Northwood Charitable Trust
Latest income
£4.3m
Latest spending
£5.0m
Accounts read
FY2025
Financial health, per FY2025 accounts
The accounts state that free reserves stood at £94,141,122, a decrease from the prior year's £102,014,878, driven by a net investment loss. The Trustees report that 117% of income was expended, with grants paid decreasing to £4,562,111, while noting that reserves are retained to meet significant requests and stock market risks.
What the accounts disclose
Related-party transaction: DC Thomson Charitable Trust, a connected charity were paid grants totalling £40,000 (2024 £40,000).
“DC Thomson Charitable Trust, a connected charity were paid grants totalling £40,000 (2024 £40,000). Another connected charity, Sir John Leng Trust, received grants amounting to £2,500 (2024 - £nil). During the year Ice Dundee (Community), an entity connected by a close family member appointed as a trustee, received grant funding totalling £55,000 (2024 - £40,000). The same family member is also on the board of the High School of Dundee who were paid £12,450 (2024 - £12,000) in grants. DC Thomson & Company Limited, a connected company recharged salary costs of £114,507 (2024 - £113,525) in the year. At the year end, the Trust was due DC Thomson & Company Limited £nil (2024 - £nil). Wm Thomson & Sons which manages the investment portfolio for the Trust charged a fee of £324,338 (2024 - £447,368) for services provided during the year. Throughout the year the partners of Wm Thomson & Sons were controlled by the Trustees of the Trust. At the year end, the Trust was due Wm Thomson & Sons £25,620 (2024 - £88,701).” — page 24
Per FY2025 accounts as filed with OSCR.