THE CRUCIBLE FOUNDATION
Financial health, per its FY2025 accounts
The accounts state that the charity holds unrestricted free reserves in a deficit of £470,617, which the trustees acknowledge may arise from the timing of transfers from expendable endowment funds. Total funds stand at £42,827,343, supported by significant investment assets managed by Coutts & Co. The trustees confirm that budgeted income and expenditure are sufficient to continue as a going concern for at least twelve months.
What the accounts disclose
“As at 5 April 2025 free reserves were a deficit of £470,617 (2024 deficit: £1,053,342).” — page 4
“During the year under review, donations received from the settlors amounted to £1,010,000 (2024: £541,000) with £250,000 (2024: £133,7500) gift aids claimed.” — page 17
Structured financials (annual return, FY ending 05/04/2025)
Trustees
- Ludlow Trust Company Ltd
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 05/04/2025 | £3.4m | £3.2m |
| 05/04/2024 | £2.9m | £4.0m |
| 05/04/2023 | £1.6m | £2.0m |
| 05/04/2022 | £501k | £469k |
Common questions
Is THE CRUCIBLE FOUNDATION financially healthy?
The accounts state that the charity holds unrestricted free reserves in a deficit of £470,617, which the trustees acknowledge may arise from the timing of transfers from expendable endowment funds. Total funds stand at £42,827,343, supported by significant investment assets managed by Coutts & Co. The trustees confirm that budgeted income and expenditure are sufficient to continue as a going concern for at least twelve months. Its FY2025 accounts were audited by Blue Spire Limited.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE MASTER CHARITABLE TRUST | 1 | £323k |
| THE BORROWS CHARITABLE TRUST | 1 | £10k |