Charity Accounts Intelreading the accounts so you don’t have to

RIVERSIDE FOUNDATION

Registered charity 513727 · accounts filings on the Charity Commission register · also known as M I H CHARITABLE TRUST, RIVERSIDE HOUSING ASSOCIATION CHARITABLE TRUST, THE M I H CHARITABLE TRUST

Promotes any charitable purposes within and around England, Wales and Scotland with emphasis on such parts of the areas where the charity The Riverside Group Ltd has provided housing accommodation.

Causes: General Charitable Purposes · Education/training · The Advancement Of Health Or Saving Of Lives · The Prevention Or Relief Of Poverty · Amateur Sport · Environment/conservation/heritage · Grant history (this charity is a funder) · website · Get email alerts

Latest income
£2.0m
Latest spending
£3.3m
Registered
1983
Accounts read
FY2025

Financial health, per its FY2025 accounts

The accounts state that the charity made a loss of £1,221,841 for the year ended 31 March 2025, compared to a surplus in the prior year. Total funds decreased to £1,714,755, with unrestricted reserves of £767,794 remaining well above the stated policy target of £25,000. The trustees confirm the charity has adequate resources to continue as a going concern.

Automated summary of the FY2025 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Reserves policy: £25,000 (held: £768k)
“The reserve policy states that The Riverside Foundation will always keep a reserve of £25,000 to cover shut down costs.” — page 9
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Donations from parent company
“During the year the Charity received £1,859,500 (2024: £3,250,000) in donations from TRGL with no conditions attached.” — page 30
“During the year the Charity paid £2,425,488 (2024: £2,344,676) in grants to TRGL, in line with the charitable objectives.” — page 30
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Grants to parent company
“During the year the Charity received £1,859,500 (2024: £3,250,000) in donations from TRGL with no conditions attached.” — page 30
“During the year the Charity paid £2,425,488 (2024: £2,344,676) in grants to TRGL, in line with the charitable objectives.” — page 30
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Donated services (staff recharges)
“During the year the Charity received £1,859,500 (2024: £3,250,000) in donations from TRGL with no conditions attached.” — page 30
“During the year the Charity paid £2,425,488 (2024: £2,344,676) in grants to TRGL, in line with the charitable objectives.” — page 30
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Donated audit services
“During the year the Charity received £1,859,500 (2024: £3,250,000) in donations from TRGL with no conditions attached.” — page 30
“During the year the Charity paid £2,425,488 (2024: £2,344,676) in grants to TRGL, in line with the charitable objectives.” — page 30
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Balance due to related party
“During the year the Charity received £1,859,500 (2024: £3,250,000) in donations from TRGL with no conditions attached.” — page 30
“During the year the Charity paid £2,425,488 (2024: £2,344,676) in grants to TRGL, in line with the charitable objectives.” — page 30
Per its FY2025 accounts as filed with the Charity Commission.

Accounts audited by BDO LLP. Discloses 5 of 6 completeness components.

Structured financials (annual return, FY ending 31/03/2025)

Total income
£2.0m
Total spending
£3.3m
Reserves (reported)
£1.7m
Employees
0

Reported reserves equal ~6.3 months of spending — above the median for charities its size (median 4.8 months; benchmarks).

Per its annual return, largest income source: Donations and legacies (97% of income) — components as reported reconcile to the return’s total income; not from the accounts narrative.

Per its annual return, cost of raising funds: 0.0% of total income — below the median for charities its size (5.2%) (benchmarks).

Trustees · trustee networks

Trustee list from the Charity Commission register (current, not historical).

Operates in: Scotland · Throughout England And Wales

Income and spending

Financial year endIncomeSpending
31/03/2025£2.0m£3.3m
31/03/2024£3.4m£2.7m
31/03/2023£3.3m£1.5m
31/03/2022£87k£22k
31/03/2021£95k£46k

Common questions

Is RIVERSIDE FOUNDATION financially healthy?

Per its FY2025 accounts: The accounts state that the charity made a loss of £1,221,841 for the year ended 31 March 2025, compared to a surplus in the prior year. Total funds decreased to £1,714,755, with unrestricted reserves of £767,794 remaining well above the stated policy target of £25,000. The trustees confirm the charity has adequate resources to continue as a going concern. Its FY2025 accounts were audited by BDO LLP.

Who funds RIVERSIDE FOUNDATION?

Funders whose own accounts filings name RIVERSIDE FOUNDATION as a grant recipient include THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST AND ST JOHN WITH ST LUKE, ISLE OF DOGS.

Known funders

Grants to this charity found in funders’ own accounts filings.

FunderYearAmountPurpose (as stated by the funder)
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST AND ST JOHN WITH ST LUKE, ISLE OF DOGSFY2024£5kGrants

Funders of similar charities

Funders whose accounts show grants to charities similar to this one (and no recorded grant to this charity) — a starting list for fundraisers.

FunderSimilar charities fundedAmount to them
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF EPSOM1—
THE SIR JAMES RECKITT CHARITY1£27k
HYDE PARK PLACE ESTATE CHARITY1£18k
STRAND PARISHES TRUST1£15k
THE CHRISTOPHER AND HENRY OLDFIELD TRUST1£14k
THE HULL AND EAST RIDING CHARITABLE TRUST1£5k
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SHERBORNE WITH CASTLETON1£5k
CEO SLEEPOUT1£4k

Charities like this

Semantically similar by activities and financial character, from our analysed corpus. Compare with RIVERS FOUNDATION.

Side by side with its peers

CharityIncomeTop pay bandStaff >£60kReserves vs policyFundraising costGoing concern
RIVERSIDE FOUNDATION£2.0m—0above—no doubt
RIVERS FOUNDATION FY2025£338k—0unclear—no doubt
RIVERSIDE FOUNDATION LIMITED FY2025£143k—0unclear—no doubt
RIVERSIDE CHURCH FY2024£547k—0above—no doubt
RIVERSIDE CHURCH TRUST FY2025£819k—0unclear—no doubt
RIVERSIDE COUNSELLING SERVICE FY2025£284k—0unclear—no doubt

Each row is that charity’s latest analysed filing; every value is quote-backed on its own page.