THE CADBURY FOUNDATION
Financial health, per its FY2024 accounts
The accounts state that the charity maintains a net current asset position with positive projected cashflows, ensuring liquidity throughout the going concern period. However, the charity is heavily dependent on annual donations from its parent company, with no legally enforceable right to receive these funds, creating a significant financial sustainability risk if support were withdrawn. The trustees confirm that the parent company has budgeted to continue support through 2025, mitigating immediate solvency concerns.
What the accounts disclose
“It is the policy of the Foundation to maintain the solvency of the Foundation. All expenses are allocated upon receipt of the annual donation from the company and are reviewed on an annual basis.” — page 5
“Governance costs include costs of seconded staff of £39,854 (2023: £32,545) and fees for audit services of £20,000 (2023: £20,000) which are met by the company as part of its Community Affairs Programme.” — page 22
“The Trustees did not receive any emoluments or expenses for their services as Trustees of the Charity during the year (2023: £Nil). Although the Trustees are employed by other Mondelez International Inc. group companies, no recharges were paid nor are payable for their services.” — page 19
“Governance costs include costs of seconded staff of £39,854 (2023: £32,545) and fees for audit services of £20,000 (2023: £20,000) which are met by the company as part of its Community Affairs Programme.” — page 22
“The Trustees did not receive any emoluments or expenses for their services as Trustees of the Charity during the year (2023: £Nil). Although the Trustees are employed by other Mondelez International Inc. group companies, no recharges were paid nor are payable for their services.” — page 19
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- Andrew Roache
- Christian Woolfenden
- Elise Burditt
- Eoin Kellett
- Tara McCabe
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £660k | £746k |
| 31/12/2023 | £657k | £844k |
| 31/12/2022 | £653k | £507k |
| 31/12/2021 | £649k | £534k |
| 31/12/2020 | £650k | £482k |
Common questions
Is THE CADBURY FOUNDATION financially healthy?
The accounts state that the charity maintains a net current asset position with positive projected cashflows, ensuring liquidity throughout the going concern period. However, the charity is heavily dependent on annual donations from its parent company, with no legally enforceable right to receive these funds, creating a significant financial sustainability risk if support were withdrawn. The trustees confirm that the parent company has budgeted to continue support through 2025, mitigating immediate solvency concerns. Its FY2024 accounts were audited by PricewaterhouseCoopers LLP.