M.G.S. TRUST

Registered charity 526564 · accounts filings on the Charity Commission register · also known as M G S TRUST, MANCHESTER GRAMMAR SCHOOL TRUST

The charity pays an annual bursary grant to the Manchester Grammar School leaving the school responsible for the allocation of the grant between those pupils deemed to qualify.

Causes: Education/training · Grant history (this charity is a funder) · Get email alerts

Latest income

£3.5m

Latest spending

£2.9m

Registered

1966

Accounts read

FY2024

Financial health, per its FY2024 accounts

The accounts state that total funds increased to £33,754,509, with all funds classified as restricted. The trustees report no material uncertainties regarding going concern, citing an excess of investment value over annual bursary costs. The charity has no employees and relies on investment income and donations to fund grants to The Manchester Grammar School.

Automated summary of the FY2024 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Largest income source: Donations and legacies (73% of income)

“Donations and legacies 2,747,490” — page 5

Per its FY2024 accounts as filed with the Charity Commission.

Reserves policy: an amount equivalent to the anticipated grant payable during the next twelve months (held: £33.8m)

“The Trustees have established a policy whereby an amount equivalent to the anticipated grant payable during the next twelve months is held in readily available form.” — page 6

Per its FY2024 accounts as filed with the Charity Commission.

Related-party transaction: Secretary honorarium and expenses

“There have been no related party transactions during the year, except for Secretary honorarium and expenses as disclosed.” — page 4

Per its FY2024 accounts as filed with the Charity Commission.

Accounts audited by Clarke Nicklin LLP. Discloses 4 of 6 completeness components.

Structured financials (annual return, FY ending 31/12/2024)

Total income

£3.8m

Total spending

£2.9m

Cost of raising funds

£194k

Reserves (reported)

£0

Employees

Reported reserves equal ~0.0 months of spending — in the bottom quarter for charities its size (median 4.8 months; benchmarks).

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

Trustees · trustee networks

NIGEL JOHN RICHENSchair
Ashok Abraham Kallumpram
Ian Thorpe
James Herbert Tully · trustee of 1 other charity
Rowland Francis Warburton Flower

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

Operates in: Manchester City

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?

Per its FY2024 accounts: The accounts state that total funds increased to £33,754,509, with all funds classified as restricted. The trustees report no material uncertainties regarding going concern, citing an excess of investment value over annual bursary costs. The charity has no employees and relies on investment income and donations to fund grants to The Manchester Grammar School. Its FY2024 accounts were audited by Clarke Nicklin LLP.

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.

Funder	Similar charities funded	Amount to them
THE PETER KERSHAW TRUST	2	£42k
THE MANCHESTER HIGH SCHOOL FOR GIRLS GENERAL CHARITABLE TRUST	1	£1.2m
THE PRESTON FAMILY CHARITABLE SETTLEMENT	1	£250k
THE JOHN SLATER FOUNDATION	1	£30k
BROOM FOUNDATION	1	£26k
HULME TRUST ESTATES (EDUCATIONAL)	1	£14k
MOLE CHARITABLE TRUST	1	£14k
THE BELLASIS TRUST	1	£10k

Charities like this

Semantically similar by activities and financial character, from our analysed corpus. Compare with THE MANCHESTER GRAMMAR SCHOOL FOUNDATION.

THE MANCHESTER GRAMMAR SCHOOL FOUNDATION income £32.4m
MANCHESTER HIGH SCHOOL FOR GIRLS income £13.5m
MANCHESTER JUNIOR GIRLS SCHOOL income £1.3m
MANCHESTER CHARITABLE TRUST LTD income £154k
MANCHESTER MESIVTA JEWISH GRAMMAR SCHOOL income £962k
EMANUEL SCHOOL GENERAL CHARITABLE TRUST income £868k

Side by side with its peers

Charity	Income	Top pay band	Staff >£60k	Reserves vs policy	Fundraising cost	Going concern
M.G.S. TRUST	£3.5m	—	0	unclear	—	no doubt
THE MANCHESTER GRAMMAR SCHOOL FOUNDATION FY2025	£32.4m	—	—	below	—	no doubt
MANCHESTER HIGH SCHOOL FOR GIRLS FY2025	£13.5m	—	—	unclear	—	no doubt
MANCHESTER JUNIOR GIRLS SCHOOL FY2025	£1.3m	—	0	unclear	—	noted
MANCHESTER CHARITABLE TRUST LTD FY2025	£154k	—	0	above	—	no doubt
MANCHESTER MESIVTA JEWISH GRAMMAR SCHOOL FY2025	£962k	—	0	below	—	noted

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