Charity Accounts Intelreading the accounts so you don’t have to

MORTGAGE ADVICE BUREAU FOUNDATION

Registered charity 1198352 · accounts filings on the Charity Commission register

We support sustainable community-based projects that will provide relief to people in difficult circumstances and of charitable need by reason of their age, ill-health, disability, financial hardship or social situation.Our staff and customers can apply for grant funding to support such projects. Grants are available to charities, not-for-profit organisations and individuals.

Causes: Disability · Other Charitable Purposes · Get email alerts

Latest income
£91k
Latest spending
£80k
Registered
2022
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that the charity generated unrestricted income of £90,759 and incurred total expenditure of £80,133, resulting in a net surplus of £10,626 for the year. Unrestricted reserves increased from £48,942 to £59,568, and the trustees confirmed there are no material concerns regarding the charity's ability to continue as a going concern.

Automated summary of the FY2024 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Largest income source: Mortgage Advice Bureau Limited
“The foundation received £76,112 in donations from Mortgage Advice Bureau Limited during the year” — page 15
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Mortgage Advice Bureau Limited provided goods and services of nominal value without charge, along with the use of office space, IT equipment, and other sundry items.
“Mortgage Advice Bureau Limited is a related party of the Foundation and provided goods and services of nominal value without charge, along with the use of office space, IT equipment, and other sundry items. The Trustees would like to extend their gratitude for this support in kind.” — page 6
“The foundation received £76,112 in donations from Mortgage Advice Bureau Limited during the year, a company which the Trustees' are also directors.” — page 15
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Donations received from Mortgage Advice Bureau Limited.
“Mortgage Advice Bureau Limited is a related party of the Foundation and provided goods and services of nominal value without charge, along with the use of office space, IT equipment, and other sundry items. The Trustees would like to extend their gratitude for this support in kind.” — page 6
“The foundation received £76,112 in donations from Mortgage Advice Bureau Limited during the year, a company which the Trustees' are also directors.” — page 15
Per its FY2024 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit). Discloses 3 of 6 completeness components.

Public fundraising profile: JustGiving — Mortgage Advice Bureau Foundation (matched by registered charity number).

Trustees · trustee networks

Trustee list from the Charity Commission register (current, not historical).

Operates in: Scotland · Throughout England And Wales

Income and spending

Financial year endIncomeSpending
31/12/2024£91k£80k
31/12/2023£83k£52k
31/12/2022£30k£13k

Common questions

Is MORTGAGE ADVICE BUREAU FOUNDATION financially healthy?

Per its FY2024 accounts: The accounts state that the charity generated unrestricted income of £90,759 and incurred total expenditure of £80,133, resulting in a net surplus of £10,626 for the year. Unrestricted reserves increased from £48,942 to £59,568, and the trustees confirmed there are no material concerns regarding the charity's ability to continue as a going concern. Its FY2024 accounts were independently examined.