HUO FAMILY FOUNDATION (UK) LIMITED
Financial health, per its FY2024 accounts
The accounts state that the charity holds unrestricted reserves of US$244,898,457, which significantly exceed its stated policy target of approximately US$13,500,000 for the upcoming year's grant payments and operating expenses. The trustees confirm that reserves are sufficient to meet future needs and that the going concern basis of accounting is appropriate, with no material uncertainties identified by the auditors.
What the accounts disclose
“Only one employee received emoluments in excess of US$60,000”
“As at 31 December 2024, this balance was US$6,613,828 (2023: US$7,459,913).” — page 7
“received a donation of US$16,000,000 (2023: US$16,000,000) from Yan Huo, a trustee of the Foundation.” — page 28
“The total charge by Faculty Road Limited was US$289,180 (2023: US$667,819); the amount of outstanding payment included within creditors at 31 December 2024 was US$54,478”
“received a donation of US$16,000,000 (2023: US$16,000,000) from Yan Huo, a trustee of the Foundation.” — page 28
“The total charge by Faculty Road Limited was US$289,180 (2023: US$667,819); the amount of outstanding payment included within creditors at 31 December 2024 was US$54,478”
“received a donation of US$16,000,000 (2023: US$16,000,000) from Yan Huo, a trustee of the Foundation.” — page 28
“The total charge by Faculty Road Limited was US$289,180 (2023: US$667,819); the amount of outstanding payment included within creditors at 31 December 2024 was US$54,478”
Year-over-year changes
- Employees paid over £60,000: 0 (FY2022) → 1 (FY2024).
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- YAN HUOchair
- Dr YU QIAO
- Iris Huo
- Nancy Lynn Montmarquet
- SAMUEL LOWE
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £18.5m | £4.5m |
| 31/12/2023 | £17.9m | £11.2m |
| 31/12/2022 | £22.0m | £6.7m |
| 31/12/2021 | £21.1m | £5.4m |
| 31/12/2020 | £18.9m | £6.3m |
Common questions
Is HUO FAMILY FOUNDATION (UK) LIMITED financially healthy?
The accounts state that the charity holds unrestricted reserves of US$244,898,457, which significantly exceed its stated policy target of approximately US$13,500,000 for the upcoming year's grant payments and operating expenses. The trustees confirm that reserves are sufficient to meet future needs and that the going concern basis of accounting is appropriate, with no material uncertainties identified by the auditors. Its FY2024 accounts were audited by PricewaterhouseCoopers LLP.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| MONA HATOUM FOUNDATION | 1 | £4k |