MIDASPLUS
The company's principal activities are to further such charitable purposes for the benefit of the public, in particular the communities on the borders of Southern Middlesex, North Surrey & West Berkshire as the trustees shall determine from time to time particularly, but not exclusively, for those suffering financial hardship or sickness by providing grants or other suitable assistance.
Objects
TO FURTHER SUCH CHARITABLE PURPOSES FOR THE BENEFIT OF THE PUBLIC IN PARTICULAR THE COMMUNITIES OF SOUTHERN MIDDLESEX, NORTH SURREY AND WEST BERKSHIRE AS THE DIRECTORS IN THEIR ABSOLUTE DISCRETION SHALL DETERMINE FROM TIME TO TIME PARTICULARLY BUT NOT EXCLUSIVELY FOR THOSE SUFFERING FINANCIAL HARDSHIP OR SICKNESS BY PROVIDING GRANTS, LOANS OR OTHER SUITABLE ASSISTANCE.
Financial health, per its FY2025 accounts
The accounts state that unrestricted funds at year-end were £29,708, which the trustees consider to be within their stated policy target of maintaining reserves equivalent to three to six months of expenditure. The charity reported a net income of £10,007 for the year, with total income of £29,965 generated from donations and charitable activities.
What the accounts disclose
“It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure.” — page 4
Policies the charity declares
- Bullying and harassment policy and procedures
- Complaints handling
- Complaints policy and procedures
- Conflicting interests
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Investing charity funds policy and procedures
- Investment
- Risk management
- Safeguarding policy and procedures
- Safeguarding vulnerable beneficiaries
- Serious incident reporting policy and procedures
- Social media policy and procedures
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
- Volunteer management
Trustees
- Michael Donald Wylie
- Nicolas Charalambous
- Nigel Fogg
- RAYMOND MICHAEL BLOWERS
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 30/06/2025 | £30k | £20k |
| 30/06/2024 | £21k | £18k |
| 30/06/2023 | £13k | £15k |
| 30/06/2022 | £14k | £10k |
| 30/06/2021 | £25k | £16k |
Common questions
Is MIDASPLUS financially healthy?
Per its FY2025 accounts: The accounts state that unrestricted funds at year-end were £29,708, which the trustees consider to be within their stated policy target of maintaining reserves equivalent to three to six months of expenditure. The charity reported a net income of £10,007 for the year, with total income of £29,965 generated from donations and charitable activities. Its FY2025 accounts were independently examined.