TS Queen Mary Trust
Latest income
£717k
Latest spending
£937k
Accounts read
FY2025
Financial health, per FY2025 accounts
The accounts state that the charity reported a deficit of £220,153 for the period, reducing its unrestricted reserves from £342,546 to £122,393. The trustees consider this reserve level satisfactory for the current stage of operations, noting that the deficit was expected due to the timing of fundraising and expenditure on restoration work. The charity has a stated reserves policy to retain three months of normal running costs.
What the accounts disclose
Payments to trustees: One trustee is an employee of the company and receives remuneration.
“One trustee is an employee of the company and receives remuneration. No other benefits from employment with the charity or a related entity were received by the trustees.”
Per FY2025 accounts as filed with OSCR.
Related-party transaction: A trustee advanced a loan of £25,000 to the charity. There are no set interest or repayment terms attached to this loan.
“dvanced a loan of £25,000 to the Charity during the year to assist with is a trustee of the Charity. There are no set interest or repayment terms attached to this loan.” — page 17
Per FY2025 accounts as filed with OSCR.