THE LEONARD AND SUZANNE PHILLIPS FOUNDATION
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net income of £319,422 for the year ended 31 December 2024, driven largely by donations from the trustees' family interests. Unrestricted fund balances increased to £2,446,998, and the trustees confirmed adequate resources for the foreseeable future under the going concern basis. There is no fixed reserves policy as the trustees are committed to providing funding as required.
What the accounts disclose
Trustees
- LEONARD PHILLIPSchair
- SUZANNE PHILLIPS
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £333k | £13k |
| 31/12/2023 | £63k | £52k |
| 31/12/2022 | £13k | £14k |
| 31/12/2021 | £161k | £11k |
| 31/12/2020 | £0 | £978 |
Common questions
Is THE LEONARD AND SUZANNE PHILLIPS FOUNDATION financially healthy?
The accounts state that the charity reported a net income of £319,422 for the year ended 31 December 2024, driven largely by donations from the trustees' family interests. Unrestricted fund balances increased to £2,446,998, and the trustees confirmed adequate resources for the foreseeable future under the going concern basis. There is no fixed reserves policy as the trustees are committed to providing funding as required. Its FY2024 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE PHILLIPS AND RUBENS CHARITABLE TRUST | 1 | £300k |
| THE DAVID AND CLAUDIA HARDING FOUNDATION | 1 | £100k |
| THE PUBLIC INTEREST FOUNDATION | 1 | £5k |