The Hugh Mumford Charitable Trust
Financial health, per its FY2025 accounts
The accounts state that total funds increased to £6,352,414, with free/unrestricted reserves of £338,566. The trustees note that due to the availability of an expendable endowment fund, they do not consider it necessary to maintain significant free reserves. The charity has no employees and relies on investment income and settlor donations to fund its grant-making activities.
What the accounts disclose
“Given the availability of the expendable endowment fund the trustee does not consider that the charity needs to maintain any significant free reserves although they recognise that such reserves will arise from time to time.” — page 4
“The charity's corporate trustee, Ludlow Trust Company Limited, charged fees for the provision of administrative services of £29,786 (2024: £21,061), shown in note 4. At the balance sheet date £1,710 ( 2024: £1,376) is accrued and payable to the Ludlow Trust Company Limited. The fees are authorised under clause 6 of the trust deed.” — page 16
“During the year under review, additions received from the settlors amounted £1,600,000 (2024: £1,000,000) with £400,000 (2024: £250,000) gift aids claimed.” — page 16
“The charity's corporate trustee, Ludlow Trust Company Limited, charged fees for the provision of administrative services of £29,786 (2024: £21,061), shown in note 4. At the balance sheet date £1,710 ( 2024: £1,376) is accrued and payable to the Ludlow Trust Company Limited. The fees are authorised under clause 6 of the trust deed.” — page 16
“During the year under review, additions received from the settlors amounted £1,600,000 (2024: £1,000,000) with £400,000 (2024: £250,000) gift aids claimed.” — page 16
Structured financials (annual return, FY ending 21/10/2025)
Trustees
- Hugh Mumford
- Kate Mary Mumford
- Ludlow Trust Company Ltd
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 21/10/2025 | £1.2m | £1.1m |
| 21/10/2024 | £159k | £55k |
| 21/10/2023 | £76k | £33k |
| 21/10/2022 | £33k | £20k |
| 21/10/2021 | £40k | £40k |
Common questions
Is The Hugh Mumford Charitable Trust financially healthy?
The accounts state that total funds increased to £6,352,414, with free/unrestricted reserves of £338,566. The trustees note that due to the availability of an expendable endowment fund, they do not consider it necessary to maintain significant free reserves. The charity has no employees and relies on investment income and settlor donations to fund its grant-making activities. Its FY2025 accounts were audited by Blue Spire Limited.