Charity Accounts Intelreading the accounts so you don’t have to

THE MINEKTE FOUNDATION

Registered charity 1192552 · accounts filings on the Charity Commission register

General charitable purposes. Trust is open to applications. Please submit your application to https://funding.ludlowtrust.com

Causes: General Charitable Purposes · website · Get email alerts

Latest income
£87k
Latest spending
£82k
Registered
2020
Accounts read
FY2025

Financial health, per its FY2025 accounts

The accounts state that the charity held free reserves of £7,125 and expendable endowment bank balances of £489,028 at the end of the reporting period. The trustees pursue a policy of maintaining free reserves to cover future needs, opportunities, contingencies, and risks. No funds were in deficit and no material uncertainties regarding the charity's continuation were disclosed.

Automated summary of the FY2025 accounts; the evidenced findings below carry the verbatim passages.

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: £7k)
“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 Ltd (corporate trustee) received £4,199 for administration fees. Settlor provided £150,000 additions.
“Ludlow Trust Company Ltd was paid £4,199 (2024: £3,472) for trust administration and cash management fees during the year under review.”
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Ludlow Trust Company Ltd, a corporate trustee, was paid £4,199 for trust administration and cash management fees.
“Ludlow Trust Company Ltd was paid £4,199 (2024: £3,472) for trust administration and cash management fees during the year under review. These fees are authorised under clause 6 of the trust deed.”
“During the year under review, £150,000 (2024: £45,310) additions received from the settlor with £39,202 (2024: £9,625) gift aid claimed.”
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Additions received from the settlor, who appoints trustees.
“Ludlow Trust Company Ltd was paid £4,199 (2024: £3,472) for trust administration and cash management fees during the year under review. These fees are authorised under clause 6 of the trust deed.”
“During the year under review, £150,000 (2024: £45,310) additions received from the settlor with £39,202 (2024: £9,625) gift aid claimed.”
Per its FY2025 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit). Discloses 5 of 6 completeness components.

Trustees · trustee networks

Trustee list from the Charity Commission register (current, not historical).

Operates in: Throughout England And Wales

Income and spending

Financial year endIncomeSpending
03/11/2025£87k£82k
03/11/2024£104k£107k
03/11/2023£6k£37k
03/11/2022£0£36k
03/11/2021£0£6k

Common questions

Is THE MINEKTE FOUNDATION financially healthy?

Per its FY2025 accounts: The accounts state that the charity held free reserves of £7,125 and expendable endowment bank balances of £489,028 at the end of the reporting period. The trustees pursue a policy of maintaining free reserves to cover future needs, opportunities, contingencies, and risks. No funds were in deficit and no material uncertainties regarding the charity's continuation were disclosed. Its FY2025 accounts were independently examined.