MYROVLYTIS TRUST
Promote research into rare disorders and advance education of the public in medical and molecular genetics.
Financial health, per its FY2024 accounts
The accounts state that the charity's unrestricted funds have decreased to a deficit of £297,005 as of March 2024, following significant grant funding expenditures. The trustees report that the charity has adequate resources to continue in operational existence for the foreseeable future and have adopted the going concern basis. The charity operates a defined contribution pension scheme and has no disclosed trading subsidiaries.
What the accounts disclose
“The Trustees aim to maintain free reserves in unrestricted funds at a level which equates to approximately three to six months of operational costs.” — page 9
Insolvency history (Companies House)
Corporate structure
- Registered company of the charity Companies House 06369701
Company officers (Companies House)
- OKORO, Grace Ugochi on trustee list
- BHAGWAT, Amit on trustee list
- PANAGOPOULOS, Dimitris Nikolas not on trustee list
- HONEYWOOD, Katie Alexandra
Structured financials (annual return, FY ending 31/03/2024)
Trustees
- Amit Bhagwat
- Dr Grace Okoro
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | — | — |
| 31/03/2024 | £594k | £900k |
| 30/09/2022 | £342k | £332k |
| 30/09/2021 | £159k | £145k |
| 30/09/2020 | £323k | £348k |
Common questions
Is MYROVLYTIS TRUST financially healthy?
Per its FY2024 accounts: The accounts state that the charity's unrestricted funds have decreased to a deficit of £297,005 as of March 2024, following significant grant funding expenditures. The trustees report that the charity has adequate resources to continue in operational existence for the foreseeable future and have adopted the going concern basis. The charity operates a defined contribution pension scheme and has no disclosed trading subsidiaries. Its FY2024 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| IGY FOUNDATION | 1 | £175k |
| THE FRANCES AND AUGUSTUS NEWMAN FOUNDATION | 1 | £43k |
| THE SIR JAMES RECKITT CHARITY | 1 | £36k |
| THE VINEHILL TRUST | 1 | £25k |
| CECIL PILKINGTON CHARITABLE TRUST | 1 | £12k |
| ROBERT LUFF FOUNDATION LIMITED | 1 | £10k |
| G M MORRISON CHARITABLE TRUST | 1 | £10k |
| MISSES BARRIE CHARITABLE TRUST | 1 | £8k |
Charities like this
- MYOTUBULAR TRUST
- MY MITO MISSION
- MYRISTICA TRUST
- MYOSITIS UK
- MYR CHARITABLE TRUST
- THE MIRIANOG TRUST
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| MYROVLYTIS TRUST | £594k | — | 0 | unclear | — | no doubt |
| MYOTUBULAR TRUST | £147k | £20,000 | 0 | unclear | — | no doubt |
| MY MITO MISSION | £132k | — | 0 | unclear | — | no doubt |
| MYRISTICA TRUST | £4.1m | — | 0 | unclear | — | no doubt |
| MYOSITIS UK | £140k | — | 0 | unclear | — | no doubt |
| MYR CHARITABLE TRUST | £114k | — | 0 | unclear | — | no doubt |