SOUTH WILTS MENCAP
Financial health, per its FY2022 accounts
The accounts state that the charity emerged from the pandemic period in good financial health, reporting a net surplus of £52,820 for the year ended 31 December 2022. The trustees maintain that unrestricted reserves are sufficient to cover three to six months of expenditure, a policy level that has been maintained throughout the year. While the charity faces challenges regarding staff recruitment and future income uncertainty due to economic factors, it remains in good shape financially to weather potential recession.
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 6
“Name of undertaking 16 Catherine Street Ltd”
Year-over-year changes
- Reserves position vs the charity's own policy moved from "above" (FY2021) to "within" (FY2022).
Trustees
- Andrew Williams
- Charlotte Feest
- Judith Ann Beddow
- LINDA FLORENCE LANE
- Nicholas Michael Hector Radford
- PIPPA HEIDI TABITHA REIS
- Robin Charles Lucas Clifford
- Sally Ann Gilbert
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £168k | £173k |
| 31/12/2023 | £137k | £149k |
| 31/12/2022 | £170k | £117k |
| 31/12/2021 | £123k | £63k |
| 31/12/2020 | £100k | £69k |
Common questions
Is SOUTH WILTS MENCAP financially healthy?
The accounts state that the charity emerged from the pandemic period in good financial health, reporting a net surplus of £52,820 for the year ended 31 December 2022. The trustees maintain that unrestricted reserves are sufficient to cover three to six months of expenditure, a policy level that has been maintained throughout the year. While the charity faces challenges regarding staff recruitment and future income uncertainty due to economic factors, it remains in good shape financially to weather potential recession. Its FY2022 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| FRIENDS OF WIZNITZ LIMITED | 1 | £335k |
| SF FOUNDATION | 1 | £209k |
| GILMOOR BENEVOLENT FUND LIMITED | 1 | £154k |
| CMZ LTD | 1 | £137k |
| NES FOUNDATION LTD | 1 | £112k |
| MERCAZ TORAH VECHESED LIMITED | 1 | £104k |
| TAGMARSH CHARITY LIMITED | 1 | £75k |
| CHAIM BECHESED | 1 | £50k |