M.G.S. TRUST
Financial health, per its FY2022 accounts
The accounts state that total funds decreased by £3,275,419 to £27,767,148 due to net investment losses of £3,538,444, despite a net income from operations of £263,025. The trustees report no material uncertainties regarding going concern, citing an excess of investment value over annual bursary costs. All funds are classified as restricted, with a reserves policy targeting an amount equivalent to the anticipated grant payable during the next twelve months.
What the accounts disclose
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- NIGEL JOHN RICHENSchair
- Ashok Abraham Kallumpram
- Ian Thorpe
- James Herbert Tully
- Rowland Francis Warburton Flower
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £3.5m | £2.9m |
| 31/12/2023 | £2.8m | £2.8m |
| 31/12/2022 | £2.5m | £2.6m |
| 31/12/2021 | £1.8m | £2.4m |
| 31/12/2020 | £1.9m | £2.3m |
Common questions
Is M.G.S. TRUST financially healthy?
The accounts state that total funds decreased by £3,275,419 to £27,767,148 due to net investment losses of £3,538,444, despite a net income from operations of £263,025. The trustees report no material uncertainties regarding going concern, citing an excess of investment value over annual bursary costs. All funds are classified as restricted, with a reserves policy targeting an amount equivalent to the anticipated grant payable during the next twelve months. Its FY2022 accounts were audited by Clarke Nicklin LLP.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| ACHISOMOCH AID COMPANY LIMITED | 1 | £556k |
| B E PERL CHARITABLE TRUST | 1 | £50k |
| THE BENZI DUNNER SCHOOLS TRUST | 1 | £32k |
| RINA CHARITABLE TRUST | 1 | £26k |
| THE SALO BORDON CHARITABLE TRUST | 1 | £8k |
| JEG TRUST LIMITED | 1 | £7k |
| THE RISHY CHARITABLE TRUST | 1 | £5k |
| SABENO LIMITED | 1 | £4k |