CANOPI FOUNDATION
Financial health, per its FY2024 accounts
The accounts state that the Group recorded a net expenditure of £10,885,245, largely driven by an £8,736,600 impairment of property, resulting in a decrease in unrestricted reserves from £28,993,790 to £18,108,545. Per the trustees' report, reserves remain significantly above the stated policy target of £500,000, with cash and liquid assets totaling £11,382,923. The Trustees confirm adequate resources for going concern, noting that the decrease in reserves was due to the purchase of a new building.
What the accounts disclose
“The Trustees approved a Reserves Policy in 2012 and agreed to aim to maintain consolidated free reserves of £500,000 in cash or assets that are easily converted into cash.” — page 5
Leadership, per the charity’s website
- Russell Thompson — Chair
- Marc Greene — Chief Executive
- Fiona Edwards — Director
- Maria Maros — Director
- Chris Hazell — Director
Structured financials (annual return, FY ending 31/03/2025)
Trustees
- Russell Holmes Thompsonchair
- Dayna Ferdinandi
- Jyotsna Jagmohan Chandrani
- Pete MacIntyre
- Reem Al Rasheed
- Soumya Brata Guha
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £2.8m | £2.7m |
| 31/03/2024 | £2.9m | £4.9m |
| 31/03/2023 | £2.5m | £3.3m |
| 31/03/2022 | £3.1m | £2.8m |
| 31/03/2021 | £3.5m | £3.4m |
Common questions
Is CANOPI FOUNDATION financially healthy?
The accounts state that the Group recorded a net expenditure of £10,885,245, largely driven by an £8,736,600 impairment of property, resulting in a decrease in unrestricted reserves from £28,993,790 to £18,108,545. Per the trustees' report, reserves remain significantly above the stated policy target of £500,000, with cash and liquid assets totaling £11,382,923. The Trustees confirm adequate resources for going concern, noting that the decrease in reserves was due to the purchase of a new building. Its FY2024 accounts were audited by BK Plus Audit Limited.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| JOFFE CHARITABLE TRUST CIO | 1 | £95k |
| THE SIR BERNARD & LADY SCHREIER FOUNDATION | 1 | £4k |
| THE CHRISTOPHER AND HENRY OLDFIELD TRUST | 1 | £0 |