MCGILL UNIVERSITY TRUST
Financial health, per its FY2024 accounts
The accounts state that the Trust reported a surplus of £131,592 for the year ended 31st May 2024, compared to a deficit in the previous year. Total income rose significantly to £587,338, driven largely by donations, while administrative expenses remained low at £2,783. The Trust holds accumulated fund reserves of £383,752 and is exempt from audit under the small companies regime.
What the accounts disclose
Structured financials (annual return, FY ending 31/05/2024)
Trustees
- THE HONOURABLE JAMES JONATHAN NELSONchair
- Louise Blondeau
- MARK KEOKI RIDLEY
- Marc Weinstein
- VICTOR PHILLIP MICHAEL DAHDALEH
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/05/2025 | £122k | £207k |
| 31/05/2024 | £587k | £479k |
| 31/05/2023 | £73k | £463k |
| 31/05/2022 | £562k | £541k |
| 31/05/2021 | £575k | £327k |
Common questions
Is MCGILL UNIVERSITY TRUST financially healthy?
The accounts state that the Trust reported a surplus of £131,592 for the year ended 31st May 2024, compared to a deficit in the previous year. Total income rose significantly to £587,338, driven largely by donations, while administrative expenses remained low at £2,783. The Trust holds accumulated fund reserves of £383,752 and is exempt from audit under the small companies regime.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE MICHAEL BISHOP FOUNDATION | 1 | £226k |
| CLAN TRUST LIMITED | 1 | £8k |
| THE JOHN R. MURRAY CHARITABLE TRUST | 1 | £4k |
| THE MILLICHOPE FOUNDATION | 1 | £3k |