G M MORRISON CHARITABLE TRUST
Financial health, per its FY2024 accounts
The accounts state that unrestricted funds increased to £15,712,639 from £15,327,445 in the prior year, supported by a net income of £398,469. The trustees maintain a reserve policy sufficient to cover one year's projected expenditure, and the independent auditor confirmed there are no material uncertainties regarding the charity's ability to continue as a going concern.
What the accounts disclose
“A reserve is maintained sufficient to cover one year's projected expenditure and to cater for fluctuations in annual income.”
Trustees
- ELIZABETH MORRISON
- Felicity Annette Rice
- JANE ANN HUNT
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 05/04/2025 | £384k | £426k |
| 05/04/2024 | £380k | £393k |
| 05/04/2023 | £352k | £411k |
| 05/04/2022 | £289k | £386k |
| 05/04/2021 | £234k | £373k |
Common questions
Is G M MORRISON CHARITABLE TRUST financially healthy?
The accounts state that unrestricted funds increased to £15,712,639 from £15,327,445 in the prior year, supported by a net income of £398,469. The trustees maintain a reserve policy sufficient to cover one year's projected expenditure, and the independent auditor confirmed there are no material uncertainties regarding the charity's ability to continue as a going concern. Its FY2024 accounts were audited by Xeinadin Audit Limited.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE ROZAC CHARITABLE TRUST | 1 | £9k |
| H P CHARITABLE TRUST | 1 | £1k |