M&g Multi-Asset Fund For Charities
The M&g Almshouse Multi-Asset Fund For Charities, The M&g Multi-Asset Fund For Charities
- Country
- England & Wales
- Charity number
- 1184314
- Status
- Registered
- Registered
- July 8, 2019
- Legal form
- Trust
Address
- Address
- M&G SECURITIES LIMITED
10 Fenchurch Avenue
LONDON
EC3M 5AG
Contact
- Phone
- 02034805649
- [email protected]
- Website
mandg.co.uk/charities
Activities
The fund has two aims; To provide a higher total return (the combination of capital growth and income), net of the ongoing charge figure, than that of a composite index over any five-year period and to provide an annual yield of at least 3%. The fund invests in collective investment schemes, typically funds managed by M&G, to gain exposure to a diversified range of asset classes including
Objects: 9.1 Subject To Clause 9.2, The Trust's Charitable Objective Will Be To Further The Charitable Purposes Of The Charities That Directly Or Indirectly Hold Units In The Trust From Time To Time.9.2 If At Any Time There Are No Unitholders In The Trust, The Manager And Trustee Will Determine The Trust's Charitable Purposes.9.3 No Change May Be Made To This Deed Which Would Cause The Trust Constituted By This Deed To Cease To Be A Charity And In Particular Any Such Change Will Not Authorise Units To Be Issued Or Transferred To Or Held By Any Person Other Than An Eligible Investor, Whether Directly Or Via A Nominee. 9.4 No Revocation, Variation Or Amendment Of This Deed Which Would Or Might Be Inconsistent With The Trust's Status As A Common Investment Fund Established Pursuant To Sections 96 To 99 Of The Charities Act Shall Be Valid Without The Prior Written Approval Of The Court Or Of The Commission.
Classification
- How
- Provides Other Finance
- What
- Other Charitable Purposes
- Who
- Other Charities Or Voluntary Bodies
Areas of operation
- Country
- Northern Ireland, Scotland
- Region
- Throughout England And Wales
Finances
| Period end | Income | Expenditure | Assets |
|---|---|---|---|
| Nov. 1, 2024 | £9,412,000 | £9,642,000 | £216,353,000 |
| Nov. 1, 2023 | £8,701,000 | £8,830,000 | £184,962,000 |
| Nov. 1, 2022 | £8,144,000 | £8,506,000 | £192,166,000 |
| Nov. 1, 2021 | £7,182,000 | £7,186,000 | £199,328,000 |
| Nov. 1, 2020 | £7,449,000 | £7,443,000 | £163,200,000 |
Trustees
| Name | Appointed |
|---|---|
| M&G Securities Limited | Sept. 24, 2018 |
| Natwest Trustee And Depositary Services Limited | Sept. 24, 2018 |