THE GARL FOUNDATION

Registered charity 1201243 · accounts filings on the Charity Commission register

To provide such charitable benefits as the trustees may from time to time determine, having regard to current circumstances and personal preference.

Objects

THE TRUSTEES SHALL HOLD THE CAPITAL AND INCOME OF THE TRUST FUND UPON TRUST(A) AS TO THE INCOME AND ALL OR SUCH PART OR PARTS OF THE CAPITAL AS THE FOUNDER MAY BY NOTICE IN WRITING TO THE TRUSTEES DETERMINE FOR OR TOWARDS SUCH CHARITABLE PURPOSES AND TO MAKE DONATIONS TO SUCH CHARITABLE INSTITUTION OR INSTITUTIONS AT SUCH TIME OR TIMES AND IN SUCH MANNER AS THE FOUNDER MAY FROM TIME TO TIME BY A LIKE NOTICE DIRECT PROVIDED ALWAYS THAT WHERE THE FOUNDER HAS NOT BY THE 5TH APRIL IN THE INCOME TAX YEAR FOLLOWING THAT IN WHICH THE INCOME ARISES GIVEN A DIRECTION WHICH FULLY DISPOSES OF THE INCOME THEN SUCH INCOME SHALL BE DISPOSED OF IN ACCORDANCE WITH SUBCLAUSE (B).(B) SUBJECT TO AND IN DEFAULT OF ANY SUCH DIRECTION AND INSOFAR AS ANY SUCH DIRECTION IS NOT EXHAUSTIVE TO APPLY THE INCOME FOR OR TOWARDS SUCH CHARITABLE PURPOSES AND TO MAKE DONATIONS TO SUCH CHARITABLE INSTITUTION OR INSTITUTIONS AT SUCH TIME OR TIMES AND IN SUCH MANNER AS THE TRUSTEES MAY IN THEIR ABSOLUTE DISCRETION THINK FIT PROVIDED THAT THE TRUSTEES MAY IN THEIR ABSOLUTE DISCRETION FOR THE PERIOD OF TWENTY ONE YEARS FROM THE DATE OF THIS DEED INSTEAD OF APPLYING THE INCOME OF THE CHARITY IN ANY YEAR ACCUMULATE ALL OR ANY PART OF SUCH INCOME AT COMPOUND INTEREST BY INVESTING THE SAME AND THE RESULTING INCOME IN ANY OF THE AUTHORISED INVESTMENTS AND HOLD THE SAME AS AN ACCRETION TO AND AS PART OF THE CAPITAL OF THE CHARITY WITHOUT PREJUDICE TO THE RIGHT OF THE TRUSTEES TO APPLY THE WHOLE OR ANY PART OF SUCH ACCUMULATED INCOME IN ANY SUBSEQUENT YEAR AS IF THE SAME WERE INCOME OF THE CHARITY ARISING IN THE THEN CURRENT YEAR.

The charity’s charitable objects and area of benefit, quoted from its governing document as held on the Charity Commission register.

Causes: General Charitable Purposes · Get email alerts

Latest income
£78k
Latest spending
£1.2m
Registered
2022
Accounts read
FY2025

Financial health, per its FY2025 accounts

The accounts state that unrestricted reserves fell from £3.3m to £2.2m due to charitable expenditure exceeding income and investment losses. The trustees report adequate resources for the foreseeable future and note that all investments are readily realisable. No reserves policy target is explicitly stated in the document.

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

What the accounts disclose

Related-party transaction: Investment advisory, custody and transaction fees totalling £10,281 (2024: £2,667) were charged by James Sharp & Co LLP, a firm in which one of the Trustees is materially interested in a partner.
“Investment advisory, custody and transaction fees totalling £10,281 (2024: £2,667) were charged by James Sharp & Co LLP, a firm in which one of the Trustees is materially interested in a partner.” — page 13
“During the year the trust received donations of £21,633 (2024: £52,689) from G A R Lomax, a trustee and founder of the trust.” — page 15
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Donations of £21,633 (2024: £52,689) received from G A R Lomax, a trustee and founder of the trust.
“Investment advisory, custody and transaction fees totalling £10,281 (2024: £2,667) were charged by James Sharp & Co LLP, a firm in which one of the Trustees is materially interested in a partner.” — page 13
“During the year the trust received donations of £21,633 (2024: £52,689) from G A R Lomax, a trustee and founder of the trust.” — page 15
Per its FY2025 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit). Discloses 3 of 6 completeness components.

Policies the charity declares

In its annual return the charity told the Commission that it has the policies listed below. This is self-declared: it is not verified by the Commission or by this site, and it is not evidence of how a policy works in practice.

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
05/04/2025£78k£1.2m
05/04/2024£122k£1.1m

Common questions

Is THE GARL FOUNDATION financially healthy?

Per its FY2025 accounts: The accounts state that unrestricted reserves fell from £3.3m to £2.2m due to charitable expenditure exceeding income and investment losses. The trustees report adequate resources for the foreseeable future and note that all investments are readily realisable. No reserves policy target is explicitly stated in the document. Its FY2025 accounts were independently examined.