and cash management services.
“Ludlow was paid £4,912 for trust administration and cash management services during the year under review. These fees are authorised under clause 6 of the trust deed.”
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Ludlow Trust Company Limited is a corporate trustee. The document states fees were paid to Ludlow for trust administration and cash management services.
“Ludlow was paid £4,912 for trust administration and cash management services during the year under review. These fees are authorised under clause 6 of the trust deed.”
Per its FY2025 accounts as filed with the Charity Commission.
Trustees
- Dawn Malone
- LUDLOW TRUST COMPANY LTD
- Stephen Mark Malone
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 16/03/2025 | £106k | £105k |
| 16/03/2024 | £14k | £5k |
| 16/03/2023 | £724 | £5k |
| 16/03/2022 | £54k | £57k |
| 16/03/2021 | £395k | £404k |
Common questions
Is THE PORTO CHARITABLE TRUST financially healthy?
The accounts state that the charity held free reserves of £14,750 and bank balances of £421,445 at the end of the reporting period. The trustees maintain a policy of holding free reserves to cover future needs, opportunities, contingencies, and risks. No specific reserves policy target is stated in the document. Its FY2025 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE M D AND S CHARITABLE TRUST | 1 | £230k |
| MYR CHARITABLE TRUST | 1 | £8k |
| YORKSHIRE BUILDING SOCIETY CHARITABLE FOUNDATION | 1 | £3k |