Charity overview MYBNK
Activities - how the charity spends its money
MyBnk work with young people to build the knowledge, skills and confidence to manage their money effectively and make enterprising choices throughout their lives. All of our programmes develop young people's finance and enterprise capability through fun and interactive activities which put young people at their heart.
Income and expenditure
Data for financial year ending 31 August 2022
Total income:
£2,564,943
| Donations and legacies | £149.88k | |
| Charitable activities | £2.42m | |
| Other trading activities | £0 | |
| Investments | £0 | |
| Other | £0 |
Total expenditure:
£2,338,418
| Raising funds | £243.19k | |
| Charitable activities | £2.10m | |
| Other | £0 |
£0 investments gains (losses)
Total income includes £45,000 from 2 government contract(s)
Charitable expenditure
Charitable expenditure with investment gains
Charitable expenditure
Some charities generate all, or a substantial part, of their income from investments which may have been donated to the charity as endowment or set aside by the charity from its own resources in the past. Such investments usually take the form of stocks and shares but may include other assets, such as property, that are capable of generating income and/or capital growth.
In managing their spending and investments charities need to strike a balance between the needs of future and current beneficiaries. They also need to take account of spending commitments that may stretch over a number of future years. To do this, charities will normally adopt an investment strategy designed to generate both income and capital growth. To maximise returns trustees may commit to investment strategies for several years.
Investments can experience large swings in value so trustees may, in a particular year, decide to realise and spend part of their charity’s capital or to invest part of its income.
By clicking the investment gains checkbox the charitable spending bar is adjusted to take account of capital growth as well as income. This shows the balance the charity is striking, between spending on current beneficiaries and retaining resources for future beneficiaries.
| Income generation and governance | £243.19k | |
| Charitable expenditure | £2.10m | |
| Retained for future use | £226.53k |
People
42 Employee(s)
10 Trustee(s)
250 Volunteer(s)
Employees with total benefits over £60,000
| Number of employees | |
|---|---|
| £60k to £70k | 3 |
| £70k to £80k | 1 |