HFC Help For Children UK LTD
Financial health, per its FY2024 accounts
The accounts state that unrestricted reserves increased to £248,948, which the Directors consider adequate to cover general expenditure and future grant cycles. The charity reported a net income surplus of £41,798 for the year, driven by strong fundraising event income, and maintains a cash balance of £295,944. The trustees confirmed that the charity has adequate resources to continue in operational existence for the foreseeable future.
What the accounts disclose
“It was agreed amongst the Directors that a flexible reserve policy is used in order to continue operations, arrange events to raise funds and normalize grant making for each annual cycle, taking into account the risk that funding is disrupted.”
“During the year the Charitable Company was recharged overheads and expenses from Hedge Funds Care US of £57,797 (2023: £44,826). This is in respect of administrative support provided by the US to the UK. At the year end, a balance was due to Hedge Funds Care US of £47,579 (2023: a balance was due from Hedge Funds Care US of £3,251). Three of the Directors of Hedge Funds Care US are also Directors of HFC Help for Children UK Ltd.” — page 15
“A number of the Directors are employed by or owners of firms that are Global Sponsors of HFC Help for Children UK Ltd. During the year Directors gave £21,965 (2023: £67,986) and their respective firms gave £60,998 (2023: £50,118) through donations and purchasing of gala tickets.” — page 15
“During the year the Charitable Company was recharged overheads and expenses from Hedge Funds Care US of £57,797 (2023: £44,826). This is in respect of administrative support provided by the US to the UK. At the year end, a balance was due to Hedge Funds Care US of £47,579 (2023: a balance was due from Hedge Funds Care US of £3,251). Three of the Directors of Hedge Funds Care US are also Directors of HFC Help for Children UK Ltd.” — page 15
“A number of the Directors are employed by or owners of firms that are Global Sponsors of HFC Help for Children UK Ltd. During the year Directors gave £21,965 (2023: £67,986) and their respective firms gave £60,998 (2023: £50,118) through donations and purchasing of gala tickets.” — page 15
Trustees
- Jack Inglis Edwardchair
- Ashley Fuller
- Benjamin Twidle
- Catherine Streeter
- Christopher Radley-Gardner
- DAMON ANDREW AMBROSINI
- Dan Petrovic
- David Jarman
- Greg Gliner
- Jonathan Edward May
- Louise Mourgues
- Lucy Churchill
- Malcolm Goddard
- Michael Merritt-Holmes
- Robert Hughes
- Robert Schultz
- Simon David Coombes
- Thomas Luccock
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £478k | £437k |
| 31/12/2023 | £482k | £432k |
| 31/12/2022 | £348k | £455k |
| 31/12/2021 | £389k | £279k |
| 31/12/2020 | £119k | £201k |
Common questions
Is HFC Help For Children UK LTD financially healthy?
The accounts state that unrestricted reserves increased to £248,948, which the Directors consider adequate to cover general expenditure and future grant cycles. The charity reported a net income surplus of £41,798 for the year, driven by strong fundraising event income, and maintains a cash balance of £295,944. The trustees confirmed that the charity has adequate resources to continue in operational existence for the foreseeable future. Its FY2024 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. PETER, FORMBY | 1 | — |
| BREAKTHROUGH FOUNDATION | 1 | £2.0m |
| THE PEARS FAMILY CHARITABLE FOUNDATION | 1 | £1.1m |
| GUY'S AND ST THOMAS' FOUNDATION | 1 | £500k |
| THE HEALTH FOUNDATION | 1 | £400k |
| THE PENNIES FOUNDATION | 1 | £370k |
| THE SANDHU CHARITABLE FOUNDATION | 1 | £88k |
| BAKER FAMILY CHARITABLE TRUST | 1 | £75k |