MICROLOAN FOUNDATION
Financial health, per its FY2024 accounts
The accounts state that total group funds increased to £2,206,568, with unrestricted reserves of £2,097,295. The charity reports an Operational Self Sufficiency ratio of 108% for its Malawi operation and 101% for Zambia, while Zimbabwe operated at 79% due to drought impacts. The trustees confirm adequate resources for the foreseeable future, with free reserves covering 7.3 months of forecast cash outflows.
What the accounts disclose
“The Board has agreed that ‘free reserves’ should exceed a minimum of six months but are not expected to exceed nine months forecast cash outflows, calculated on an annualised basis. At 31 December 2024, the free reserves position was £456,263 equivalent to 7.3 months.”
“The company's ultimate parent undertaking and controlling party is WildHearts Foundation Limited, a registered Scottish charity (SC037072) and a company limited by guarantee (SC290665). Copies of its consolidated financial statements are available from Companies House.” — page 81
“Expenses totalling £1,327 (2023: £376) were reimbursed to two (2023: two) trustees during the year.” — page 70
“The company's ultimate parent undertaking and controlling party is WildHearts Foundation Limited, a registered Scottish charity (SC037072) and a company limited by guarantee (SC290665). Copies of its consolidated financial statements are available from Companies House.” — page 81
“Expenses totalling £1,327 (2023: £376) were reimbursed to two (2023: two) trustees during the year.” — page 70
Leadership, per the charity’s website
- Medha Wilson — Group Chief Executive Officer
- Dr Mick Jackson — Chairman
- Mateo Zanetic — Regional Director for Africa
- Samson Songore — Chief Executive Officer Zimbabwe
- Jack Ngoma — Chief Executive Officer Zambia
- Davison Rakasi — Chief Executive Officer Malawi
- David McCrossan — Group Chief Financial Officer
- Malin Rosenkvist — Director of Fundraising & Communications
Structured financials (annual return, FY ending 31/12/2024)
Register events
- Received assets from another charity (25/07/2025)
Trustees
- Michael Anthony Jacksonchair
- Bernice Dunsmuir
- Stephen Paul Stolliday
- Steven Marshall
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £5.6m | £5.1m |
| 31/12/2023 | £6.1m | £5.6m |
| 31/12/2022 | £5.3m | £4.8m |
| 31/12/2021 | £3.8m | £3.2m |
| 31/12/2020 | £3.0m | £2.8m |
Common questions
Is MICROLOAN FOUNDATION financially healthy?
The accounts state that total group funds increased to £2,206,568, with unrestricted reserves of £2,097,295. The charity reports an Operational Self Sufficiency ratio of 108% for its Malawi operation and 101% for Zambia, while Zimbabwe operated at 79% due to drought impacts. The trustees confirm adequate resources for the foreseeable future, with free reserves covering 7.3 months of forecast cash outflows. Its FY2024 accounts were audited by Sayer Vincent LLP.
Who funds MICROLOAN FOUNDATION?
Funders whose own accounts filings name MICROLOAN FOUNDATION as a grant recipient include THE HEADLEY TRUST, HALCROW FOUNDATION, BLISS FAMILY CHARITY, ALLAN AND NESTA FERGUSON CHARITABLE SETTLEMENT, THE SIMMONS AND SIMMONS CHARITABLE FOUNDATION.
Known funders
| Funder | Year | Amount |
|---|---|---|
| THE HEADLEY TRUST | FY2024 | £57k |
| HALCROW FOUNDATION | FY2023 | £57k |
| BLISS FAMILY CHARITY | FY2022 | £50k |
| ALLAN AND NESTA FERGUSON CHARITABLE SETTLEMENT | FY2023 | £25k |
| BLISS FAMILY CHARITY | FY2024 | £17k |
| BLISS FAMILY CHARITY | FY2023 | £15k |
| THE SIMMONS AND SIMMONS CHARITABLE FOUNDATION | FY2022 | £10k |
| THE SIMMONS AND SIMMONS CHARITABLE FOUNDATION | FY2023 | £8k |
| ALTOR FOUNDATION | FY2023 | £6k |
| THE HUGH SYMONS CHARITABLE TRUST | FY2023 | £5k |
| ALTOR FOUNDATION | FY2022 | £5k |
| THE TULA TRUST LIMITED | FY2023 | £2k |
| ANSON CHARITABLE TRUST | FY2024 | £2k |
| THE SIR JAMES ROLL CHARITABLE TRUST | FY2025 | £1k |
| THE AUSTIN BAILEY FOUNDATION | FY2023 | £1k |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| BRITISH HUMANE ASSOCIATION | 1 | — |
| GOLDMAN SACHS GIVES (UK) | 1 | £1.3m |
| BRIDGE HOUSE ESTATES | 1 | £864k |
| ROSA FUND | 1 | £807k |
| THE BRADLEY AND KATHERINE WICKENS FOUNDATION | 1 | £161k |
| PERSONAL ASSURANCE CHARITABLE TRUST | 1 | £160k |
| THE HAPPY BABY COMMUNITY | 1 | £75k |
| THE LOPPYLUGS AND BARBARA MORRISON CHARITABLE TRUST | 1 | £17k |