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THE REECE FOUNDATION

Registered charity 1121325 · accounts filings on the Charity Commission register

Latest income
£376k
Latest spending
£1.5m
Registered
2007
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that the Foundation holds total unrestricted reserves of £30,163,662, with £1,295,536 held as cash representing approximately one year of charitable expenditure. The trustees believe these reserves are sufficient to support grants as they are agreed and other costs as they arise. The financial statements were prepared on a going concern basis with no material uncertainties identified by the auditor.

What the accounts disclose

Reserves policy: approximately one year of charitable expenditure (held: £1.3m)
“Remaining total 'free' unrestricted reserves of £1,295,536 (2023: £1,438,306) represent approximately one year of charitable expenditure held as cash, and is therefore not at risk of the fluctuations in investment values. The trustees believe these reserves are sufficient to support grants as they are agreed and other costs as they arise.”
Per its FY2024 accounts as filed with the Charity Commission.

Accounts audited by UNW LLP.

Structured financials (annual return, FY ending 31/12/2021)

Total income
£755k
Total spending
£2.8m
Cost of raising funds
£204k
Reserves (reported)
£0
Employees
0

Reported reserves equal ~0.0 months of spending — in the bottom quarter for charities its size (median 7.0 months; benchmarks).

Trustees

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

Operates in: Throughout England

Income and spending

Financial year endIncomeSpending
31/12/2024£376k£1.5m
31/12/2023£309k£1.8m
31/12/2022£230k£1.1m
31/12/2021£755k£2.8m
31/12/2020£1.5m£1.5m

Common questions

Is THE REECE FOUNDATION financially healthy?

The accounts state that the Foundation holds total unrestricted reserves of £30,163,662, with £1,295,536 held as cash representing approximately one year of charitable expenditure. The trustees believe these reserves are sufficient to support grants as they are agreed and other costs as they arise. The financial statements were prepared on a going concern basis with no material uncertainties identified by the auditor. Its FY2024 accounts were audited by UNW LLP.

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
GRAFF FOUNDATION1£100k
SIR ROBERT GEFFERY'S ALMSHOUSE TRUST1£4k

Charities like this

Semantically similar by activities and financial character, from our analysed corpus. Compare with Reece Family Trust.