THE FACET FOUNDATION LIMITED
Financial health, per its FY2024 accounts
The accounts state that the charity is in a net liabilities position with unrestricted funds of negative $609,000. However, the trustees confirm that ongoing commitments will continue to be funded by Graff Diamonds International Limited if required, and cash resources are sufficient to meet financial commitments for at least twelve months.
What the accounts disclose
“It is the policy of the trustees to maintain funds at a level to enable the charitable company to be administered efficiently to meet its expenditure requirements and to have adequate resources to fund its charitable objectives.” — page 5
“Governance costs comprise administrative services, provided by Robert Falk, the charitable company accountant of $1k (2023: $1k). These were borne by Graff Diamonds Limited as gifts in kind in 2024 and 2023” — page 17
“The charity company also received grants of $24k (2023: $23k) from Delaire, a wine estate and hotel and related party based in South Africa.” — page 18
“Governance costs comprise administrative services, provided by Robert Falk, the charitable company accountant of $1k (2023: $1k). These were borne by Graff Diamonds Limited as gifts in kind in 2024 and 2023” — page 17
“The charity company also received grants of $24k (2023: $23k) from Delaire, a wine estate and hotel and related party based in South Africa.” — page 18
Funders the charity credits
- Graff
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- Alexander Molla
- FRANCOIS XAVIER GRAFF
- LAURENCE GRAFF
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £835k | £38k |
| 31/12/2023 | £916k | £2.1m |
| 31/12/2022 | £1.7m | £665k |
| 31/12/2021 | £611k | £795k |
| 31/12/2020 | £405k | £804k |
Common questions
Is THE FACET FOUNDATION LIMITED financially healthy?
The accounts state that the charity is in a net liabilities position with unrestricted funds of negative $609,000. However, the trustees confirm that ongoing commitments will continue to be funded by Graff Diamonds International Limited if required, and cash resources are sufficient to meet financial commitments for at least twelve months. Its FY2024 accounts were audited by PricewaterhouseCoopers LLP.
Who funds THE FACET FOUNDATION LIMITED?
Funders whose own accounts filings name THE FACET FOUNDATION LIMITED as a grant recipient include GRAFF FOUNDATION.
Shared trustees with funders
- Alexander Molla — trustee here and at GRAFF FOUNDATION
Known funders
| Funder | Year | Amount |
|---|---|---|
| GRAFF FOUNDATION | FY2022 | £860k |
| GRAFF FOUNDATION | FY2024 | £688k |
| GRAFF FOUNDATION | FY2023 | £81k |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| ONE FOOTSTEP | 1 | — |
| THE MOTIVATION CHARITABLE TRUST | 1 | £81k |
| HALLMARK CARE HOMES FOUNDATION | 1 | £26k |