Ian Mactaggart Charitable Trust
Latest income
£1.6m
Latest spending
£1.2m
Accounts read
FY2025
Financial health, per FY2025 accounts
The accounts state that total unrestricted funds decreased by £1,429,114 to £16,167,568, driven by net investment losses of £1,800,252 which outweighed the net income of £371,138. The trustees confirm that reserves held at this level are sufficient to continue current activities and there are no material uncertainties regarding the going concern basis.
What the accounts disclose
Related-party transaction: Due from subsidiary IMT Roger Limited; £1,717,746 carrying 7% interest.
“At 30 April 2025, the company was due from £1,717,746 (2024: £1,730,354) to IMT Roger Limited which carries an interest charge of 7%.”
Per FY2025 accounts as filed with OSCR.