MEDIA LEGAL DEFENCE INITIATIVE
Financial health, per its FY2024 accounts
The accounts state that the charity closed the year with a net surplus of £50,044 and held unrestricted reserves of £1,056,442. The trustees confirmed that these reserves exceed the policy target of £500,478, which is calculated as six months of operational costs. The filing affirms that adequate resources are available to cover foreseeable expenditure for the next 18 months.
What the accounts disclose
“The Board of Trustees has determined, in line with the organisation’s Reserves Policy, that Media Defence requires reserves of £500,478 to be held to ensure, that as a minimum, we can meet any costs of closing the organisation whilst remaining operational for a period of six months” — page 23
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- Maria Teresa Ronderos Torreschair
- Catherine Anite
- Chivonne Li-Shan Preston
- David Trevor Jones
- GALINA ARAPOVA
- Hilda Elizabeth Rivera Rivas
- JIA YI RINA SEE
- Layal Bahnam
- Peter Alexander Hyde
- Rachel Oldroyd
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £3.0m | £3.0m |
| 31/12/2023 | £2.9m | £2.9m |
| 31/12/2022 | £2.6m | £2.3m |
| 31/12/2021 | £2.1m | £2.0m |
| 31/12/2020 | £2.8m | £2.8m |
Common questions
Is MEDIA LEGAL DEFENCE INITIATIVE financially healthy?
The accounts state that the charity closed the year with a net surplus of £50,044 and held unrestricted reserves of £1,056,442. The trustees confirmed that these reserves exceed the policy target of £500,478, which is calculated as six months of operational costs. The filing affirms that adequate resources are available to cover foreseeable expenditure for the next 18 months. Its FY2024 accounts were audited by Sayer Vincent LLP.
Who funds MEDIA LEGAL DEFENCE INITIATIVE?
Funders whose own accounts filings name MEDIA LEGAL DEFENCE INITIATIVE as a grant recipient include THE EVAN CORNISH FOUNDATION.
Known funders
| Funder | Year | Amount |
|---|---|---|
| THE EVAN CORNISH FOUNDATION | FY2023 | £12k |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| KHODORKOVSKY FOUNDATION | 1 | £10.5m |
| BEIS MENACHEM CHABAD LUBAVITCH | 1 | £102k |
| THE JOSEPH ROWNTREE CHARITABLE TRUST | 1 | £90k |
| THE A B CHARITABLE TRUST | 1 | £55k |
| THE ORR MACKINTOSH FOUNDATION LIMITED | 1 | £55k |
| PERSULA FOUNDATION | 1 | £40k |
| YESHIVAS LUBAVITCH MANCHESTER | 1 | £20k |
| JUSTICE FOR JOURNALISTS FOUNDATION | 1 | £19k |