EDWARD STOCKS-MASSEY BEQUEST FUND

Registered charity 526516 · accounts filings on the Charity Commission register

The Joint Advisory Committee met on 13th July 2012 to discuss the scheme of allocation for 2012/13. The total allocations approved amounted to 46,500 and were awarded to Lancashire County Council, Burnley Borough Council and various individuals and voluntary organisations. In addition the fund made a separate allocation of 5,000 to the Burnley Mechanics Institure Trust.

Objects

THE PROVISION OF EDUCATION (WETHER MENTAL, PHYSICAL, TECHNICAL OR ARTISTIC) THE ADVANCEMENT OF SCIENCE, LEARNING, MUSIC OR OTHER ARTS IN SUCH MANNER AS THE CORPORATION OF BURNLEY SHALL AT ANY ONE OR MORE TIMES BY RESOLUTION OF THE COUNCIL DETERMINE FOR THE BENEFIT OF THE INHABITANTS OF BURNLEY.

Area of benefit: BOROUGH OF BURNLEY

The charity’s charitable objects and area of benefit, quoted from its governing document as held on the Charity Commission register.

Causes: Education/training · Arts/culture/heritage/science · Amateur Sport · Economic/community Development/employment · website · Get email alerts

Latest income

£35k

Latest spending

£48k

Registered

1963

Accounts read

FY2025

Financial health, per its FY2025 accounts

The accounts state that unrestricted funds decreased from £980,104 to £961,842 due to a net loss on investment revaluation of £85,460, which outweighed the net incoming resources from operations. The charity explicitly states it operates without a reserves policy, relying on the ability to sell capital investments to fund annual grants. Total unrestricted funds carried forward were £961,842, with total assets of £971,073 and current liabilities of £73,852.

Automated summary of the FY2025 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Largest income source: none

“The Edward Stocks Massey Bequest Fund trustees consider that the charity can prudently carry out its planned activities without a Reserves Policy, as they have the power contained within their governing document to sell its Capital investments at short notice to supplement income required for the disbursement of annual grants.” — page 5

Per its FY2025 accounts as filed with the Charity Commission.

Reserves position: below the charity's own stated reserves policy (held: £962k)

“The Edward Stocks Massey Bequest Fund trustees consider that the charity can prudently carry out its planned activities without a Reserves Policy, as they have the power contained within their governing document to sell its Capital investments at short notice to supplement income required for the disbursement of annual grants.” — page 5

Per its FY2025 accounts as filed with the Charity Commission.

Related-party transaction: Note 2.5 states administrative work is done by council officers for no charge. Note 5.1 shows grants to Burnley Borough Council and Lancashire County Council.

“All the administrative and financial work relating to the charity is carried out by officers of Lancashire County Council and Burnley Borough Council. No charge is made to the charity for these services.” — page 9

Per its FY2025 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit). Discloses 4 of 6 completeness components.

Policies the charity declares

In its annual return the charity told the Commission that it has the policies listed below. This is self-declared: it is not verified by the Commission or by this site, and it is not evidence of how a policy works in practice.

Bullying and harassment policy and procedures
Complaints policy and procedures
Financial reserves policy and procedures
Internal charity financial controls policy and procedures
Internal risk management policy and procedures
Investing charity funds policy and procedures
Safeguarding policy and procedures
Serious incident reporting policy and procedures
Trustee conflicts of interest policy and procedures

Trustees · trustee networks

Nicola Ciraolo
Paul Halstead
Paul Wright

Trustee list from the Charity Commission register (current, not historical).

Operates in: Lancashire

Income and spending

Financial year end	Income	Spending
31/03/2025	£35k	£48k
31/03/2024	£34k	£43k
31/03/2023	£32k	£49k
31/03/2022	£29k	£45k
31/03/2021	£23k	£57k

Common questions

Is EDWARD STOCKS-MASSEY BEQUEST FUND financially healthy?

Per its FY2025 accounts: The accounts state that unrestricted funds decreased from £980,104 to £961,842 due to a net loss on investment revaluation of £85,460, which outweighed the net incoming resources from operations. The charity explicitly states it operates without a reserves policy, relying on the ability to sell capital investments to fund annual grants. Total unrestricted funds carried forward were £961,842, with total assets of £971,073 and current liabilities of £73,852. Its FY2025 accounts were independently examined.