CLINGAN'S TRUST
As stated in Clause 25 of the scheme i.e. to assist persons under the age of 25 years of age who are resident and educated in the former borough of christchurch and its immediate neighbourhood.
Financial health, per its FY2024 accounts
The accounts state that the charity had unrestricted income of £84,219 and total funds of £980,177 at the end of the period. The trustees report that the charity does not carry any deficit and maintains large capital reserves to meet future running costs. Grants exceeding £69,000 were distributed to support educational purposes for young people.
What the accounts disclose
“The trustees have regard to maintaining proper reserves of income for future needs. In particular, so as to ensure the reserves are sufficient to meet the running costs of the Charity.” — page 6
Trustees
- PAUL MICHAEL MILLSchair
- Carol Cothay
- Dr LAWRENCE DUNCAN BRAD
- JANE BEVERLEY HANNIFAN
- JULIAN MACKLIN
- JULIE SEPHTON
- LINDA EUNICE MAIL
- Rev CANON CHARLES STEWART
- SUSAN ANN BUNGEY
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £89k | £108k |
| 31/12/2023 | £89k | £120k |
| 31/12/2022 | £84k | £93k |
| 31/12/2021 | £80k | £70k |
| 31/12/2020 | £64k | £65k |
Common questions
Is CLINGAN'S TRUST financially healthy?
Per its FY2024 accounts: The accounts state that the charity had unrestricted income of £84,219 and total funds of £980,177 at the end of the period. The trustees report that the charity does not carry any deficit and maintains large capital reserves to meet future running costs. Grants exceeding £69,000 were distributed to support educational purposes for young people. Its FY2024 accounts were independently examined.