THE MILA CHARITABLE ORGANISATION
Financial health, per its FY2023 accounts
The accounts state that unrestricted reserves stood at £19,321,857, a significant increase from the previous year due to a substantial donation. The trustees report that the charity received a further substantial donation of £11,232,531, which more than doubled the size of the charity's funds overnight. The financial review notes that the annual expenditure as a percentage of invested assets is approximately 3.0%.
What the accounts disclose
“Donations made to the Charity by Trustees totalled £11,444,731 (2022: £289,000). No Trustee received any remuneration or reimbursement of expenses in the year.” — page 19
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- ANNA LUCINDA NASMYTH
- Dr DAVID LEONARD BENTLEY
- HAMISH FORSYTH
- KATE ARIANE NASMYTH
- LAURA ROXANA NASMYTH
- MARK MICHAEL PEREGRINE FRANCIS
- POLLY PHIPPS
- Professor KIM ASHLEY NASMYTH
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £1.3m | £1.2m |
| 31/12/2023 | £11.5m | £504k |
| 31/12/2022 | £425k | £488k |
| 31/12/2021 | £1.2m | £312k |
| 31/12/2020 | £526k | £446k |
Common questions
Is THE MILA CHARITABLE ORGANISATION financially healthy?
The accounts state that unrestricted reserves stood at £19,321,857, a significant increase from the previous year due to a substantial donation. The trustees report that the charity received a further substantial donation of £11,232,531, which more than doubled the size of the charity's funds overnight. The financial review notes that the annual expenditure as a percentage of invested assets is approximately 3.0%. Its FY2023 accounts were audited by Wenn Townsend.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE JD FOUNDATION | 1 | £561k |
| DEBMAR BENEVOLENT TRUST LIMITED | 1 | £190k |
| BEIS MENACHEM CHABAD LUBAVITCH | 1 | £102k |
| YESHIVAS LUBAVITCH MANCHESTER | 1 | £20k |