THE MSG FOUNDATION LIMITED
In 2017 the Foundation has once again raised funds specifically with a view to supporting UK charity CFC Family Ministries in connection with practical help & assistance given to help with the education of children in the Philippines. The Foundation has also been able to help a number of other UK charities.
Objects
(1) THE CHARITY’S OBJECTS (“OBJECTS”) ARE AS FOLLOWS (A) TO RELIEVE POVERTY AND HARDSHIP IN THE UK AND OVERSEAS INCLUDING POVERTY AND HARDSHIP WHICH HAS BEEN CAUSED BY REASON OF YOUTH, AGE, ILL HEALTH, INJURY, DISABILITY, UNEMPLOYMENT, FAMINE AND/OR NATURAL DISASTER AND TO DO SO THROUGH THE PROVISION OF FINANCIAL AND MATERIAL ASSISTANCE AND THROUGH THE PROVISION OF GUIDANCE AND ADVICE;(B) TO PREVENT POVERTY AND HARDSHIP IN THE UK AND OVERSEAS THROUGH THE PROVISION OF ADVICE, FINANCIAL AND OTHER MATERIAL ASSISTANCE AND ADVICE TO THOSE WHO ARE BY REASON OF YOUTH, AGE, ILL HEALTH, INJURY, DISABILITY, UNEMPLOYMENT AND/OR NATURAL DISASTER ARE UNABLE OR STRUGGLING TO ADEQUATELY SUPPORT THEMSELVES AND THEIR FAMILY MEMBERS;(C) TO ADVANCE THE EDUCATION OF CHILDREN, YOUNG PEOPLE AND ADULTS THROUGH THE PROVISION OF FINANCIAL SUPPORT, LEARNING RESOURCES, TEACHING STAFF, EQUIPMENT AND FACILITIES TO EDUCATIONAL ESTABLISHMENTS AND THROUGH THE PROVISION OF ADVICE AND GUIDANCE;(D) TO SUPPORT OTHER CHARITABLE BODIES WHO ARE REGISTERED WITH THE COMMISSION AND WHO ARE ENGAGED IN ANY OF THE ACTIVITIES LISTED IN (A) TO (C) ABOVE OR ANY OTHER CHARITABLE PURPOSE.
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net expenditure of £9,883 for the year, resulting in total unrestricted funds decreasing from £21,105 to £11,222. The trustees' report indicates that reserves are maintained to respond to emergency and normal grant applications, though no specific monetary target is defined. The independent examiner confirmed that no material matters came to attention during the examination of the accounts.
What the accounts disclose
“During the year the charity received donations of £18,733 (2023: £12,920) from companies controlled by MS Grewal a trustee.” — page 12
“During the year the charity received donations of £8,684 (2023: £4,717) from companies controlled by SS Grewal.” — page 12
“During the year the charity received donations of £18,733 (2023: £12,920) from companies controlled by MS Grewal a trustee.” — page 12
“During the year the charity received donations of £8,684 (2023: £4,717) from companies controlled by SS Grewal.” — page 12
Policies the charity declares
- Conflicting interests
Trustees
- MOONPAL GREWALchair
- ROBERT GEARY
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £44k | £54k |
| 31/12/2023 | £29k | £10k |
| 31/12/2022 | £30k | £35k |
| 31/12/2021 | £64k | £60k |
| 31/12/2020 | £48k | £71k |
Common questions
Is THE MSG FOUNDATION LIMITED financially healthy?
Per its FY2024 accounts: The accounts state that the charity reported a net expenditure of £9,883 for the year, resulting in total unrestricted funds decreasing from £21,105 to £11,222. The trustees' report indicates that reserves are maintained to respond to emergency and normal grant applications, though no specific monetary target is defined. The independent examiner confirmed that no material matters came to attention during the examination of the accounts. Its FY2024 accounts were independently examined.