MAD-Aid
Objectives and AimsThe principal objects are1. the relief of sickness and the preservation of health among people, and 2. the advancement of education of disabled children, and 3. the relief of poverty by collecting and distributing money and practical items to people and organizations in need. 4. helping the environment by collecting unwanted medical and specialized disability equipment
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net income of £4,643 for the year ended 31 December 2024, resulting in total unrestricted funds of £193,116. The trustees maintain a reserves policy to hold at least three months of running costs in unrestricted reserves. The financial statements were prepared on a going concern basis, with the trustees expressing reasonable expectation of adequate resources for the foreseeable future.
What the accounts disclose
“The board of trustees aims to maintain at least three months running costs in unrestricted reserves at any given time.” — page 8
Structured financials (annual return, FY ending 31/12/2022)
Trustees
- Adela Cebotari
- Eugene Tsyrklevich
- Paul Andrew Johnston Moffat
- Ruth Debra Harris
- Veaceslav Neaga
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £344k | £339k |
| 31/12/2023 | £369k | £498k |
| 31/12/2022 | £3.7m | £3.4m |
| 31/12/2021 | £168k | £139k |
| 31/12/2020 | £153k | £130k |
Common questions
Is MAD-Aid financially healthy?
Per its FY2024 accounts: The accounts state that the charity reported a net income of £4,643 for the year ended 31 December 2024, resulting in total unrestricted funds of £193,116. The trustees maintain a reserves policy to hold at least three months of running costs in unrestricted reserves. The financial statements were prepared on a going concern basis, with the trustees expressing reasonable expectation of adequate resources for the foreseeable future. Its FY2024 accounts were independently examined.
Who funds MAD-Aid?
Funders whose own accounts filings name MAD-Aid as a grant recipient include H C D MEMORIAL FUND, THE ANGUS LAWSON MEMORIAL TRUST, THE ARCHER TRUST, THE CARMELA & RONNIE PIGNATELLI FOUNDATION, THE RAINFORD TRUST.
Known funders
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| H C D MEMORIAL FUND | FY2024 | £30k | Community |
| H C D MEMORIAL FUND | FY2025 | £20k | Health |
| THE ANGUS LAWSON MEMORIAL TRUST | FY2022 | £10k | Holiday activites for Ukrainian refugee children |
| THE ARCHER TRUST | FY2024 | £3k | |
| THE CARMELA & RONNIE PIGNATELLI FOUNDATION | FY2023 | £3k | |
| THE RAINFORD TRUST | FY2023 | £1k | |
| THE WIGHT AID FOUNDATION | FY2024 | £500 |
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Community Fund | 04/04/2023 | £9k | Connected Communities |
| ARCADIA | 16/10/2022 | £250k | Towards MAD-Aid's work |
| ARCADIA | 06/03/2022 | £500k | Towards MAD-Aid's work |