MONTPELIER FOUNDATION LIMITED
Financial health, per its FY2023 accounts
The accounts state that unrestricted reserves stood at £6,026,109, which is significantly above the trustees' stated policy target of £186,655 (representing 50% of annual costs). The charity reported a net incoming resource of £104,909 for the year, driven by substantial grant income and investment gains, resulting in a healthy financial position with adequate resources to continue in operational existence.
What the accounts disclose
“During the year, two employees received remuneration greater than £70,000 and lower than £80,000”
“During the year, two employees received remuneration greater than £70,000 and lower than £80,000”
“The Trustees have determined that MF should maintain 50% of its annual staff, support costs and governance costs in reserves. This figure amounts to £186,655” — page 5
“The donation of over £1.25M received in 2023 comes from a relative of Nicholas Cournoyer, a Director of the Foundation.” — page 23
“Nicholas Cournoyer, a Director of the Foundation, is also a Director of Hampshire Foundation Incorporated, a charity registered in the USA. Agathe Bourgon, a senior member of staff, is also a Director of Hampshire Foundation Incorporated.” — page 23
“The donation of over £1.25M received in 2023 comes from a relative of Nicholas Cournoyer, a Director of the Foundation.” — page 23
“Nicholas Cournoyer, a Director of the Foundation, is also a Director of Hampshire Foundation Incorporated, a charity registered in the USA. Agathe Bourgon, a senior member of staff, is also a Director of Hampshire Foundation Incorporated.” — page 23
Year-over-year changes
- Top pay band moved from unclear (FY2022) to £70,001 - £80,000 (FY2023).
Structured financials (annual return, FY ending 31/12/2023)
Trustees
- NICHOLAS COURNOYERchair
- Mireya Alvarez Mendizabal
- RICHARD BRASS
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £123k | £1.9m |
| 31/12/2023 | £1.4m | £2.0m |
| 31/12/2022 | £88k | £1.9m |
| 31/12/2021 | £122k | £1.8m |
| 31/12/2020 | £280k | £1.7m |
Common questions
Is MONTPELIER FOUNDATION LIMITED financially healthy?
The accounts state that unrestricted reserves stood at £6,026,109, which is significantly above the trustees' stated policy target of £186,655 (representing 50% of annual costs). The charity reported a net incoming resource of £104,909 for the year, driven by substantial grant income and investment gains, resulting in a healthy financial position with adequate resources to continue in operational existence. Its FY2023 accounts were audited by Moore Kingston Smith LLP.
What does the highest-paid employee of MONTPELIER FOUNDATION LIMITED earn?
Per its FY2023 accounts, the highest-paid employee was in the £70,001 - £80,000 band, and 2 employees earned over £60,000.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE GENERATIONAL FOUNDATION | 1 | £500k |
| Able Child Africa | 1 | £30k |