The Connolly Foundation (UK) Limited

Registered charity 1109135 · accounts filings on the Charity Commission register · also known as KATHLEEN AND MICHAEL CONNOLLY FOUNDATION (UK) LIMITED, THE CONNOLLY FOUNDATION

Grants to individuals made on recommendation by schools and colleges.Grants for capital projects in areas within the Charity's objectives.

Objects

To advance such charitable purposes (according to the law of England and Wales) as the trustees see fit from time to time, in particular but not limited to advancing the education of young people and the welfare of older people in need for the public benefit by making grants and awards.

Area of benefit: UNTIED KINGDOM AND OVERSEAS AND BEDFORDSHIRE

The charity’s charitable objects and area of benefit, quoted from its governing document as held on the Charity Commission register.

Causes: Education/training · The Advancement Of Health Or Saving Of Lives · The Prevention Or Relief Of Poverty · Accommodation/housing · Grant history (this charity is a funder) · website · Get email alerts

Registered contact address: Central Bedfordshire, East of England, England (from the postcode on the register)

Latest income
£14.0m
Latest spending
£9.2m
Registered
2005
Accounts read
FY2025

Financial health, per its FY2025 accounts

The accounts state that the charity holds free reserves of £27,746,667, which are readily available to spend, against a total unrestricted fund balance of £109,613,112. The charity generates significant income from trading subsidiaries, with other trading activities contributing £10,841,037 in the current year. The trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future.

Automated summary of the FY2025 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Highest-paid employee band: £170,001 - £180,000 — in the top quarter for charities its size (median £130k)
“In the band £170,001 - £180,000 - 1”
Per its FY2025 accounts as filed with the Charity Commission.
Reserves position: below the charity's own stated reserves policy
“Free reserves that are readily available to spend are £27,746,667 (2024: £26,718,895 as restated). Over the next five years The Foundation aims to increase funds invested to £100 million.” — page 18
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Connolly Homes Limited
“At the year end, an amount of £3,044,233 (2024 - £3,304,293) was due to Connolly Homes Limited, an indirect subsidiary undertaking.” — page 62
Per its FY2025 accounts as filed with the Charity Commission.

Accounts audited by PEM Audit Limited. Discloses 5 of 6 completeness components.

Policies the charity declares

In its annual return the charity told the Commission that it has the policies listed below. This is self-declared: it is not verified by the Commission or by this site, and it is not evidence of how a policy works in practice.

From the charity’s annual return (Part A, self-declared)

Answers and figures the charity gave in Part A of its annual return to the Charity Commission. They are self-declared: not verified by the Commission or by this site. Only positive answers and figures are listed; items not listed are simply not shown.

Self-declared on the annual return for the financial year ending 31/05/2025

  • Employees paid over £60,000: 2 (£60,001–£70,000: 1; £90,001–£100,000: 1)
  • Trustee benefits, answered Yes to: any trustee benefit
  • Has a trading subsidiary
  • Grant-making is its main activity

Self-declared on the annual return for the financial year ending 31/05/2024

  • Employees paid over £60,000: 3 (£60,001–£70,000: 1; £120,001–£130,000: 1; £150,001–£200,000: 1)
  • Trustee benefits, answered Yes to: any trustee benefit
  • Has a trading subsidiary
  • Grant-making is its main activity

Self-declared on the annual return for the financial year ending 31/05/2023

  • Employees paid over £60,000: 1 (£150,001–£200,000: 1)
  • Trustee benefits, answered Yes to: any trustee benefit
  • Has a trading subsidiary
  • Grant-making is its main activity

Source: this charity’s annual returns on the Charity Commission register.

What the charity says about itself (2025)

From its own voluntary annual review / impact report — the charity’s account of its work, distinct from the statutory accounts analysed above.

Specific financial and beneficiary data for the University Bursaries programme.
“In November 2024, we awarded bursaries to 775 students, paying out a total of £477,250.”

Property (HM Land Registry)

9 registered titles in England and Wales held by the charity’s company or corporate body (3 freehold); recorded price paid £7.5m. All charity-held property. Contains HM Land Registry data © Crown copyright, OGL v3.0.

Public profiles (found on the charity’s own website): facebook

Structured financials (annual return, FY ending 31/05/2025)

Total income
£14.0m
Total spending
£9.2m
Cost of raising funds
£6.6m
Reserves (reported)
£35.2m
Employees
5

Reported reserves equal ~46.0 months of spending — in the top quarter for charities its size (median 4.6 months; benchmarks).

Per its annual return, cost of raising funds: 47.1% of total income — above the 90th percentile for charities its size (median 3.7%) (benchmarks).

Trustees · trustee networks

Trustee list from the Charity Commission register (current, not historical).

Operates in: Bedford · Buckinghamshire · Cambridgeshire · Central Bedfordshire · Hertfordshire · Luton

Income and spending

Financial year endIncomeSpending
31/05/2025£14.0m£9.2m
31/05/2024£3.3m£3.4m
31/05/2023£15.7m£11.9m
31/05/2022£15.8m£7.0m
31/05/2021£15.0m£10.0m

Common questions

Is The Connolly Foundation (UK) Limited financially healthy?

Per its FY2025 accounts: The accounts state that the charity holds free reserves of £27,746,667, which are readily available to spend, against a total unrestricted fund balance of £109,613,112. The charity generates significant income from trading subsidiaries, with other trading activities contributing £10,841,037 in the current year. The trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Its FY2025 accounts were audited by PEM Audit Limited.

What does the highest-paid employee of The Connolly Foundation (UK) Limited earn?

Per its FY2025 accounts, the highest-paid employee was in the £170,001 - £180,000 band.

Funders of similar charities

Funders whose accounts show grants to charities similar to this one (and no recorded grant to this charity) — a starting list for fundraisers.

FunderSimilar charities fundedAmount to them
SONGDALE LIMITED1£8k

Charities like this

Semantically similar by activities and financial character, from our analysed corpus. Compare with FILEY FOUNDATION LTD.

Side by side with its peers

CharityIncomeTop pay bandStaff >£60kReserves vs policyFundraising costGoing concern
The Connolly Foundation (UK) Limited£14.0m£170,001 - £180,000—below—no doubt
FILEY FOUNDATION LTD FY2025£271k—0above—no doubt
THE MCGILVRAY CHARITABLE FOUNDATION FY2026£52k—0unclear—no doubt
THE UDLINGTON TRUST FY2025£312k—0unclear—no doubt
THE FIDELITY UK FOUNDATION FY2025£12.4m—0below—no doubt
THE LINDLEY FOUNDATION FY2025£52k—0unclear—no doubt

Each row is that charity’s latest analysed filing; every value is quote-backed on its own page.