THE KEATLEY TRUST
Advancement of education by acquiring objects of artistic literary or historic interest or importance for the purposes of their public exhibition in Great Britain and by arranging for the furthering the public exhibition of such objects when acquired
Objects
THE ADVANCEMENTOF EDUCATION BY ACQUIRING BY PURCHASE, GIFT, LOAN OR OTHERWISE OBJECTS (INCLUDING LAND AND BUILDINGS) OR ARTISTIC, LITERARY OR HISTORIC INTEREST OR IMPORTANCE FOR THE PURPOSES OF THEIR PUBLIC EXHIBITION IN GREAT BRITAIN AND BY ARRANGING FOR AND FURTHERING THE PUBLIC EXHIBITION OF SUCH OBJECTS WHEN ACQUIRED.
Financial health, per its FY2025 accounts
The accounts state that the charity holds unrestricted reserves of £174,041, which are held to enable continued operation and potential ad-hoc purchases. The charity does not have a formal reserves policy and does not fundraise, relying instead on investment income and existing assets to meet its objectives.
What the accounts disclose
“Investment income is recognised when receivable.” — page 11
“For this reason the Trustees do not adopt a going concern basis of accounting.” — page 5
“I have identified a matter of concern in my report because I have concerns that insufficient records have been kept relating to the detail and location of heritage assets.” — page 7
“During the year, dividend income totaling £60,000 (2024: £60,000) was received from N.P.K. Holdings Ltd, a company in which the Trustees of the Charity are directors and collectively hold 42% of the registered share capital, giving them significant influence.” — page 19
“During the year, £375 (2024: £nil) was reimbursed to James Keatley. The reimbursement was in respect of a digital cataloguing invoice that he had paid on behalf of the Charity.” — page 19
“During the year, dividend income totaling £60,000 (2024: £60,000) was received from N.P.K. Holdings Ltd, a company in which the Trustees of the Charity are directors and collectively hold 42% of the registered share capital, giving them significant influence.” — page 19
“During the year, £375 (2024: £nil) was reimbursed to James Keatley. The reimbursement was in respect of a digital cataloguing invoice that he had paid on behalf of the Charity.” — page 19
“During the year, dividend income totaling £60,000 (2024: £60,000) was received from N.P.K. Holdings Ltd, a company in which the Trustees of the Charity are directors and collectively hold 42% of the registered share capital, giving them significant influence.” — page 19
“During the year, £375 (2024: £nil) was reimbursed to James Keatley. The reimbursement was in respect of a digital cataloguing invoice that he had paid on behalf of the Charity.” — page 19
“I have identified a matter of concern in my report because I have concerns that insufficient records have been kept relating to the detail and location of heritage assets.” — page 7
Policies the charity declares
- Conflicting interests
- Internal charity financial controls policy and procedures
- Risk management
- Trustee conflicts of interest policy and procedures
Trustees
- JOHN RANKIN MACDONALD KEATLEYchair
- Dr AZUCENA MARIA GARCIA MARCOS
- ROBERT JAMES MORELL KEATLEY
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 30/06/2025 | £60k | £8k |
| 30/06/2024 | £60k | £7k |
| 30/06/2023 | £0 | £0 |
| 30/06/2022 | £0 | £0 |
| 30/06/2021 | £0 | £0 |
Common questions
Is THE KEATLEY TRUST financially healthy?
Per its FY2025 accounts: The accounts state that the charity holds unrestricted reserves of £174,041, which are held to enable continued operation and potential ad-hoc purchases. The charity does not have a formal reserves policy and does not fundraise, relying instead on investment income and existing assets to meet its objectives. Its FY2025 accounts were independently examined.