THE MCCORQUODALE CHARITABLE TRUST
General Charitable Purposes. Trust is open to applications. Please submit your application to https://funding.ludlowtrust.com
Financial health, per its FY2025 accounts
The accounts state that total funds decreased from £2,436,786 to £2,291,693, driven by a net loss on investments of £103,345 and charitable expenditure exceeding income. The charity reports unrestricted reserves of £4,659, which the trustees attribute to the timing of liabilities and transfers from the expendable endowment fund, noting that significant free reserves are not considered necessary given the availability of the endowment.
What the accounts disclose
“Given the availability of the expendable endowment fund the trustees do not consider that the charity needs to maintain any significant free reserves and the deficit arises due to the timing of liabilities and transfers of funds to settle them.” — page 4
“Fees payable to Ludlow Trust Company Limited, which is a trustee of the charity, are included within note 4 as administrative services and are authorised under clause 6 of the trust deed. At the balance sheet date £3,857 (2024: £3,277) was accrued in respect of these fees.” — page 13
“During the year under review, donations received from the settlor amounted to £139,857 (2024: £117,171).” — page 13
“Fees payable to Ludlow Trust Company Limited, which is a trustee of the charity, are included within note 4 as administrative services and are authorised under clause 6 of the trust deed. At the balance sheet date £3,857 (2024: £3,277) was accrued in respect of these fees.” — page 13
“During the year under review, donations received from the settlor amounted to £139,857 (2024: £117,171).” — page 13
“Fees payable to Ludlow Trust Company Limited, which is a trustee of the charity, are included within note 4 as administrative services and are authorised under clause 6 of the trust deed. At the balance sheet date £3,857 (2024: £3,277) was accrued in respect of these fees.” — page 13
“During the year under review, donations received from the settlor amounted to £139,857 (2024: £117,171).” — page 13
Trustees
- Annabel Julia Gouriet
- CAROLINE LOWSLEY-WILLIAMS
- COLIN NORMAN MCCORQUODALE
- LUDLOW TRUST COMPANY LTD
- Laura McCorquodale
- Luke Michaeal Lowsley-Williams
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 05/04/2025 | £212k | £243k |
| 05/04/2024 | £333k | £322k |
| 05/04/2023 | £47k | £177k |
| 05/04/2022 | £80k | £100k |
| 05/04/2021 | £40k | £181k |
Common questions
Is THE MCCORQUODALE CHARITABLE TRUST financially healthy?
Per its FY2025 accounts: The accounts state that total funds decreased from £2,436,786 to £2,291,693, driven by a net loss on investments of £103,345 and charitable expenditure exceeding income. The charity reports unrestricted reserves of £4,659, which the trustees attribute to the timing of liabilities and transfers from the expendable endowment fund, noting that significant free reserves are not considered necessary given the availability of the endowment. Its FY2025 accounts were independently examined.
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Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| THE MCCORQUODALE CHARITABLE TRUST | £212k | — | 0 | below | — | no doubt |
| Q CHARITABLE TRUST | £760k | — | 0 | below | — | no doubt |
| PAULINE MEREDITH CHARITABLE TRUST | £185k | — | 0 | unclear | — | no doubt |
| THE MACKAY AND BREWER CHARITABLE TRUST | £128k | — | 0 | unclear | — | no doubt |
| MCGRATH TAYLOR FAMILY CHARITABLE TRUST | £109k | — | 0 | unclear | — | no doubt |
| MILLIE'S WATCH | £112k | — | 0 | unclear | — | no doubt |