MICHAELHOUSE UK TRUST
Provision of bursaries for school fees to children in need to enable them to attend Michaelhouse.
Financial health, per its FY2024 accounts
The accounts state that the Trust reported a surplus of £41,939 for the year ended 31 December 2024, with net assets at historical cost totaling £785,034. The Trust continues to fund bursaries for pupils at Michaelhouse School in South Africa, having paid £29,178 during the year. Additionally, the Trust has committed to future bursary payments between £25,000 and £30,000 for 2025, intended to be funded from investment income.
What the accounts disclose
Trustees
- James Spence Sealy Smythchair
- CHARLES DENTON MULINDER
- Christopher Thomas Lamb
- Graham Rivers-Moore
- RYAN MAREE
- SCOTT WADESON
- Sean Craig Lumley
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £79k | £37k |
| 31/12/2023 | £35k | £23k |
| 31/12/2022 | £108k | £32k |
| 31/12/2021 | £42k | £26k |
| 31/12/2020 | £47k | £53k |
Common questions
Is MICHAELHOUSE UK TRUST financially healthy?
Per its FY2024 accounts: The accounts state that the Trust reported a surplus of £41,939 for the year ended 31 December 2024, with net assets at historical cost totaling £785,034. The Trust continues to fund bursaries for pupils at Michaelhouse School in South Africa, having paid £29,178 during the year. Additionally, the Trust has committed to future bursary payments between £25,000 and £30,000 for 2025, intended to be funded from investment income. Its FY2024 accounts were independently examined.