MCGREEVY NO 5 SETTLEMENT
To distribute grants to charitable institutions for charitable purposes.
Objects
THE ADVANCEMENT OF SUCH CHARITABLE PURPOSES OR CHARITABLE INSTITUTIONS AND IN SUCH MANNER AS THE TRUSTEES SHALL IN THEIR ABSOLUTE DISCRETION THINK FIT.
Financial health, per its FY2025 accounts
The accounts state that unrestricted reserves stood at £3,427,852.57, representing a net decrease from the previous year's £3,510,232.36 due to investment management fees and grants exceeding investment income. The trustees consider the results satisfactory and confirm there are no material uncertainties regarding the trust's ability to continue as a going concern.
What the accounts disclose
“The trustees intend to distribute the income arising from year to year but may at their discretion make further donations from the charity’s reserves in cases of exceptional need.” — page 5
Policies the charity declares
- 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
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
Trustees
- Charles Harris
- ELISE MCGREEVY-HARRIS
- KATRINA PATERSON
- Thomas Albert Chalmers Paterson
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 05/04/2025 | £90k | £89k |
| 05/04/2024 | £86k | £91k |
| 05/04/2023 | £77k | £99k |
| 05/04/2022 | £67k | £110k |
| 05/04/2021 | £66k | £105k |
Common questions
Is MCGREEVY NO 5 SETTLEMENT financially healthy?
Per its FY2025 accounts: The accounts state that unrestricted reserves stood at £3,427,852.57, representing a net decrease from the previous year's £3,510,232.36 due to investment management fees and grants exceeding investment income. The trustees consider the results satisfactory and confirm there are no material uncertainties regarding the trust's ability to continue as a going concern. Its FY2025 accounts were independently examined.