THE FALDO TRUST FOR TOMORROW'S CHAMPIONS
To establish support, encourage, promote, organise and operate golf tournaments, golf development programmes and such ancillary facilities and activities for the benefit and welfare of young golfers as the trustees of the charity may deem appropriate.
Financial health, per its FY2024 accounts
The accounts state that the charity reported a surplus of £30,606 for the year ended 31 December 2024, bringing total unrestricted reserves to £50,213. Per the trustees' report, this figure aligns with their stated reserves policy target of £50,000, which is intended to cover operational costs, capital expenditure, and contingencies.
What the accounts disclose
“The Trustees' consider reserves should be maintained at a level of £50,000.”
“M Faldo, son of Sir N A Faldo, is a full time employee of the Trust and Trustee. His role is Series Executive, a role for which he is remunerated for, 2024 remuneration £45,000 (2023: £45,000).” — page 22
“M Faldo, son of Sir N A Faldo, is a full time employee of the Trust and Trustee. His role is Series Executive, a role for which he is remunerated for, 2024 remuneration £45,000 (2023: £45,000). Faldo Marketing Inc is a company under common control. At the balance sheet date, £39,546 balance was owed by the company to The Faldo Trust for Tomorrow's Champions (2023: £58,796). Nick Faldo Design (US) is a company under common control. At the balance sheet date, £45,474 (2023: £45,474) was owing to the company from The Faldo Trust for Tomorrow's Champions. Nick Faldo Design (Overseas) Limited is a company under common control. At the balance sheet date, £17,755 (2023: £9,943) was owed by the company to The Faldo Trust for Tomorrow's Champions. Nick Faldo (International) Limited is a company under common control. At the balance sheet date, £54,339 (2023: £nil) was owed by the company to The Faldo Trust for Tomorrow's Champions The Faldo Trust For Tomorrow's Champions (Asia) Ltd (company limited by guarantee in Hong Kong) is a company under common control. At the balance sheet date, £nil (2023: £617) was owed to the company from The Faldo Trust for Tomorrow's Champions. Faldo Enterprises US is a company under common control. At the balance sheet date, £32,410 (2023: £32,410) was owing to the company from The Faldo Trust for Tomorrow's Champions.” — page 22
Register events
- Received assets from another charity (09/09/2020)
Trustees
- Matthew Alexander Faldo
- NICHOLAS FALDO
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £407k | £377k |
| 31/12/2023 | £256k | £226k |
| 31/12/2022 | £223k | £243k |
| 31/12/2021 | £209k | £238k |
| 31/12/2020 | £261k | £237k |
Common questions
Is THE FALDO TRUST FOR TOMORROW'S CHAMPIONS financially healthy?
Per its FY2024 accounts: The accounts state that the charity reported a surplus of £30,606 for the year ended 31 December 2024, bringing total unrestricted reserves to £50,213. Per the trustees' report, this figure aligns with their stated reserves policy target of £50,000, which is intended to cover operational costs, capital expenditure, and contingencies. Its FY2024 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE BLAKEY FOUNDATION | 1 | — |
| MAKERS OF PLAYING CARDS CHARITY | 1 | — |
| The Ethos Foundation | 1 | £2.4m |
| B&Q Foundation | 1 | £210k |
| THE INTERNATIONAL GOLF CHARITY | 1 | £172k |
| The Caring Family Foundation | 1 | £160k |
| THE WESTMINSTER FOUNDATION | 1 | £152k |
| QUINTESSENTIALLY FOUNDATION | 1 | £115k |
Charities like this
- THE INTERNATIONAL GOLF CHARITY
- TAFF BARGOED DEVELOPMENT TRUST LIMITED
- COMMUNITY GOLF AND LEISURE TRUST
- THE GOLF FOUNDATION
- THE IRON BRIDGE TRUST
- THE CHILDHOOD TRUST
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| THE FALDO TRUST FOR TOMORROW'S CHAMPIONS | £407k | — | 0 | above | — | no doubt |
| THE INTERNATIONAL GOLF CHARITY | £279k | — | 0 | unclear | — | no doubt |
| TAFF BARGOED DEVELOPMENT TRUST LIMITED | £152k | — | 0 | unclear | — | no doubt |
| COMMUNITY GOLF AND LEISURE TRUST | £1.4m | — | — | unclear | — | no doubt |
| THE GOLF FOUNDATION | £1.6m | £90,001 - £100,000 | — | below | — | no doubt |
| THE IRON BRIDGE TRUST | £390k | — | 0 | unclear | — | no doubt |