MIRUS - WALES

Registered charity 517149 · accounts filings on the Charity Commission register · also known as OHT, OPPORTUNITY HOUSING TRUST, OPPORTUNITY HOUSING TRUST LIMITED

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Latest income
£28.1m
Latest spending
£28.5m
Registered
1986
Accounts read
FY2025

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

Accounts audited by Menzies LLP Cardiff. Discloses 3 of 6 completeness components.

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

Total income
£28.1m
Total spending
£28.5m
Reserves (reported)
£4.9m
Employees
803

Reported reserves equal ~2.1 months of spending — below the median for charities its size (median 4.6 months; benchmarks).

Trustees

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

Operates in: Throughout Wales

Income and spending

Financial year endIncomeSpending
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.