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.
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.
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.
What the accounts disclose
“In the band £170,001 - £180,000 - 1”
“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
“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
Policies the charity declares
- Complaints policy and procedures
- Conflicting interests
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Investing charity funds policy and procedures
- Investment
- Risk management
- Safeguarding policy and procedures
- Safeguarding vulnerable beneficiaries
- Trustee conflicts of interest policy and procedures
From the charity’s annual return (Part A, self-declared)
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
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 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
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| SONGDALE LIMITED | 1 | £8k |
Charities like this
- FILEY FOUNDATION LTD
- THE MCGILVRAY CHARITABLE FOUNDATION
- THE UDLINGTON TRUST
- THE FIDELITY UK FOUNDATION
- THE LINDLEY FOUNDATION
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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 | — | below | — | no doubt |
| FILEY FOUNDATION LTD | £271k | — | 0 | above | — | no doubt |
| THE MCGILVRAY CHARITABLE FOUNDATION | £52k | — | 0 | unclear | — | no doubt |
| THE UDLINGTON TRUST | £312k | — | 0 | unclear | — | no doubt |
| THE FIDELITY UK FOUNDATION | £12.4m | — | 0 | below | — | no doubt |
| THE LINDLEY FOUNDATION | £52k | — | 0 | unclear | — | no doubt |