CHELSEA ACADEMY FOUNDATION
Financial health, per its FY2024 accounts
The accounts state that free/unrestricted reserves were £49,383 at year-end, which is below the previous year's free reserves of £155,133. The trustees aim to hold sufficient unrestricted funds to ensure programme continuity, noting that designated reserves of £211,468 are committed to specific Academy support for the 2024-2025 academic year.
What the accounts disclose
“The trustees aim for the Foundation to hold a reserve of unrestricted funds at the end of the year to enable the key Foundation-funded programmes to continue without interruption until donations are received; and the trustees aim to have sufficient funds available to support new or expanded programmes and requests as and when the Academy applies for a grant that meets the Foundation’s charitable purposes.” — page 6
Register events
- Received assets from another charity (25/06/2012)
Trustees
- Megan Ouchterloneychair
- Andreja Lazic
- Astrid Birgitte Nellemann
- David Rosa Casado
- Dr Deji Adewoye
- Filippo Lanza
- Jean-Charles Lemardeley
- Julie Oyogoa
- Mariana Luxardo
- Matthew Gela
- Zehra Imam-Sadeque
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/08/2025 | £175k | £273k |
| 31/08/2024 | £160k | £165k |
| 31/08/2023 | £196k | £228k |
| 31/08/2022 | £234k | £157k |
| 31/08/2021 | £208k | £105k |
Common questions
Is CHELSEA ACADEMY FOUNDATION financially healthy?
The accounts state that free/unrestricted reserves were £49,383 at year-end, which is below the previous year's free reserves of £155,133. The trustees aim to hold sufficient unrestricted funds to ensure programme continuity, noting that designated reserves of £211,468 are committed to specific Academy support for the 2024-2025 academic year. Its FY2024 accounts were independently examined.
Who funds CHELSEA ACADEMY FOUNDATION?
Funders whose own accounts filings name CHELSEA ACADEMY FOUNDATION as a grant recipient include PETER STORMONTH DARLING CHARITABLE TRUST.
Known funders
| Funder | Year | Amount |
|---|---|---|
| PETER STORMONTH DARLING CHARITABLE TRUST | FY2022 | £3k |
| PETER STORMONTH DARLING CHARITABLE TRUST | FY2023 | £2k |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE MOHN WESTLAKE FOUNDATION | 1 | £3.3m |
| HABERDASHERS' ASKE'S CHARITY | 1 | £500k |
| THE ROTHSCHILD FOUNDATION | 1 | £350k |
| THE ASTRA FOUNDATION | 1 | £255k |
| THE THOMPSON FAMILY CHARITABLE TRUST | 1 | £113k |
| THE TANAGRA FOUNDATION | 1 | £100k |
| THE PORTRACK CHARITABLE TRUST | 1 | £5k |
| COLEFAX CHARITABLE TRUST | 1 | £2k |