MY BAG CHARITY
THE PREVENTION OR RELIEF OF POVERTY OF VULNERABLE CHILDREN THROUGHOUT ENGLAND FOR THE PUBLIC BENEFIT BY SUPPLYING A HOLDALL WITH ESSENTIAL AND COMFORT ITEMS AS THEY ENTER FOSTER CARE, IN ORDER TO HELP THOSE CHILDREN HAVE A MORE POSITIVE EXPERIENCE AND ENSURING THEY HAVE A MORE STABLE AND SUPPORTED OPPORTUNITY IN THE CARE SYSTEM.
Objects
THE PREVENTION OR RELIEF OF POVERTY OF VULNERABLE CHILDREN THROUGHOUT ENGLAND FOR THE PUBLIC BENEFIT BY SUPPLYING A HOLDALL WITH ESSENTIAL AND COMFORT ITEMS AS THEY ENTER FOSTER CARE, IN ORDER TO HELP THOSE CHILDREN HAVE A MORE POSITIVE EXPERIENCE AND ENSURING THEY HAVE A MORE STABLE AND SUPPORTED OPPORTUNITY IN THE CARE SYSTEM.FOR THE PURPOSE OF THIS CLAUSE, "CHILDREN" MEANS ANY CHILD UP TO EIGHTEEN YEARS OF AGE.
Financial health, per its FY2025 accounts
The accounts state that the charity held unrestricted reserves of £39,482 at the year end, which the trustees note is equivalent to the amount expected to be spent in the following financial year. The filing reports a net income deficit of £3,666 for the period but confirms a strong financial position with no going concern issues.
What the accounts disclose
“Business/Organisational Donations 18,264”
“this year our overheads amounts to just 3.2% of income raised”
“Any excess funds are held so that the charity can achieve it’s aim of giving each child in Nottingham and Nottinghamshire a ‘My Bag’ as they enter Foster Car for the first time”
Policies the charity declares
- Bullying and harassment policy and procedures
- Complaints policy and procedures
- Conflicting interests
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Investing charity funds policy and procedures
- Safeguarding policy and procedures
- Serious incident reporting policy and procedures
- Social media policy and procedures
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
Funders the charity credits
- Ireland Fund
Trustees
- STUART WILLIAM FERGUSONchair
- NICOLA EVE BARBER
- Oliver Rolling
- STEPHANIE RACHAEL MALLORY
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £31k | £35k |
| 31/03/2024 | £36k | £32k |
| 31/03/2023 | £23k | £19k |
| 31/03/2022 | £13k | £16k |
| 31/03/2021 | £23k | £9k |
Common questions
Is MY BAG CHARITY financially healthy?
Per its FY2025 accounts: The accounts state that the charity held unrestricted reserves of £39,482 at the year end, which the trustees note is equivalent to the amount expected to be spent in the following financial year. The filing reports a net income deficit of £3,666 for the period but confirms a strong financial position with no going concern issues.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE HARGREAVES FOUNDATION | 1 | £92k |
| CML - CHEVRAS MO'OZ LADOL | 1 | £27k |
| JEG TRUST LIMITED | 1 | £25k |
| THE HAMPSTEAD WELLS AND CAMPDEN TRUST | 1 | £12k |
| THE ASHWORTH CHARITABLE TRUST | 1 | £5k |
| SCHRODER CHARITY TRUST | 1 | £5k |
| SKIPTON BUILDING SOCIETY CHARITABLE FOUNDATION | 1 | £3k |
| THE TRUEMARK TRUST | 1 | £3k |
Charities like this
- THINK CHARITABLE FOUNDATION
- THE REAL GOOD FOUNDATION
- COMPASSION IN ACTION
- GIVE. HELP. SHARE.
- OUR HIDDEN TREASURE
- MAKE A WELL CHARITY
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| MY BAG CHARITY | £31k | — | 0 | above | 3.2% | no doubt |
| THINK CHARITABLE FOUNDATION | £50k | — | 0 | unclear | — | no doubt |
| THE REAL GOOD FOUNDATION | £28k | — | 0 | unclear | — | no doubt |
| COMPASSION IN ACTION | £801k | — | 0 | above | — | no doubt |
| GIVE. HELP. SHARE. | £243k | — | 0 | above | — | no doubt |
| OUR HIDDEN TREASURE | £111k | — | 0 | unclear | — | no doubt |