UMN SUPPORT TRUST
Financial health, per its FY2024 accounts
The accounts state that total funds increased to £437,585 by the end of the year, driven by incoming resources of £249,306 against total expenditures of £236,622. The charity holds £840,000 in loan funds from UMN, which are invested to generate income for charitable grants. The trustees confirm they have no desire to build significant reserves and keep operational costs minimal.
What the accounts disclose
“UMNST allowed UMN to use UMNST's PayPal facility on the UMN website to sell calendars, Christmas cards and a commemorative book. UMNST passed 100% of the proceeds to UMN and therefore incurred no profit or loss.” — page 14
Structured financials (annual return, FY ending 17/09/2021)
Trustees
- DR MARK GALPINchair
- Caroline Anne Trimble
- Dr David Andrew Rodgers
- Joel Andrew Hafvenstein
- Peter Stuart Lockwood
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 17/09/2025 | £460k | £463k |
| 17/09/2024 | £251k | £249k |
| 17/09/2023 | £192k | £170k |
| 17/09/2022 | £140k | £130k |
| 17/09/2021 | £755k | £965k |
Common questions
Is UMN SUPPORT TRUST financially healthy?
The accounts state that total funds increased to £437,585 by the end of the year, driven by incoming resources of £249,306 against total expenditures of £236,622. The charity holds £840,000 in loan funds from UMN, which are invested to generate income for charitable grants. The trustees confirm they have no desire to build significant reserves and keep operational costs minimal. Its FY2024 accounts were independently examined.