THE MCLAIN FOUNDATION LIMITED
The objects of the foundation are such exclusively charitable purposes as the Trustees may in their absolute discretion determine. It operates as a grant-making charity, supporting charitable projects and organisations with grants of varying sizes and durations.
Financial health, per its FY2024 accounts
The accounts state that unrestricted reserves stood at £24,645,334 at the year end, with total incoming resources of £2,829,974 and total expenditure of £543,653. The trustees confirm that forecast income and reserves are sufficient to cover budgeted expenditure for the next twelve months, with no material uncertainties identified regarding the going concern basis.
What the accounts disclose
“Donations (note 2) 15 2,505,058” — page 12
“£29,395 was charged by 8 Strands Ltd in respect of administration costs incurred on behalf of the Foundation (2023: £24,470). The balance of £29,395 remains outstanding at year end (2023: £24,470 outstanding). 8 Strands Ltd is owned and controlled by a Trustee of the Foundation with another as a Director.” — page 22
“Bruce Hardy McLain, a Trustee, is the co-founder of CVC Capital Partners which manages the investment. Chelsea McLain is a limited partner of the investment, whilst former Trustee Carina McLain is also a limited partner.” — page 20
“£29,395 was charged by 8 Strands Ltd in respect of administration costs incurred on behalf of the Foundation (2023: £24,470). The balance of £29,395 remains outstanding at year end (2023: £24,470 outstanding). 8 Strands Ltd is owned and controlled by a Trustee of the Foundation with another as a Director.” — page 22
“Bruce Hardy McLain, a Trustee, is the co-founder of CVC Capital Partners which manages the investment. Chelsea McLain is a limited partner of the investment, whilst former Trustee Carina McLain is also a limited partner.” — page 20
“£29,395 was charged by 8 Strands Ltd in respect of administration costs incurred on behalf of the Foundation (2023: £24,470). The balance of £29,395 remains outstanding at year end (2023: £24,470 outstanding). 8 Strands Ltd is owned and controlled by a Trustee of the Foundation with another as a Director.” — page 22
“Bruce Hardy McLain, a Trustee, is the co-founder of CVC Capital Partners which manages the investment. Chelsea McLain is a limited partner of the investment, whilst former Trustee Carina McLain is also a limited partner.” — page 20
“£29,395 was charged by 8 Strands Ltd in respect of administration costs incurred on behalf of the Foundation (2023: £24,470). The balance of £29,395 remains outstanding at year end (2023: £24,470 outstanding). 8 Strands Ltd is owned and controlled by a Trustee of the Foundation with another as a Director.” — page 22
“Bruce Hardy McLain, a Trustee, is the co-founder of CVC Capital Partners which manages the investment. Chelsea McLain is a limited partner of the investment, whilst former Trustee Carina McLain is also a limited partner.” — page 20
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- CHELSEA MCLAIN
- HELLE ELISABETH SKOV MCLAIN
- IAN TERRY
- MR HARDY MCLAIN
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £2.8m | £544k |
| 31/12/2023 | £1.2m | £2.4m |
| 31/12/2022 | £3.5m | £1.2m |
| 31/12/2021 | £5.8m | £1.1m |
| 31/12/2020 | £3.7m | £748k |
Common questions
Is THE MCLAIN FOUNDATION LIMITED financially healthy?
Per its FY2024 accounts: The accounts state that unrestricted reserves stood at £24,645,334 at the year end, with total incoming resources of £2,829,974 and total expenditure of £543,653. The trustees confirm that forecast income and reserves are sufficient to cover budgeted expenditure for the next twelve months, with no material uncertainties identified regarding the going concern basis. Its FY2024 accounts were audited by Rawlinson & Hunter Audit LLP.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE HAPPY BABY COMMUNITY | 1 | £29k |
Charities like this
- THE ROBERT MCALPINE FOUNDATION
- THE MILES MORLAND FOUNDATION
- CLANCY CHARITABLE FOUNDATION
- GRAFF FOUNDATION
- THE CLARKSON FOUNDATION
- THE GRANT FOUNDATION
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| THE MCLAIN FOUNDATION LIMITED | £2.8m | — | 0 | unclear | — | no doubt |
| THE ROBERT MCALPINE FOUNDATION | £1.1m | — | 0 | above | — | no doubt |
| THE MILES MORLAND FOUNDATION | £235k | — | — | within | — | no doubt |
| CLANCY CHARITABLE FOUNDATION | £111k | — | 0 | within | — | no doubt |
| GRAFF FOUNDATION | £1.4m | — | 0 | above | — | no doubt |
| THE CLARKSON FOUNDATION | £2.0m | — | 0 | unclear | — | no doubt |