WILLOUGHBY MEMORIAL TRUST
The Charity established and now maintains a library and art gallery which is open to the public. It promotes the study and education and a knowledge of literature, the arts and music in Lincolnshire by organising art exhibitions, an annual art competition, an annual poetry competition for schools and by giving grants and loans for study, education and knowledge to organisations and individuals.
Financial health, per its FY2025 accounts
The accounts state that the charity reported a deficit for the year of £19,524, resulting in a decrease in total funds from £1,514,503 to £1,427,037. The trustees' report indicates that investment income was adequate to meet current needs, although the overall expenditure exceeded receipts. Reserves are held in accessible forms, with the trustees aiming to maintain two years of operating expenditure.
What the accounts disclose
“The Trustees aim to maintain sufficient reserves in an accessible form to be equivalent to two years operating expenditure.” — page 6
Property (HM Land Registry)
Trustees
- Sebastian St Maur Millerchair
- ELAINE ANNE WILSON
- JOHN KIRKMAN
- Rev Margaret Barton
- Susan Woolley
- Tracey Lamming
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2025 | £43k | £62k |
| 31/12/2024 | £41k | £44k |
| 31/12/2023 | £41k | £35k |
| 31/12/2022 | £40k | £37k |
| 31/12/2021 | £37k | £36k |
Common questions
Is WILLOUGHBY MEMORIAL TRUST financially healthy?
Per its FY2025 accounts: The accounts state that the charity reported a deficit for the year of £19,524, resulting in a decrease in total funds from £1,514,503 to £1,427,037. The trustees' report indicates that investment income was adequate to meet current needs, although the overall expenditure exceeded receipts. Reserves are held in accessible forms, with the trustees aiming to maintain two years of operating expenditure. Its FY2025 accounts were independently examined.