THE MERCHANT VENTURERS CHARITY
Financial health, per its FY2024 accounts
The accounts state that unrestricted reserves were £6,277,256 at year-end, which is in surplus compared to the stated policy target of six months' unrestricted expenditure (£213,255). The charity reported a net decrease in funds of £54,183 for the year, driven by charitable expenditure exceeding incoming resources, though it maintains significant cash reserves to meet liabilities.
What the accounts disclose
“The charity incurred a reallocation of salary costs of £13,354 (2023: £12,432) from the Society of Merchant Venturers, to cover the services it provides in relation to the management and administration of the charity, of which £nil was outstanding at the year-end (2023: £nil). The charity’s Trustee is also the Trustee of MVCIP.” — page 31
“Seven members of the Society of Merchant Venturers are also Directors of Clifton Down Charitable Trust Limited. For details of donations paid to Clifton Down Charitable Trust Limited see note 2.”
“The charity incurred a reallocation of salary costs of £13,354 (2023: £12,432) from the Society of Merchant Venturers, to cover the services it provides in relation to the management and administration of the charity, of which £nil was outstanding at the year-end (2023: £nil). The charity’s Trustee is also the Trustee of MVCIP.” — page 31
“Seven members of the Society of Merchant Venturers are also Directors of Clifton Down Charitable Trust Limited. For details of donations paid to Clifton Down Charitable Trust Limited see note 2.”
Structured financials (annual return, FY ending 31/12/2022)
Register events
- Received assets from another charity (17/10/2022)
Trustees
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £447k | £506k |
| 31/12/2023 | £441k | £447k |
| 31/12/2022 | £527k | £452k |
| 31/12/2021 | £407k | £365k |
| 31/12/2020 | £391k | £657k |
Common questions
Is THE MERCHANT VENTURERS CHARITY financially healthy?
The accounts state that unrestricted reserves were £6,277,256 at year-end, which is in surplus compared to the stated policy target of six months' unrestricted expenditure (£213,255). The charity reported a net decrease in funds of £54,183 for the year, driven by charitable expenditure exceeding incoming resources, though it maintains significant cash reserves to meet liabilities. Its FY2024 accounts were audited by Bishop Fleming LLP.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE NORTH WALES POLICE AND COMMUNITY TRUST | 1 | £250 |