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MGS CHARITABLE TRUST

Registered charity 1134732 · accounts filings on the Charity Commission register

Latest income
£1.2m
Latest spending
£1.2m
Registered
2010
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that unrestricted funds increased to £119,866 from £21,266 in the prior year, with the trustees maintaining a policy of holding free reserves at a level they deem appropriate for future commitments. The charity generated a net income of £98,600 and reported no employees during the period. The independent auditors confirmed that the financial statements give a true and fair view and identified no material uncertainties regarding the charity's ability to continue as a going concern.

What the accounts disclose

Reserves policy: a level which the Trustees think appropriate, after considering the future commitments of the Charity for the next year (held: £120k)
“It is the policy of the Charity to maintain unrestricted funds, which are the free reserves of the Charity at a level which the Trustees think appropriate, after considering the future commitments of the Charity for the next year.” — page 3
Per its FY2024 accounts as filed with the Charity Commission.

Accounts audited by Melinek Fine LLP.

Structured financials (annual return, FY ending 31/08/2025)

Total income
£1.2m
Total spending
£1.2m
Cost of raising funds
£82k
Reserves (reported)
£0
Employees
0

Reported reserves equal ~0.0 months of spending — in the bottom quarter for charities its size (median 4.8 months; benchmarks).

Trustees

Trustee list from the Charity Commission register (current, not historical).

Operates in: Barnet

Income and spending

Financial year endIncomeSpending
31/08/2025£1.2m£1.2m
31/08/2024£1.4m£1.3m
31/08/2023£1.2m£1.3m
31/08/2022£1.7m£1.7m
31/08/2021£1.7m£1.9m

Common questions

Is MGS CHARITABLE TRUST financially healthy?

The accounts state that unrestricted funds increased to £119,866 from £21,266 in the prior year, with the trustees maintaining a policy of holding free reserves at a level they deem appropriate for future commitments. The charity generated a net income of £98,600 and reported no employees during the period. The independent auditors confirmed that the financial statements give a true and fair view and identified no material uncertainties regarding the charity's ability to continue as a going concern. Its FY2024 accounts were audited by Melinek Fine LLP.

Who funds MGS CHARITABLE TRUST?

Funders whose own accounts filings name MGS CHARITABLE TRUST as a grant recipient include ACHISOMOCH AID COMPANY LIMITED, B E PERL CHARITABLE TRUST, RINA CHARITABLE TRUST, THE BENZI DUNNER SCHOOLS TRUST, THE SALO BORDON CHARITABLE TRUST.

Known funders

Grants to this charity found in funders’ own accounts filings.

FunderYearAmount
ACHISOMOCH AID COMPANY LIMITEDFY2024£344k
ACHISOMOCH AID COMPANY LIMITEDFY2022£213k
B E PERL CHARITABLE TRUSTFY2024£25k
B E PERL CHARITABLE TRUSTFY2025£25k
RINA CHARITABLE TRUSTFY2022£22k
THE BENZI DUNNER SCHOOLS TRUSTFY2025£10k
THE BENZI DUNNER SCHOOLS TRUSTFY2023£9k
THE SALO BORDON CHARITABLE TRUSTFY2023£8k
THE BENZI DUNNER SCHOOLS TRUSTFY2022£7k
JEG TRUST LIMITEDFY2023£7k
THE BENZI DUNNER SCHOOLS TRUSTFY2024£6k
THE RISHY CHARITABLE TRUSTFY2022£5k
RINA CHARITABLE TRUSTFY2023£4k
SABENO LIMITEDFY2024£4k
THE ESFANDI CHARITABLE FOUNDATIONFY2025£0

Funders of similar charities

Funders whose accounts show grants to charities similar to this one (and no recorded grant to this charity) — a starting list for fundraisers.

FunderSimilar charities fundedAmount to them
MAYHEIGHTS LIMITED1£685k
BOURNEHEIGHTS LIMITED1£318k
DINA PERELMAN TRUST LIMITED1£261k
THE KNIGHTLAND FOUNDATION1£150k
E AND E KERNKRAUT CHARITIES LIMITED1£120k
C S KAUFMAN CHARITABLE TRUST1£120k
DELAPAGE LIMITED1£100k
YEDIDIM ASSOCIATION LTD1£78k

Charities like this

Semantically similar by activities and financial character, from our analysed corpus. Compare with M AND S STORFER CHARITABLE TRUST.