CINVEN FOUNDATION
Financial health, per its FY2024 accounts
The accounts state that the charity reported unrestricted reserves of £37,024 at the end of the financial year, a slight increase from the previous year's £36,315. The trustees confirm that the charity does not need to maintain significant reserves due to small administration costs and ongoing support from its parent company, Cinven Limited. The charity received voluntary income of £1,355,100 and committed charitable expenditure of £1,350,467 during the year.
What the accounts disclose
“The Charity’s administration costs are small. There are no ongoing commitments due to day to day administration support from Cinven Limited and therefore the Trustees believe the Charity does not need to maintain significant reserves.” — page 6
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- Alison Marie Raymond
- Benjamin Jacobus Osnabrug
- Caroline Rachel Rawes
- Maxim Devin Crewe
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £1.4m | £1.4m |
| 31/12/2023 | £1.1m | £1.2m |
| 31/12/2022 | £943k | £908k |
| 31/12/2021 | £1.1m | £1.1m |
| 31/12/2020 | £1.4m | £1.5m |
Common questions
Is CINVEN FOUNDATION financially healthy?
The accounts state that the charity reported unrestricted reserves of £37,024 at the end of the financial year, a slight increase from the previous year's £36,315. The trustees confirm that the charity does not need to maintain significant reserves due to small administration costs and ongoing support from its parent company, Cinven Limited. The charity received voluntary income of £1,355,100 and committed charitable expenditure of £1,350,467 during the year. Its FY2024 accounts were audited by BDO LLP.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE SIR BERNARD & LADY SCHREIER FOUNDATION | 1 | £4k |
| THE CHRISTOPHER AND HENRY OLDFIELD TRUST | 1 | £0 |