MIRUS - WALES
Financial health, per its FY2025 accounts
The accounts state that the charity reported a net unrestricted deficit of £6,446 for the year, with cumulative unrestricted funds decreasing to £4,898,796. The trustees highlight significant financial challenges arising from the mismatch between rising employment costs, such as the Real Living Wage and National Insurance, and funding from commissioning bodies. Despite these pressures, the independent auditors confirmed that the use of the going concern basis of accounting is appropriate with no material uncertainties identified.
What the accounts disclose
Structured financials (annual return, FY ending 31/03/2025)
Trustees
- Benjamin Rhys Price
- Deborah Bainbridge
- Jade Tammy Jones
- Laurence Brown
- Paola Alice Spiteri
- Ronald Charles Zammit
- Zoe Powell
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £28.1m | £28.5m |
| 31/03/2024 | £26.4m | £26.4m |
| 31/03/2023 | £25.4m | £25.4m |
| 31/03/2022 | £22.2m | £22.1m |
| 31/03/2021 | £19.5m | £19.4m |
Common questions
Is MIRUS - WALES financially healthy?
The accounts state that the charity reported a net unrestricted deficit of £6,446 for the year, with cumulative unrestricted funds decreasing to £4,898,796. The trustees highlight significant financial challenges arising from the mismatch between rising employment costs, such as the Real Living Wage and National Insurance, and funding from commissioning bodies. Despite these pressures, the independent auditors confirmed that the use of the going concern basis of accounting is appropriate with no material uncertainties identified. Its FY2025 accounts were audited by Menzies LLP Cardiff.