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THE MUATH TRUST

Registered charity 1100481 · accounts filings on the Charity Commission register

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Latest income
£2.8m
Latest spending
£2.9m
Registered
2003
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that the group reported a net expenditure of £50,977 for the year, resulting in consolidated funds decreasing from £9,145,479 to £9,094,502. The trustees maintain that the charity has adequate resources to continue as a going concern, with unrestricted general funds of £1,107,990 held against a policy target of three months' outgoing resources plus redundancy liabilities. The charity operates two wholly owned trading subsidiaries, Muath Trading Ltd and Trust Quality Care Ltd, which are consolidated into the financial statements.

What the accounts disclose

Reserves policy: three months outgoing resources plus an estimate of the current liability for redundancy pay on existing staff (held: £1.1m)
“The Trustees consider that they should aim to hold, as unrestricted general funds, a level of reserves equivalent to three months outgoing resources plus an estimate of the current liability for redundancy pay on existing staff.” — page 10
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Management charge from parent to Trust Quality Care Ltd
“a £77,304 (2023 - £59,686) management charge from the charitable parent company to Trust Quality Care Ltd, and a £30,000 management charge from the charitable parent company to Muath Trading Ltd (2023 - Nil). Amounts owed by the subsidiaries are unsecured, interest free, have no fixed date of repayment and are repayable on demand.”
“a £77,304 (2023 - £59,686) management charge from the charitable parent company to Trust Quality Care Ltd, and a £30,000 management charge from the charitable parent company to Muath Trading Ltd (2023 - Nil). Amounts owed by the subsidiaries are unsecured, interest free, have no fixed date of repayment and are repayable on demand.”
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Management charge from parent to Muath Trading Ltd
“a £77,304 (2023 - £59,686) management charge from the charitable parent company to Trust Quality Care Ltd, and a £30,000 management charge from the charitable parent company to Muath Trading Ltd (2023 - Nil). Amounts owed by the subsidiaries are unsecured, interest free, have no fixed date of repayment and are repayable on demand.”
“a £77,304 (2023 - £59,686) management charge from the charitable parent company to Trust Quality Care Ltd, and a £30,000 management charge from the charitable parent company to Muath Trading Ltd (2023 - Nil). Amounts owed by the subsidiaries are unsecured, interest free, have no fixed date of repayment and are repayable on demand.”
Per its FY2024 accounts as filed with the Charity Commission.

Accounts audited by Dains Audit Limited. Discloses 5 of 6 completeness components.

Structured financials (annual return, FY ending 31/12/2024)

Total income
£2.8m
Total spending
£2.9m
Cost of raising funds
£1.1m
Reserves (reported)
£1.1m
Employees
162

Reported reserves equal ~4.6 months of spending — below the median for charities its size (median 4.8 months; benchmarks).

Trustees

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

Operates in: Birmingham City

Income and spending

Financial year endIncomeSpending
31/12/2024£2.8m£2.9m
31/12/2023£2.6m£2.8m
31/12/2022£3.3m£2.8m
31/12/2021£3.3m£3.2m
31/12/2020£3.3m£2.8m

Common questions

Is THE MUATH TRUST financially healthy?

The accounts state that the group reported a net expenditure of £50,977 for the year, resulting in consolidated funds decreasing from £9,145,479 to £9,094,502. The trustees maintain that the charity has adequate resources to continue as a going concern, with unrestricted general funds of £1,107,990 held against a policy target of three months' outgoing resources plus redundancy liabilities. The charity operates two wholly owned trading subsidiaries, Muath Trading Ltd and Trust Quality Care Ltd, which are consolidated into the financial statements. Its FY2024 accounts were audited by Dains Audit Limited.