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MERTHYR TYDFIL INSTITUTE FOR THE BLIND

Registered charity 1007270 · accounts filings on the Charity Commission register · also known as MTIB

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Latest income
£2.4m
Latest spending
£2.1m
Registered
1992
Accounts read
FY2023

Financial health, per its FY2023 accounts

The accounts state that the charity achieved a retained surplus of £37,490 for the year ended 31 March 2023, following a loss in the previous period. The trustees report that free reserves were £1,668,337, which meets their stated policy target of 12 months of forward resources expended. The charity relies on short-term contracts and government grants, noting that future funding beyond March 2025 remains uncertain.

What the accounts disclose

Accounts audited by Azets Audit Services. Discloses 3 of 6 completeness components.

Structured financials (annual return, FY ending 31/03/2025)

Total income
£2.4m
Total spending
£2.1m
Reserves (reported)
£2.6m
Employees
44

Reported reserves equal ~14.9 months of spending — in the top quarter for charities its size (median 4.8 months; benchmarks).

Trustees

Trustee list from the Charity Commission register (current, not historical).

Operates in: Throughout Wales

Income and spending

Financial year endIncomeSpending
31/03/2025£2.4m£2.1m
31/03/2024£2.2m£2.0m
31/03/2023£2.0m£2.1m
31/03/2022£1.8m£1.8m
31/03/2021£1.6m£1.6m

Common questions

Is MERTHYR TYDFIL INSTITUTE FOR THE BLIND financially healthy?

The accounts state that the charity achieved a retained surplus of £37,490 for the year ended 31 March 2023, following a loss in the previous period. The trustees report that free reserves were £1,668,337, which meets their stated policy target of 12 months of forward resources expended. The charity relies on short-term contracts and government grants, noting that future funding beyond March 2025 remains uncertain. Its FY2023 accounts were audited by Azets Audit Services.