THE MORGAN CHARITABLE FOUNDATION
Financial health, per its FY2022 accounts
The accounts state that unrestricted reserves stood at £5,677,488, which is below the trustees' stated policy target of covering at least three months of management administration and support costs. The charity reported a net loss of £689,342 for the year, primarily driven by investment losses, though it maintains sufficient funds to maintain current charitable distributions.
What the accounts disclose
“The trustees' policy is to operate on the basis of being able to continue to generate sufficient incoming resources to maintain reserves at a level sufficient: (1) to cover at least three months of management administration and support costs” — page 5
Trustees
- LESLIE MORGANchair
- CARMEN GLEEN
- MOLLY FELICE TIROCHE
- NELLY LEVENE
- RONNIE ALBERT MORGAN
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £140k | £133k |
| 31/12/2023 | £135k | £137k |
| 31/12/2022 | £137k | £124k |
| 31/12/2021 | £137k | £120k |
| 31/12/2020 | £127k | £115k |
Common questions
Is THE MORGAN CHARITABLE FOUNDATION financially healthy?
The accounts state that unrestricted reserves stood at £5,677,488, which is below the trustees' stated policy target of covering at least three months of management administration and support costs. The charity reported a net loss of £689,342 for the year, primarily driven by investment losses, though it maintains sufficient funds to maintain current charitable distributions. Its FY2022 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE MASTER CHARITABLE TRUST | 1 | £323k |
| THE BURDETT TRUST FOR NURSING | 1 | £300k |
| JUVENILE DIABETES RESEARCH FOUNDATION LIMITED | 1 | £245k |
| THE BORROWS CHARITABLE TRUST | 1 | £10k |