MYR CHARITABLE TRUST
The Charity supports those organisations deemed to promote the objectives of the charity.
Financial health, per its FY2024 accounts
The accounts state that unrestricted reserves stood at £1,459,271, with a reserves policy based on trustee discretion rather than a fixed target. The charity reports no material uncertainties regarding its ability to continue as a going concern, supported by net current assets of £34,271 and investment properties valued at £1,425,000.
What the accounts disclose
“It is the policy of the charity to maintain unrestricted funds, which are the free reserves of the charity, at a level which the trustees think appropriate after considering the future commitments of the charity and the likely administrative costs of the charity for the next year.” — page 4
“Donations received include amounts received from entities connected to the trustees.” — page 11
“The trustees of JO Charitable Trust include a trustee in common with this charity.” — page 12
“Donations received include amounts received from entities connected to the trustees.” — page 11
“The trustees of JO Charitable Trust include a trustee in common with this charity.” — page 12
Year-over-year changes
- Going concern: going-concern doubt noted (FY2023) → no going-concern doubt (FY2024).
Trustees
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £114k | £98k |
| 31/12/2023 | £134k | £152k |
| 31/12/2022 | £97k | £115k |
| 31/12/2021 | £109k | £111k |
| 31/12/2020 | £103k | £477k |
Common questions
Is MYR CHARITABLE TRUST financially healthy?
Per its FY2024 accounts: The accounts state that unrestricted reserves stood at £1,459,271, with a reserves policy based on trustee discretion rather than a fixed target. The charity reports no material uncertainties regarding its ability to continue as a going concern, supported by net current assets of £34,271 and investment properties valued at £1,425,000. Its FY2024 accounts were independently examined.
Who funds MYR CHARITABLE TRUST?
Funders whose own accounts filings name MYR CHARITABLE TRUST as a grant recipient include H P CHARITABLE TRUST.
Known funders
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| H P CHARITABLE TRUST | FY2024 | £1k |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE ROZAC CHARITABLE TRUST | 1 | £9k |
| THE REISNER CHARITABLE FOUNDATION LTD | 1 | £5k |
Charities like this
- MOYNITRUST
- THE MARCELA TRUST
- FUTURE SCOPE CHARITABLE TRUST
- M O CHARITABLE TRUST
- G M MORRISON CHARITABLE TRUST
- MYRISTICA TRUST
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| MYR CHARITABLE TRUST | £114k | — | 0 | unclear | — | no doubt |
| MOYNITRUST | £164k | — | 0 | unclear | — | no doubt |
| THE MARCELA TRUST | £8.3m | £220,001 - £230,000 | 2 | above | — | no doubt |
| FUTURE SCOPE CHARITABLE TRUST | £236k | — | 0 | above | — | no doubt |
| M O CHARITABLE TRUST | £146k | — | 0 | within | — | no doubt |
| G M MORRISON CHARITABLE TRUST | £384k | — | 0 | unclear | — | no doubt |