THE FOYLE FOUNDATION
Latest income
£405k
Latest spending
£6.9m
Registered
2000
Accounts read
FY2025
Financial health, per its FY2025 accounts
The accounts state that the charity is winding down its operations and has been prepared on a basis other than going concern. Per the trustees' report, unrestricted reserves decreased significantly to £612,913 as planned expenditure exceeded income during the wind-down period.
What the accounts disclose
Reserves policy: retain in unrestricted funds, amounts which in their judgement, can help to mitigate the short term effects of income volatility and to retain funds to generate sufficient income to meet current and future operational activities of the charity (held: £613k)
“It is the policy of the Trustees to retain in unrestricted funds, amounts which in their judgement, can help to mitigate the short term effects of income volatility and to retain funds to generate sufficient income to meet current and future operational activities of the charity.” — page 18
Per its FY2025 accounts as filed with the Charity Commission.
Going concern: noted by the trustees or auditor
“We draw attention to note 1.c in the financial statements which explains that the Trustees intend to wind down the charity and therefore do not consider it to be appropriate to adopt the going concern basis of accounting in preparing the financial statements.” — page 10
Per its FY2025 accounts as filed with the Charity Commission.
Structured financials (annual return, FY ending 31/12/2024)
Total income
£1.2m
Total spending
£20.5m
Cost of raising funds
£91k
Reserves (reported)
£7.2m
Employees
7
Trustees
- MICHAEL GORDON SMITHchair
- JAMES ROBERT DOMINIC KORNER
- Kathryn Jane Ellison
- ROY DOUGLAS AMLOT QC
- SIR PETER ROYSON DUFFELL
- Vikki Heywood
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2025 | £405k | £6.9m |
| 31/12/2024 | £1.2m | £20.5m |
| 31/12/2023 | £1.4m | £21.2m |
| 31/12/2022 | £1.3m | £11.7m |
| 31/12/2021 | £1.5m | £9.1m |
Common questions
Is THE FOYLE FOUNDATION financially healthy?
The accounts state that the charity is winding down its operations and has been prepared on a basis other than going concern. Per the trustees' report, unrestricted reserves decreased significantly to £612,913 as planned expenditure exceeded income during the wind-down period. Its FY2025 accounts were audited by Forvis Mazars LLP.