MEDACCESS TRUST
Financial health, per its FY2024 accounts
The accounts state that the Trust held unrestricted reserves of $49,634 at the end of the financial year, an increase from the previous year. The Trustees consider this amount to be in accordance with their reserves policy, which targets a minimum of three months' operating costs. The auditors confirmed that the use of the going concern basis of accounting is appropriate with no material uncertainties identified.
What the accounts disclose
“Having regard to these risks, the Trustees considered that a minimum of three (3) months’ operating costs should be retained by the Trust in its current accounts with HSBC UK Bank plc.” — page 7
Funders the charity credits
- British International Investment
- UK Foreign, Commonwealth & Development Office
- Gates Foundation
- European Investment Bank
- Wellcome
- Coefficient Giving
Structured financials (annual return, FY ending 31/12/2023)
Trustees
- NIGEL JOHN KEENchair
- James Mark Droop McPherson
- Jane Louise Edmondson OBE
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £162k | £133k |
| 31/12/2023 | £1.2m | £1.2m |
Common questions
Is MEDACCESS TRUST financially healthy?
The accounts state that the Trust held unrestricted reserves of $49,634 at the end of the financial year, an increase from the previous year. The Trustees consider this amount to be in accordance with their reserves policy, which targets a minimum of three months' operating costs. The auditors confirmed that the use of the going concern basis of accounting is appropriate with no material uncertainties identified. Its FY2024 accounts were audited by Deloitte LLP.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| POWER TO CHANGE TRUST | 1 | £400k |
| THE FEDERATION OF GROUNDWORK TRUSTS | 1 | £134k |
| UNSEEN (UK) | 1 | £20k |
| CANTIACORUM FOUNDATION | 1 | £1k |