MY MITO MISSION
Financial health, per its FY2023 accounts
The accounts state that the charity ended the period with £65,332 in the bank, holding £6.7k in unrestricted reserves which equates to approximately 12 weeks of unrestricted expenditure. The trustees confirmed that all reserves over this retained amount are designated to charitable activities, specifically £50k for research. The financial review notes that the charity's principal source of funding remains publicly raised donations and fundraising.
What the accounts disclose
“confirmed a retained level of £6.7k, which equates to approximately 12 weeks’ worth of unrestricted expenditure.”
Year-over-year changes
- Reserves position vs the charity's own policy moved from "above" (FY2022) to "within" (FY2023).
- Going concern: going-concern doubt noted (FY2022) → no going-concern doubt (FY2023).
Trustees
- CHRISTINE BEALchair
- AMANDA FRANCES LOUISE CALDWELL BEM
- BETHANY ELLIS
- Christopher Paul Appleby
- Dr Martin Haigh MBE
- Francesca Sevilla-Rebelderia
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £132k | £159k |
| 31/12/2023 | £109k | £72k |
| 31/12/2022 | £62k | £83k |
| 31/12/2021 | £34k | £9k |
| 31/12/2020 | £28k | £30k |
Common questions
Is MY MITO MISSION financially healthy?
The accounts state that the charity ended the period with £65,332 in the bank, holding £6.7k in unrestricted reserves which equates to approximately 12 weeks of unrestricted expenditure. The trustees confirmed that all reserves over this retained amount are designated to charitable activities, specifically £50k for research. The financial review notes that the charity's principal source of funding remains publicly raised donations and fundraising.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE HELEN STRAKER CHARITY | 1 | — |
| ACHISOMOCH AID COMPANY LIMITED | 1 | £488k |
| THE FRANCES AND AUGUSTUS NEWMAN FOUNDATION | 1 | £75k |
| MAYFAIR CHARITIES LIMITED | 1 | £70k |
| THE RAPHAEL FRESHWATER MEMORIAL ASSOCIATION | 1 | £67k |
| IGY FOUNDATION | 1 | £50k |
| THE GERTNER CHARITABLE TRUST | 1 | £42k |
| GIVE US A CHANCE | 1 | £25k |