MICHAEL GUEST CHARITABLE FOUNDATION
Latest income
£202k
Latest spending
£361k
Registered
2013
Accounts read
FY2024
Financial health, per its FY2024 accounts
The accounts state that unrestricted funds decreased to £104,728 from £127,633 the previous year, while the expendable endowment increased to £6,599,870. The trustees report that the holding of reserves is not necessary due to the flexibility of the endowment and anticipated future investment income increases.
What the accounts disclose
Reserves position: below the charity's own stated reserves policy
“In the opinion of the trustees, this flexibilty, together with an anticipated significant increase in investment income in future years, means that the holding of reserves in not necessary.” — page 5
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Investment management fees of £29,624 (2023: £29,567), including fees accrued at the period end of £7,436 (2023: £7,485), were payable to Charles Stanley & Co Limited, a company which employs Mr C Marment.
“Investment management fees of £29,624 (2023: £29,567), including fees accrued at the period end of £7,436 (2023: £7,485), were payable to Charles Stanley & Co Limited, a company which employs Mr C Marment.” — page 19
Per its FY2024 accounts as filed with the Charity Commission.
Trustees
- Hannah Shepherdchair
- Charles Marment
- Kathryn Denise Walshaw
- Lydia Marie Shepherd
- Susana Patten
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £202k | £361k |
| 31/03/2024 | £189k | £242k |
| 31/03/2023 | £248k | £166k |
| 31/03/2022 | £55k | £68k |
| 31/03/2021 | £32k | £34k |
Common questions
Is MICHAEL GUEST CHARITABLE FOUNDATION financially healthy?
The accounts state that unrestricted funds decreased to £104,728 from £127,633 the previous year, while the expendable endowment increased to £6,599,870. The trustees report that the holding of reserves is not necessary due to the flexibility of the endowment and anticipated future investment income increases. Its FY2024 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| DEBMAR BENEVOLENT TRUST LIMITED | 1 | £190k |
| UNSEEN (UK) | 1 | £20k |