THE MINEKTE 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 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.
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 £4,199 (2024: £3,472) for trust administration and cash management fees during the year under review.”
“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.”
“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.”
Policies the charity declares
- 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
- Ludlow Trust Company Ltd
- Michelle Curran
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 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.