TARA GETTY FOUNDATION
Financial health, per its FY2024 accounts
The accounts state that the charity generated a net surplus of £748,456 for the year ended 31 December 2024, resulting in unrestricted reserves of £875,924. The trustees maintain these reserves to fund future projects, noting that the charity operates with minimal annual expenses by utilizing resources from a private family office. The independent auditor confirmed that the use of the going concern basis of accounting is appropriate with no material uncertainties identified.
What the accounts disclose
“The Foundation’s trustees maintain a level of reserves required to fund future projects that they may want to undertake where no previous commitments have been made.” — page 7
“During the year the Foundation received donations of £947,213 (2023: £294,823) from Tara Getty, a trustee.” — page 19
“During the year the Foundation paid service fees of $5,000 (2023: $5,000) to Sutton Place (US) Limited, a connected party of the corporate trustee Sutton Place Services (UK) Limited.” — page 19
“During the year the Foundation received donations of £947,213 (2023: £294,823) from Tara Getty, a trustee.” — page 19
“During the year the Foundation paid service fees of $5,000 (2023: $5,000) to Sutton Place (US) Limited, a connected party of the corporate trustee Sutton Place Services (UK) Limited.” — page 19
“During the year the Foundation received donations of £947,213 (2023: £294,823) from Tara Getty, a trustee.” — page 19
“During the year the Foundation paid service fees of $5,000 (2023: $5,000) to Sutton Place (US) Limited, a connected party of the corporate trustee Sutton Place Services (UK) Limited.” — page 19
“During the year the Foundation received donations of £947,213 (2023: £294,823) from Tara Getty, a trustee.” — page 19
“During the year the Foundation paid service fees of $5,000 (2023: $5,000) to Sutton Place (US) Limited, a connected party of the corporate trustee Sutton Place Services (UK) Limited.” — page 19
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- Jessica Getty
- Katie Morris
- Sutton Place Services (UK) Limited
- TARA GABRIEL GETTY
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £1.2m | £457k |
| 31/12/2023 | £369k | £334k |
| 31/12/2022 | £439k | £396k |
| 31/12/2021 | £325k | £331k |
| 31/12/2020 | £107k | £76k |
Common questions
Is TARA GETTY FOUNDATION financially healthy?
The accounts state that the charity generated a net surplus of £748,456 for the year ended 31 December 2024, resulting in unrestricted reserves of £875,924. The trustees maintain these reserves to fund future projects, noting that the charity operates with minimal annual expenses by utilizing resources from a private family office. The independent auditor confirmed that the use of the going concern basis of accounting is appropriate with no material uncertainties identified. Its FY2024 accounts were audited by Smailes Goldie.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| ONE FOOTSTEP | 1 | — |
| THE GENERATIONAL FOUNDATION | 1 | £500k |