MITCHELL CITY OF LONDON CHARITY
To offer pensions to those of state pension age, there may be exceptions slightly below that age, who have lived or worked within the City of London for a minimum of 5 years. To offer grants to charities in the City of London, or with a connection to the City of London. The 'City' is the 'square mile', almost all EC3, EC4, small area of EC1, EC2 - not Greater London.
Financial health, per its FY2025 accounts
The accounts state that the charity reported a net movement in funds of a loss of £169,082 for the year ended 31 March 2025, primarily due to unrealised investment losses. However, the total unrestricted reserves remain substantial at £3,333,102, which the trustees consider an appropriate level to maintain the investment portfolio. The independent examiner confirmed that no matters came to their attention requiring further understanding of the accounts.
What the accounts disclose
“Investment Income amounted to £93,749 (2024: £91,847), additional interest income totalled £2,492 (2024: £2,477).” — page 4
“The level of reserves should be sufficient to support investment in approved securities and the investments should produce income adequate to cover the committed direct charitable expenditure and management and administration of the Charity.” — page 5
“The Charity transferred income of £75,283 (2024: £63,613) to the Educational Foundation during the year. Every year investment income from the Charity is used to resource the Educational Foundation.” — page 11
Trustees
- Abimbola Jubril Anthony
- Christopher Rossi
- Dan Rogers
- Dr Sarah Ann Filson
- Elizabeth Anne King
- Emma Martin
- GAVIN DOUGLAS LEWIS RALSTON
- Helen Mulcahy
- IAN CHRISTOPHER NORMAN Seaton MBE
- Lauren Roberts
- Marcus Huntley
- Marianne Bernadette Fredericks
- PAMELA BEEVERS BA, MA
- Susan Jane Pearson
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £96k | £105k |
| 31/03/2024 | £94k | £93k |
| 31/03/2023 | £92k | £65k |
| 31/03/2022 | £90k | £128k |
| 31/03/2021 | £88k | £67k |
Common questions
Is MITCHELL CITY OF LONDON CHARITY financially healthy?
Per its FY2025 accounts: The accounts state that the charity reported a net movement in funds of a loss of £169,082 for the year ended 31 March 2025, primarily due to unrealised investment losses. However, the total unrestricted reserves remain substantial at £3,333,102, which the trustees consider an appropriate level to maintain the investment portfolio. The independent examiner confirmed that no matters came to their attention requiring further understanding of the accounts. Its FY2025 accounts were independently examined.