THE MIDCOUNTIES CO-OPERATIVE COMMUNITY FUND
Latest income
£125k
Latest spending
£98k
Registered
2011
Accounts read
FY2024
Financial health, per its FY2024 accounts
The accounts state that unrestricted reserves stood at £6,718, with the trustees considering any balance over £nil to be appropriate. Total reserves increased to £1,833,545, driven by a net gain on investments of £140,158. The charity reports no material uncertainties regarding its ability to continue as a going concern.
What the accounts disclose
Reserves policy: anything over £nil on unrestricted funds (held: £7k)
“The trustees consider there are no financial obligations for which funds are not available and are satisfied that a balance of anything over £nil on unrestricted funds is appropriate”
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: The Midcounties Co-operative Limited, the settlor, has the right to appoint and remove the charity's trustees. The trustees are the President and two Vice-Presidents of the Society's Board of Directors. The Midcounties Co-operative Limited oversees the work of the charity and members of its Member Engagement Committee act as the charity's grant panel. During the year The Midcounties Co-operative Limited provided grants to the charity of £82,849 (2023 - £125,195) and was reimbursed grant administration costs of £nil (2023 - £15,000). At the 31 March 2024, a balance of £nil (2023 - £39,200) was owed to The Midcounties Co-operative Limited.
“During the year The Midcounties Co-operative Limited provided grants to the charity of £82,849 (2023 - £125,195) and was reimbursed grant administration costs of £nil (2023 - £15,000). At the 31 March 2024, a balance of £nil (2023 - £39,200) was owed to The Midcounties Co-operative Limited.”
Per its FY2024 accounts as filed with the Charity Commission.
Trustees
- Irene Louise Kirkman
- Paul Mather
- Vivian Stanley Woodell
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £125k | £98k |
| 31/03/2024 | £110k | £116k |
| 31/03/2023 | £153k | £167k |
| 31/03/2022 | £179k | £204k |
| 31/03/2021 | £26k | £135k |
Common questions
Is THE MIDCOUNTIES CO-OPERATIVE COMMUNITY FUND financially healthy?
The accounts state that unrestricted reserves stood at £6,718, with the trustees considering any balance over £nil to be appropriate. Total reserves increased to £1,833,545, driven by a net gain on investments of £140,158. The charity reports no material uncertainties regarding its ability to continue as a going concern. Its FY2024 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE WESTMINSTER FOUNDATION | 1 | £200k |
| THE FOYLE FOUNDATION | 1 | £200k |
| THE JABBS FOUNDATION | 1 | £100k |
| COVENTRY BUILDING SOCIETY CHARITABLE FOUNDATION | 1 | £70k |
| THE SIMON & ELIZABETH BATEY CHARITABLE TRUST | 1 | £22k |
| THE WO STREET CHARITABLE FOUNDATION | 1 | £20k |
| THE SWALLOW TRUST | 1 | £10k |
| Boodles Charitable Trust | 1 | £10k |