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.
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
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.