Finance Score: -2

Governance Score: -3

Support Score: 0

Deficit latest year: -2

Static board: -3

No supporters identified

Overall GiG Score: -5

M&G CHARIBOND CHARITIES FIXED INTEREST FUND

Charibond provides a managed investment for the fixed interest portion of charities' investment portfolios. The Fund provides charities with an actively managed portfolio of gilt-edged and other fixed interest stocks and deposits designed to produce a high income while preserving capital value.

Analysis by Giving is Great

Positives:

This charity has an endowment fund which generates all of its income

Regulatory & Governance issues to consider:

This charity only provides its support via other charities
The Board composition appears to be rather static

Financial issues to consider:

Income was significantly lower than spending in the latest year

Financial Data ?

Income & Spending ?

Sources of Income ?

Y/E	Income £k	Spending £k	Surplus/ Deficit	Fundraising Cost £k	Total Funds £k	Unrestricted Funds £k	Mths Rsrvs
31/10/22	£1,351	£2,312	£-961	£0	£91,108	£0	n/a
31/10/21	£1,145	£2,574	£-1,429	£0	£108,702	£0	n/a
31/10/20	£1,262	£1,910	£-648	£1,598	£108,986	£0	n/a

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Financial Ratios

Fundraising Costs/Relevant Income: 0%
Fundraising Costs/Total Spending: 0%
Highest pay band: Less than £60,000
Liabilities/Assets: 1%
Liabilities/Income: 79%
Unrestricted Funds/Total Funds: 0%
Reserves/Spending: 0 months
Net Current Assets/Spending: 3 months
Quick Ratio: 0.1

Asset Split ?

Established: 5 years

Website maintained by the Manager https://www

info@mandg.co.uk

02034805649

Charity Commission for England and Wales

Listed activities

Other Charitable Purposes

GiG Classification

Financial and insurance services

How it operates

Provides other finance

Where it operates

Northern Ireland, Scotland, Throughout England And Wales,

Who it helps

Other Charities Or Voluntary Bodies

Who's supporting them? ?

We have no records of donations from grant makers.

How is it governed?

Trustees (8)

Current Trustees appointed

M&G SECURITIES LIMITED Appointed: 2018, Other trusteeships: THE NATIONAL ASSOCIATION OF ALMSHOUSES COMMON INVESTMENT FUND, THE EQUITIES INVESTMENT FUND FOR CHARITIES (CHARIFUND), THE CHARIBOND CHARITIES FIXED INTEREST COMMON INVESTMENT FUND, M&G MULTI-ASSET FUND FOR CHARITIES,

NATWEST TRUSTEE AND DEPOSITARY SERVICES LIMITED Appointed: 2018, Other trusteeships: M&G MULTI-ASSET FUND FOR CHARITIES, BARINGS TARGETED RETURN FUND,

SHANE CHICHESTER (Chair) Appointed: 2019

ALAN FRANCIS GIBBS MA Appointed: 2019, Other trusteeship: THE EQUITIES INVESTMENT FUND FOR CHARITIES (CHARIFUND),

BIRGITTA SUSANNA BOSTROM Appointed: 2019, Other trusteeships: THE EQUITIES INVESTMENT FUND FOR CHARITIES (CHARIFUND), THE CHARIBOND CHARITIES FIXED INTEREST COMMON INVESTMENT FUND,

GEORGE ANDREW PRESCOTT Appointed: 2019, Other trusteeship: THE EQUITIES INVESTMENT FUND FOR CHARITIES (CHARIFUND),

NICHOLAS CHARLES TALBOT RICE Appointed: 2019, Other trusteeships: THE EQUITIES INVESTMENT FUND FOR CHARITIES (CHARIFUND), THE CHARIBOND CHARITIES FIXED INTEREST COMMON INVESTMENT FUND, M&G MULTI-ASSET FUND FOR CHARITIES,

SIMON MARK CORBETT Appointed: 2019, Other trusteeships: VERNON'S CHARITY, THE EQUITIES INVESTMENT FUND FOR CHARITIES (CHARIFUND), CHURCH ESTATE,

Legal constitution

Charity registered in England & Wales on 08/07/2019, number: 1184315

Gift Aid

NOT registered with HMRC for Gift Aid

Policies in force

Complaints handling
Conflicting interests
Investment
Risk management

Filing Record

3 returns made; all on time

Main office

M&G SECURITIES LIMITED
10 Fenchurch Avenue
LONDON
EC3M 5AG

Objectives

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.

Data Sources