Mustardseed Trust
Latest income
£477k
Latest spending
£4.6m
Accounts read
FY2024
Form
Trust (founding document is a deed of trust) (other than educational endowment)
Financial health, per FY2024 accounts
The accounts state that unrestricted reserves stood at $9,150,294 at year-end, a decrease from $15,004,149 in the prior year, driven by accelerated grant disbursements of $4,369,725 and total expenditure of $6,257,485. The trustees report that the charity is in a programmatic winding-down phase with core activities ceasing in June 2025, though it anticipates remaining in existence for several years to fully divest assets. The auditor confirmed that the going concern basis is appropriate and identified no material uncertainties regarding the charity's ability to continue.
What the accounts disclose
Highest-paid employee band: £81,601 - £90,000
“No employee received remuneration amounting to more than $81,600 in either year.” — page 26
Per FY2024 accounts as filed with OSCR.
Related-party transaction: Grant to related party
“In addition to transactions with Trustees, detailed at note 10, the charity made grant payments of $2,031,000 to Uganda Rural Development and Training programme in the year, an entity with common board members.” — page 30
Per FY2024 accounts as filed with OSCR.
Employees paid over £60,000: 0
Per FY2024 accounts as filed with OSCR.
Independent examiner: Anderson Anderson & Brown Audit LLP
Per FY2024 accounts as filed with OSCR.