Finance Score: 0

Governance Score: 0

Support Score: 0

Deficit on unrestricted reserves: -2
Strong growth: +2

No supporters identified

Overall GiG Score: 0

Q CHARITABLE TRUST

Trust is open to applications. Please submit your application to https://funding.ludlowtrust.com

Analysis by Giving is Great

Positives:

This charity has an endowment fund which generates much of its income
There has been strong growth in spending since inception

Regulatory & Governance issues to consider:

This charity only provides its support via other charities
One or more trustees receive payments or benefits from the charity for providing services to the charity

Financial issues to consider:

There was a deficit on unrestricted reserves of £307,494 at the last year end after deducting the value of own use assets
There has been a change of accounting period recently, so trends may be hard to determine

Financial Data ?

Income & Spending ?

N.B. data has been adjusted to reflect year end change

Sources of Income ?

Y/E		Income £k	Spending £k	Surplus/ Deficit £k	Fundraising Cost £k	Total Funds £k	Unrestricted Funds £k	Mths Rsrvs	Staff	Volun- teers
31/12/23		£1,676	£930	£746	£0	£37,361	£-307	-4	0	0
31/12/22		£1,389	£773	£615	£0	£33,270	£-1,256	-19.5	0	0
31/12/21?		£1,974	£4,285	£-2,311	£0	£38,529	£-2,006	-5.6	0	0
17/09/20	*	£285	£270	£15	n/a	n/a	n/a	n/a	n/a	n/a

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Financial Ratios

Fundraising Costs/Relevant Income: 0%
Fundraising Costs/Total Spending: 0%
Highest pay band: Less than £60,000
Liabilities/Assets: 1%
Liabilities/Income: 25%
Unrestricted Funds/Total Funds: -1%
Reserves/Spending: -4 months
Net Current Assets/Spending: 3 months
Quick Ratio: 1.7

Asset Split ?

Balance Sheet History

Established: 5 years

https://qctrust.org/

charitabletrusts@ludlowtrust.com

0117 313 8200

Charity Commission for England and Wales

Listed activities

Arts/Culture/Heritage/Science
Economic/Community Development/Employment
Education/Training
Environment/Conservation/Heritage
General Charitable Purposes
The Advancement Of Health Or Saving Of Lives
The Prevention Or Relief Of Poverty

GiG Classification

Grant-making foundations

How it operates

Makes grants to organisations

Where it operates

Northern Ireland, Scotland, Throughout England And Wales,

Who it helps

Other Charities Or Voluntary Bodies

Who supports them? ?

We have no records of donations from grant makers.

How is it governed?

Trustees (3)

Current Trustees appointed

ALEXIA JANE QUIN Appointed: 2019

JONATHAN ROGER AITKEN QUIN Appointed: 2019

LUDLOW TRUST COMPANY LTD Appointed: 2021

Legal constitution

Charity registered in England & Wales on 12/12/2019, number: 1186920

Gift Aid

Registered with HMRC for Gift Aid

Policies in force

Complaints handling
Complaints policy and procedures
Conflicting interests
Financial reserves policy and procedures
Internal charity financial controls policy and procedures
Internal risk management policy and procedures
Investing charity funds policy and procedures
Investment
Risk management
Serious incident reporting policy and procedures
Trustee conflicts of interest policy and procedures
Trustee expenses policy and procedures

Filing Record

4 returns made; AR20: 17 days late,

Main office

Ludlow Trust Co Ltd
Tower Wharf
Cheese Lane
BRISTOL
BS2 0JJ

Objectives

THE TRUSTEES SHALL HOLD THE CAPITAL AND INCOME OF THE TRUST FUND UPON TRUST TO APPLY THE INCOME, AND ALL OR SUCH PART OR PARTS OF THE CAPITAL, AT SUCH TIME OR TIMES AND IN SUCH MANNER TO, OR FOR THE BENEFIT OF SUCH CHARITIES OR SUCH EXCLUSIVELY CHARITABLE PURPOSES ACCORDING TO THE LAWS OF ENGLAND AND WALES IN ANY PART OF THE WORLD (OBJECTS) AS THE TRUSTEES MAY IN THEIR DISCRETION THINK FIT.

Data Sources

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