MYROVLYTIS TRUST
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
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?
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 |
|---|---|---|
| THE HELEN STRAKER CHARITY | 1 | — |
| IGY FOUNDATION | 1 | £50k |
| THE VINEHILL TRUST | 1 | £25k |
| CECIL PILKINGTON CHARITABLE TRUST | 1 | £9k |
| THE CADBURY FOUNDATION | 1 | £5k |
| G M MORRISON CHARITABLE TRUST | 1 | £3k |
| J S F POLLITZER CHARITABLE SETTLEMENT | 1 | £2k |
| THE OAKDALE TRUST | 1 | £2k |