NEW GENERATION EUROPE FOUNDATION
Financial health, per its FY2023 accounts
The accounts state that the charity reported a net expenditure of £4,058,283 for the year, resulting in a negative unrestricted fund balance of £25,719. However, total net assets stood at £16,947,527, largely comprised of an expendable endowment fund of £16,921,808, which the trustees consider adequate to continue operations.
What the accounts disclose
Trustees
- Anastasia Khodorkovskaya
- Irina Nevzlin
- John Lough
- Maria Logan
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £115k | £4.2m |
| 31/12/2023 | £96k | £5.4m |
| 31/12/2022 | £0 | £2.4m |
| 31/12/2021 | £0 | £500k |
| 31/12/2020 | £0 | £576k |
Common questions
Is NEW GENERATION EUROPE FOUNDATION financially healthy?
The accounts state that the charity reported a net expenditure of £4,058,283 for the year, resulting in a negative unrestricted fund balance of £25,719. However, total net assets stood at £16,947,527, largely comprised of an expendable endowment fund of £16,921,808, which the trustees consider adequate to continue operations. Its FY2023 accounts were audited by Leaman Mattei.
Who funds NEW GENERATION EUROPE FOUNDATION?
Funders whose own accounts filings name NEW GENERATION EUROPE FOUNDATION as a grant recipient include KHODORKOVSKY FOUNDATION.
Known funders
| Funder | Year | Amount |
|---|---|---|
| KHODORKOVSKY FOUNDATION | FY2025 | £10.0m |
| KHODORKOVSKY FOUNDATION | FY2023 | £2.9m |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE YOUTH ENDOWMENT FUND CHARITABLE TRUST | 1 | £2.2m |
| IMPETUS - THE PRIVATE EQUITY FOUNDATION | 1 | £674k |
| THE GENERATIONAL FOUNDATION | 1 | £500k |
| KUSUMA TRUST UK | 1 | £77k |
| CORAM LIFE EDUCATION | 1 | £22k |