EDWARD STOCKS-MASSEY BEQUEST FUND
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.
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.
What the accounts disclose
“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
“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
“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
Trustees
- Nicola Ciraolo
- Paul Halstead
- Paul Wright
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.