THE MIKHEEV CHARITABLE TRUST
Financial health, per its FY2024 accounts
The accounts state that the charity holds all funds as unrestricted, totaling £7,792,471 at the balance sheet date, with a significant portion held in investments. The trustees consider the charity to be a going concern with sufficient resources to meet liabilities as they fall due, noting that the value of assets is materially in excess of liabilities.
What the accounts disclose
“The trustees consider it prudent to keep those balances at slightly over 3 months of projected outlays (i.e. staff costs, anticipated grants and service provider fees), net of the rental and bond portfolio income.”
“During the year, the charity incurred expenditure totalling £4,626 (2023 - £4,350) to Factum UK in return for property advisory services. Charles Woolhouse, the founder and CEO of Factum UK, is the spouse of Katerina Woolhouse, a Trustee of the charity.” — page 27
Trustees
- LEV VICTOR MIKHEEVchair
- Dr Adrian Weller
- KATERINA WOOLHOUSE
- NATALIA MIKHEEV
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 05/04/2025 | £396k | £505k |
| 05/04/2024 | £343k | £471k |
| 05/04/2023 | £347k | £270k |
| 05/04/2022 | £322k | £163k |
| 05/04/2021 | £344k | £357k |
Common questions
Is THE MIKHEEV CHARITABLE TRUST financially healthy?
The accounts state that the charity holds all funds as unrestricted, totaling £7,792,471 at the balance sheet date, with a significant portion held in investments. The trustees consider the charity to be a going concern with sufficient resources to meet liabilities as they fall due, noting that the value of assets is materially in excess of liabilities. Its FY2024 accounts were audited by Buzzacott LLP.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| SAMJO LIMITED | 1 | £904k |
| DEBMAR BENEVOLENT TRUST LIMITED | 1 | £190k |
| MIKVE TAHARAS RUCHEL | 1 | £164k |
| MOLE CHARITABLE TRUST | 1 | £95k |
| THE ROZAC CHARITABLE TRUST | 1 | £9k |
| MW (GK) FOUNDATION | 1 | £5k |
| H P CHARITABLE TRUST | 1 | £1k |