Richard Oatley Trust Number Two
Financial health, per its FY2024 accounts
The accounts state that unrestricted reserves stood at £14,178,690, with no specific reserve policy in place as funds are held to generate income for grant-making. The charity reported a net income of £1,193,603, driven by significant investment gains, and distributed £645,290 in grants, which represented 211% of its incoming resources from investments and property.
What the accounts disclose
“During the year, accountancy services provided by PKF Francis Clark LLP amounted to £47,323. At the balance sheet date the amount due to/from PKF Francis Clark LLP was £Nil. During the year, investment advice provided by Francis Clark Financial Planning Limited amounted to £23,567.” — page 24
“During the year, legal services provided by Mogers Drewett amounted to £41,583. At the balance sheet date the amount due to/from Mogers Drewett LLP was £Nil.” — page 24
“During the year, accountancy services provided by PKF Francis Clark LLP amounted to £47,323. At the balance sheet date the amount due to/from PKF Francis Clark LLP was £Nil. During the year, investment advice provided by Francis Clark Financial Planning Limited amounted to £23,567.” — page 24
“During the year, legal services provided by Mogers Drewett amounted to £41,583. At the balance sheet date the amount due to/from Mogers Drewett LLP was £Nil.” — page 24
Trustees
- Michael John Butlerchair
- FRANK GEOFFREY COLLINS
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £307k | £764k |
| 31/03/2024 | £324k | £723k |
| 31/03/2023 | £359k | £1.3m |
Common questions
Is Richard Oatley Trust Number Two financially healthy?
The accounts state that unrestricted reserves stood at £14,178,690, with no specific reserve policy in place as funds are held to generate income for grant-making. The charity reported a net income of £1,193,603, driven by significant investment gains, and distributed £645,290 in grants, which represented 211% of its incoming resources from investments and property. Its FY2024 accounts were audited by Edwards and Keeping Limited.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE HDH WILLS 1965 CHARITABLE TRUST | 1 | £508k |
| JOHN LAING CHARITABLE TRUST | 1 | £85k |
| FRIENDS OF THE YEATMAN HOSPITAL | 1 | £78k |
| THE CHRISTOPHER LAING FOUNDATION | 1 | £50k |
| THE LANKELLYCHASE FOUNDATION | 1 | £10k |
| MILLS AND REEVE CHARITABLE TRUST | 1 | £6k |
| THE BRANCH TRUST, CHIPPING NORTON (CIO) | 1 | £3k |