Thistledown Trust
Latest income
£176k
Latest spending
£158k
Accounts read
FY2025
Financial health, per FY2025 accounts
The accounts state that unrestricted funds decreased by £272,816 to £6,304,624, primarily due to investment losses of £291,269. The charity reported incoming resources of £175,983 and applied £157,530 to charitable activities and investment management costs. The trustees consider there are no material uncertainties about the Trust’s ability to continue as a going concern.
What the accounts disclose
Payments to trustees: A partner in Wright, Johnston & Mackenzie LLP (the administrator) is a trustee. The firm received £18,000 in legal fees and £11,002 in investment management charges. No other trustees received remuneration.
“HE @ partner in Wright, Johnston & Mackenzie LLP, administrators for the Trust during the year, whose legal fees of £18,000 (2024 - £19,860) are included in "Governance Costs" per note 2. Investment management charges of £11,002 (2024 - £10,396) which are shown on the Statement of Financial Activities were paid to Wright, Johnston & Mackenzie LLP, None of the other Trustees received remuneration or expenses.” — page 19
Per FY2025 accounts as filed with OSCR.
Related-party transaction: The administrator, Wright, Johnston & Mackenzie LLP, is a related party. A partner in this firm is a trustee. Legal fees of £18,000 were paid to the firm, and investment management charges of £11,002 were also paid to the firm.
“HE @ partner in Wright, Johnston & Mackenzie LLP, administrators for the Trust during the year, whose legal fees of £18,000 (2024 - £19,860) are included in "Governance Costs" per note 2. Investment management charges of £11,002 (2024 - £10,396) which are shown on the Statement of Financial Activities were paid to Wright, Johnston & Mackenzie LLP, None of the other Trustees received remuneration or expenses.” — page 19
Per FY2025 accounts as filed with OSCR.