Mactaggart Third Fund
Latest income
£995k
Latest spending
£854k
Accounts read
FY2025
Financial health, per FY2025 accounts
The accounts state that total unrestricted funds decreased by £2,284,564 to £17,679,801 due to significant net investment losses of £2,425,541, despite a reduction in charitable expenditure. The directors consider the current reserves level sufficient to continue current activities and report no material uncertainties regarding going concern.
What the accounts disclose
Related-party transaction: Investment in MacCharities Limited (50% owned); value £295,564.
“The company owns 50% of MacCharities Limited, a company in which certain directors of the Mactaggart Third Fund are also directors. At the balance sheet date, the value of the company’s investment was £295,564 (2024: £295,564) which relates solely to the investment in The Resident Liverpool LLP a limited liability partnership.” — page 22
Per FY2025 accounts as filed with OSCR.
Related-party transaction: Due from subsidiary MTF Roger Limited: £1,717,746.
“The company owns 50% of MacCharities Limited, a company in which certain directors of the Mactaggart Third Fund are also directors. At the balance sheet date, the value of the company’s investment was £295,564 (2024: £295,564) which relates solely to the investment in The Resident Liverpool LLP a limited liability partnership.” — page 22
Per FY2025 accounts as filed with OSCR.
Related-party transaction: Due from subsidiary MTF Cornhill Limited: £1,602,502.
“The company owns 50% of MacCharities Limited, a company in which certain directors of the Mactaggart Third Fund are also directors. At the balance sheet date, the value of the company’s investment was £295,564 (2024: £295,564) which relates solely to the investment in The Resident Liverpool LLP a limited liability partnership.” — page 22
Per FY2025 accounts as filed with OSCR.