MCGRATH TAYLOR FAMILY CHARITABLE TRUST
Financial health, per its FY2025 accounts
The accounts state that free reserves increased to £7,762 from £1,204 in the prior year, while unrestricted income was £8,219. The charity paid out £101,212 in grants and held bank balances of £100,769 and investments valued at £148,100 within the expendable endowment fund. The trustees maintain a policy of holding free reserves to cover future needs and contingencies.
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 £1,240 (2024: £1,728) for trust administration and cash management during the year under review.”
“Ludlow Trust Company Ltd was paid £1,240 (2024: £1,728) for trust administration and cash management during the year under review.”
Trustees
- Christopher William Cole
- Kathryn Anne Cole
- Ludlow Trust Company Ltd
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 25/04/2025 | £109k | £103k |
| 25/04/2024 | £1k | £34k |
Common questions
Is MCGRATH TAYLOR FAMILY CHARITABLE TRUST financially healthy?
The accounts state that free reserves increased to £7,762 from £1,204 in the prior year, while unrestricted income was £8,219. The charity paid out £101,212 in grants and held bank balances of £100,769 and investments valued at £148,100 within the expendable endowment fund. The trustees maintain a policy of holding free reserves to cover future needs and contingencies. Its FY2025 accounts were independently examined.