MAN GROUP PLC CHARITABLE TRUST
The Trust is a philanthropic Trust funded by Man Group plc which makes grants to organisations supporting literacy, numeracy and education, with a focus on London.
Financial health, per its FY2023 accounts
The accounts state that total unrestricted reserves stood at £1,562,563, a decrease from £2,415,624 in the prior year, resulting in a net loss of £853,061. The Trustees consider that the level of free reserves meets the Trust’s reserves policy and are adequate to sustain future donations. The Trust's long-term sustainability is noted to be dependent on the funding provided by Man Group plc.
What the accounts disclose
“The Trustees seek to optimise the amount of charitable donations and forward commitments paid during the year. The Trust’s ultimate aim is to ensure reserves remain positive and therefore the Trustees ensure they take a prudent approach when approving charitable donations and forward commitments. Charitable donations and forward commitments are only approved to the extent they are covered by existing levels of reserves.” — page 6
Structured financials (annual return, FY ending 31/12/2021)
Trustees
- Steven Desmyterchair
- Abby King
- Amanda Cowles
- Christopher Pyper
- David Bonsall
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £334k | £986k |
| 31/12/2023 | £113k | £966k |
| 31/12/2022 | £380k | £886k |
| 31/12/2021 | £3.1m | £743k |
| 31/12/2020 | £601k | £555k |
Common questions
Is MAN GROUP PLC CHARITABLE TRUST financially healthy?
Per its FY2023 accounts: The accounts state that total unrestricted reserves stood at £1,562,563, a decrease from £2,415,624 in the prior year, resulting in a net loss of £853,061. The Trustees consider that the level of free reserves meets the Trust’s reserves policy and are adequate to sustain future donations. The Trust's long-term sustainability is noted to be dependent on the funding provided by Man Group plc. Its FY2023 accounts were audited by Deloitte LLP.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| King Charles III Charitable Fund | 1 | £1.1m |
| KIDASHA | 1 | £239k |
Charities like this
- THE MANCHESTER GUARDIAN SOCIETY CHARITABLE TRUST
- MANCHESTER CHARITABLE TRUST LTD
- A G MANLY CHARITABLE TRUST
- MANAN TRUST
- THE TRESANTON TRUST
- SOUTHOVER MANOR GENERAL EDUCATIONAL TRUST LIMITED
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| MAN GROUP PLC CHARITABLE TRUST | £334k | — | 0 | above | — | no doubt |
| THE MANCHESTER GUARDIAN SOCIETY CHARITABLE TRUST | £142k | — | 0 | unclear | — | no doubt |
| MANCHESTER CHARITABLE TRUST LTD | £154k | — | 0 | above | — | no doubt |
| A G MANLY CHARITABLE TRUST | £124k | — | 0 | unclear | — | no doubt |
| MANAN TRUST | £2.7m | — | 0 | above | — | no doubt |
| THE TRESANTON TRUST | £470k | — | 0 | below | — | no doubt |