COLUMBIA UK FUND LIMITED
Financial health, per its FY2024 accounts
The accounts state that unrestricted reserves increased significantly to £1,891,435, compared to £103,972 in the prior year, driven by net income of £1,787,463. The trustees report that no material uncertainties exist regarding the charity's ability to continue as a going concern. The charity maintains reserves sufficient to meet annual administrative expenses, which average no more than £5,000.
What the accounts disclose
“As a grant making charity with no employees and minimal overheads, there is limited need for the charity to hold substantial sums as reserves against future expenditure and accordingly the charity only maintains sufficient funds to meet annual administrative expenses, which on average do not exceed £5,000.” — page 3
“The company's audit and accountancy £3,030 (2023 - £3,030) and bank charges £5,274 (2023 - £5,823 ) were met by the shareholder (Total £8,304 (2023- £8,853).” — page 4
Structured financials (annual return, FY ending 30/11/2024)
Trustees
- Mark Leonard Hawkins
- Ryan Heath Carmichael
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 30/11/2024 | £1.8m | £19k |
| 30/11/2023 | £1.7m | £2.3m |
| 30/11/2022 | £1.5m | £1.4m |
| 30/11/2021 | £938k | £2.0m |
| 30/11/2020 | £573k | £43k |
Common questions
Is COLUMBIA UK FUND LIMITED financially healthy?
The accounts state that unrestricted reserves increased significantly to £1,891,435, compared to £103,972 in the prior year, driven by net income of £1,787,463. The trustees report that no material uncertainties exist regarding the charity's ability to continue as a going concern. The charity maintains reserves sufficient to meet annual administrative expenses, which average no more than £5,000. Its FY2024 accounts were audited by Nielsens.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE JMCMRJ SORRELL FOUNDATION | 1 | £100k |
| MAYFAIR CHARITIES LIMITED | 1 | £21k |