MAN GROUP PLC CHARITABLE TRUST
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?
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 |