MIVA FOUNDATION
Financial health, per its FY2023 accounts
The accounts state that the charity's unrestricted funds increased to £124,888 by the end of the period, following net incoming resources of £124,888. The trustees confirm there are no material uncertainties regarding the charity's ability to continue as a going concern. Reserves are held only to cover grants promised in the next three months, with no policy for retaining significant reserves.
What the accounts disclose
“The trustees have no policy of retaining significant reserves, other than to ensure that sufficient funds are held at any one time to cover the grants already promised in the next three months.” — page 4
“Mr M Twinning has made donations to the charity totalling K5,000 in the year. At the balance sheet date the amount due to/from Michael Twinning was gNit.” — page 15
Structured financials (annual return, FY ending 31/12/2025)
Trustees
- Michael Twinningchair
- Valerie Twinning
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2025 | £598k | £253k |
| 31/12/2024 | £701k | £144k |
| 31/12/2023 | £215k | £90k |
Common questions
Is MIVA FOUNDATION financially healthy?
The accounts state that the charity's unrestricted funds increased to £124,888 by the end of the period, following net incoming resources of £124,888. The trustees confirm there are no material uncertainties regarding the charity's ability to continue as a going concern. Reserves are held only to cover grants promised in the next three months, with no policy for retaining significant reserves. Its FY2023 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| JEREMY COLLER FOUNDATION | 1 | £230k |