Charity Accounts Intelreading the accounts so you don’t have to

M I CHARITABLE TRUST

Registered charity 1070898 · accounts filings on the Charity Commission register

To pursue the objects of the charity with all the resources available to the charity.

Causes: General Charitable Purposes · Education/training · The Prevention Or Relief Of Poverty · Religious Activities · Get email alerts

Latest income
£49k
Latest spending
£14k
Registered
1998
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that the charity holds unrestricted free reserves of £340,763, which represents an increase from the previous year's £305,258. The trustees report that the reserves have increased in recent years and are being maintained at an acceptable level while awaiting a suitable project to fund. The financial review indicates the year was good in terms of donations, resulting in a net income of £35,505.

Automated summary of the FY2024 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Reserves policy: maintained at an acceptable level of reserves given the nature of revenue receipts against grants payable (held: £341k)
“The trustees are waiting for a suitable project to fund that will have a major impact on the community thereby ensuring that the balance of the fund is maintained at an acceptable level of reserves given the nature of revenue receipts against grants payable.”
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Donations of £23,000 were received from related parties.
“Donations of £23,000 were received from related parties.” — page 15
Per its FY2024 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit). Discloses 4 of 6 completeness components.

Trustees · trustee networks

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

Operates in: Throughout England And Wales

Income and spending

Financial year endIncomeSpending
31/12/2024£49k£14k
31/12/2023£20k£18k
31/12/2022£113k£12k
31/12/2021£63k£16k
31/12/2020£46k£21k

Common questions

Is M I CHARITABLE TRUST financially healthy?

Per its FY2024 accounts: The accounts state that the charity holds unrestricted free reserves of £340,763, which represents an increase from the previous year's £305,258. The trustees report that the reserves have increased in recent years and are being maintained at an acceptable level while awaiting a suitable project to fund. The financial review indicates the year was good in terms of donations, resulting in a net income of £35,505. Its FY2024 accounts were independently examined.