LORD MAYOR OF MANCHESTER'S CHARITY APPEAL TRUST
Financial health, per its FY2023 accounts
The accounts state that unrestricted reserves stood at £681,395, which is below the previous year's balance of £708,230. The charity reports no material uncertainties regarding its ability to continue as a going concern, with financial provision available until the end of 2024. It maintains a policy to hold sufficient free reserves to cover costs and emergencies, though the specific monetary target for this policy is not explicitly quantified in the text.
What the accounts disclose
“It is the policy of the Charity to maintain unrestricted funds which are free reserves of the charity at a level estimated to provide sufficient funds to cover the costs of generating funds, charitable expenditure and to respond to any emergency situations which may arise.” — page 6
“All staff are employed by Manchester City Council (MCC), and their employment costs are then paid to MCC by the Charity. MCC also provides generous gift-in-kind support to the Charity, including Office Space, IT, HR, Finance and Strategic Management.” — page 3
Structured financials (annual return, FY ending 31/03/2024)
Register events
- Received assets from another charity (05/07/2023)
Trustees
- ANEEL MUSSARAT
- Ajin Jacob Abraham
- Andreas Georgiou
- Asif Ibrahim
- Christopher Woodroofe
- David Edwards
- Edward Smith
- Jill Lovecy
- Jonathan Bernstein
- Louise Busby
- Shaukat Ali
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £413k | £527k |
| 31/03/2024 | £611k | £806k |
| 31/03/2023 | £530k | £695k |
| 31/03/2022 | £229k | £936k |
| 31/03/2021 | £828k | £1.2m |
Common questions
Is LORD MAYOR OF MANCHESTER'S CHARITY APPEAL TRUST financially healthy?
The accounts state that unrestricted reserves stood at £681,395, which is below the previous year's balance of £708,230. The charity reports no material uncertainties regarding its ability to continue as a going concern, with financial provision available until the end of 2024. It maintains a policy to hold sufficient free reserves to cover costs and emergencies, though the specific monetary target for this policy is not explicitly quantified in the text. Its FY2023 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| PARKLAKE CHARITY TRUST | 1 | £2k |