The Connolly Foundation (UK) Limited
Grants to individuals made on recommendation by schools and colleges.Grants for capital projects in areas within the Charity's objectives.
Financial health, per its FY2025 accounts
The accounts state that the charity holds total unrestricted funds of £109,613,112, with free reserves readily available to spend amounting to £27,746,667. The trustees report that income from invested funds is anticipated to be sufficient to support a substantial expansion of the grant-making programme over the next five years.
What the accounts disclose
“In the band £170,001 - £180,000” — page 46
“Income is invested in line with the charity’s reserves policy. Therefore, income is held in cash on deposit and in managed investment funds after review of performance of funds and assessment of the wider economy.” — page 16
“The Trustees receive no remuneration in their capacity as Trustees. M A Callanan is remunerated in his capacity as director of the trading subsidiaries, as permitted in the Articles of Association and his salary is in the highest band disclosed above.” — page 46
“The balances were settled during the year and, as a result of the entities being wound up, there were no balances outstanding as at 31 May 2025. 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
“Connolly Homes Ltd continues to trade. The Foundation, together with Connolly Homes Ltd and another subsidiary company owned by Connolly Homes Ltd, are collectively referred to as “The Group”.”
Year-over-year changes
- Top pay band moved from £150,001 - £160,000 (FY2024) to £170,001 - £180,000 (FY2025).
What the charity says about itself (2025)
“In November 2024, we awarded bursaries to 775 students, paying out a total of £477,250.”
Property (HM Land Registry)
Structured financials (annual return, FY ending 31/05/2025)
Trustees
- Amar Lakhani
- Brendan John McGowan
- Malcolm Groves
- Mostaque Ahmed Koyes
- Simon John White
- Yvonne louise Ashby
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 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 total unrestricted funds of £109,613,112, with free reserves readily available to spend amounting to £27,746,667. The trustees report that income from invested funds is anticipated to be sufficient to support a substantial expansion of the grant-making programme over the next five years. 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
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE ADDERSTONE FOUNDATION | 1 | £1.2m |
| JEREMY ALEXANDER SETTLEMENT | 1 | £165k |
| BOOST CHARITABLE TRUST | 1 | £7k |
| THE EDWARD AND DOROTHY CADBURY TRUST | 1 | £1k |
| Evergreen Care UK | 1 | £500 |
Charities like this
- THE HERITAGE FOUNDATION
- BINGLEY GRAMMAR SCHOOL FOUNDATION CIO
- HEDLEY FOUNDATION LIMITED
- THE CONRAN FOUNDATION
- PERSONAL BEST FOUNDATION
- THE HARDY FOUNDATION
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| The Connolly Foundation (UK) Limited | £14.0m | £170,001 - £180,000 | — | unclear | — | no doubt |
| THE HERITAGE FOUNDATION | £463k | — | 0 | above | — | no doubt |
| BINGLEY GRAMMAR SCHOOL FOUNDATION CIO | £138k | — | 0 | unclear | — | no doubt |
| HEDLEY FOUNDATION LIMITED | £1.5m | — | 0 | above | — | no doubt |
| THE CONRAN FOUNDATION | £14.7m | — | 0 | unclear | — | no doubt |
| PERSONAL BEST FOUNDATION | £135k | — | 0 | below | — | no doubt |