MONDAY CHARITABLE TRUST
Financial health, per its FY2024 accounts
The accounts state that total income decreased to £3.21m from £4.52m in the prior year, while total expenditure increased significantly to £7.15m due to the accrual of strategic grants. Consequently, the charity reported a net deficit of £3.945m, reducing its unrestricted funds from £96.814m to £95.566m, though the trustees maintain that resources are adequate for the foreseeable future.
What the accounts disclose
“The Trustees have the discretion to disburse some or all of its Expendable Endowment. Having regard to this, the Trustees have re-examined the requirement to maintain free reserves and concluded that the level currently maintained is appropriate to ensure that the Charity would be able to continue its activities.” — page 11
“A Trustee of the Charity, Jonathan Brinsden is a partner of BDB Pitmans LLP which administers the Charity. Fees invoiced to the Charity during the year were £253,962 (2023: £281,473), allocated to charitable expenditure. A total of £239,633 (2023: £283,617) was paid to BDB Pitmans LLP during the year. As at 31 March 2024 a balance of £27,366 was outstanding (31 March 2023: £10,456). All figures are inclusive of VAT.” — page 27
“The charity has one subsidiary company, Chelsea Estates Limited. The Company did not actively trade in the year and as its results are immaterial to the group, no consolidated financial statements have been prepared.” — page 5
Structured financials (annual return, FY ending 31/03/2025)
Register events
- Received assets from another charity (15/02/2020)
Trustees
- Douglas Blausten
- ELSPETH MARGARET LORIMAR LANE
- Jonathan Brinsden
- SARAH ELIZABETH BAXTER
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £4.1m | £3.3m |
| 31/03/2024 | £3.2m | £7.2m |
| 31/03/2023 | £4.5m | £1.7m |
| 31/03/2022 | £3.3m | £3.3m |
| 31/03/2021 | £4.9m | £7.0m |
Common questions
Is MONDAY CHARITABLE TRUST financially healthy?
The accounts state that total income decreased to £3.21m from £4.52m in the prior year, while total expenditure increased significantly to £7.15m due to the accrual of strategic grants. Consequently, the charity reported a net deficit of £3.945m, reducing its unrestricted funds from £96.814m to £95.566m, though the trustees maintain that resources are adequate for the foreseeable future. Its FY2024 accounts were audited by HaysMac LLP.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE ROZAC CHARITABLE TRUST | 1 | £9k |