THE MCLAIN FOUNDATION LIMITED
Financial health, per its FY2022 accounts
The accounts state that unrestricted reserves stood at £21,022,078, an increase from the previous year's £18,996,895. The Trustees consider these freely expendable funds to be appropriate and adequate for future grant-making plans, with no specific reserves designated. The financial review confirms that net assets are regarded as unrestricted reserves retained to make grants in accordance with the Foundation’s charitable objects.
What the accounts disclose
“£24,926 was charged by 8 Strands Ltd in respect of administration costs incurred on behalf of the Foundation (2021: £22,680). The balance remains outstanding at year end (2021: £nil). 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. Two of the Trustees, Carina McLain and Chelsea McLain are limited partners of the investment.” — page 21
“£24,926 was charged by 8 Strands Ltd in respect of administration costs incurred on behalf of the Foundation (2021: £22,680). The balance remains outstanding at year end (2021: £nil). 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. Two of the Trustees, Carina McLain and Chelsea McLain are limited partners of the investment.” — page 21
“£24,926 was charged by 8 Strands Ltd in respect of administration costs incurred on behalf of the Foundation (2021: £22,680). The balance remains outstanding at year end (2021: £nil). 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. Two of the Trustees, Carina McLain and Chelsea McLain are limited partners of the investment.” — page 21
“£24,926 was charged by 8 Strands Ltd in respect of administration costs incurred on behalf of the Foundation (2021: £22,680). The balance remains outstanding at year end (2021: £nil). 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. Two of the Trustees, Carina McLain and Chelsea McLain are limited partners of the investment.” — page 21
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?
The accounts state that unrestricted reserves stood at £21,022,078, an increase from the previous year's £18,996,895. The Trustees consider these freely expendable funds to be appropriate and adequate for future grant-making plans, with no specific reserves designated. The financial review confirms that net assets are regarded as unrestricted reserves retained to make grants in accordance with the Foundation’s charitable objects. Its FY2022 accounts were audited by Rawlinson & Hunter Audit LLP.