THE ALBERT EDWARD PROCTER CHARITABLE TRUST
General Charitable Purposes. Trust is open to applications. Please submit your application to https://funding.ludlowtrust.com
Objects
TO OR AMONGST SUCH CHARITABLE INSTITUTIONS OF WHATSOEVER NATURE AND WHERESOEVER AS THE COMPANY MAY IN ITS ABSOLUTE AND UNCONTROLLED DISCRETION SELECT AND THINK PROPER AND WHETHER AS TO ONE SUCH INSTITUTION TO THE EXCLUSION OF ALL OTHERS OR TO SEVERAL SUCH INSTITUTIONS IN SUCH PROPORTIONS FROM FIME TO TIME AS THE COMPANY SHALL IN ITS ABSOLUTE AND UNCONTROLLED DISCRETION THINK FIT.
Financial health, per its FY2026 accounts
The accounts state that free reserves were £6,861 at the end of the reporting period, down from £9,675 in the previous year. The charity holds an expendable endowment fund valued at £669,653 which can be released to support activities. The trustees maintain a policy of holding free reserves to cover future needs, opportunities, contingencies, and risks.
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 Limited was paid £4,133 for trust administration and cash management fees during the year under review. These fees are authorised under clause 2 of the trust deed.”
Policies the charity declares
- Bullying and harassment policy and procedures
- Complaints handling
- Complaints policy and procedures
- Conflicting interests
- 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
- Serious incident reporting policy and procedures
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
Trustees
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 02/02/2026 | £33k | £38k |
| 02/02/2025 | £35k | £41k |
| 02/02/2024 | £16k | £38k |
| 02/02/2023 | £12k | £18k |
| 02/02/2022 | £11k | £13k |
Common questions
Is THE ALBERT EDWARD PROCTER CHARITABLE TRUST financially healthy?
Per its FY2026 accounts: The accounts state that free reserves were £6,861 at the end of the reporting period, down from £9,675 in the previous year. The charity holds an expendable endowment fund valued at £669,653 which can be released to support activities. The trustees maintain a policy of holding free reserves to cover future needs, opportunities, contingencies, and risks. Its FY2026 accounts were independently examined.