THE EIGHTY EIGHT FOUNDATION
Financial health, per its FY2024 accounts
The accounts state that unrestricted reserves stood at £19,466,416, an increase from the previous year's £18,686,290. The trustees report that net assets are regarded as free reserves and are considered adequate to cover future grant plans and budgeted expenditure. The auditor confirmed that the use of the going concern basis is appropriate with no material uncertainties identified.
What the accounts disclose
“During the year ended 31 March 2024 one Trustee donated funds totalling £1,317,750 to the charity (2023: £1,482,000) on which Gift Aid relief of £329,438 has been claimed (2023: £370,500). No Trustees received any remuneration during the year to 31 March 2024.” — page 20
Structured financials (annual return, FY ending 31/03/2025)
Trustees
- ANN FITZMAURICE
- Barry Ivor Fine
- Claude Sebastian Slatner
- EDWARD MARTIN FITZMAURICE
- Martin Bennett
- Neelesh Christopher Heredia
- STUART JOHN WALKER
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £7.0m | £4.7m |
| 31/03/2024 | £2.0m | £3.1m |
| 31/03/2023 | £2.2m | £3.2m |
| 31/03/2022 | £1.9m | £2.0m |
| 31/03/2021 | £3.7m | £1.8m |
Common questions
Is THE EIGHTY EIGHT FOUNDATION financially healthy?
The accounts state that unrestricted reserves stood at £19,466,416, an increase from the previous year's £18,686,290. The trustees report that net assets are regarded as free reserves and are considered adequate to cover future grant plans and budgeted expenditure. The auditor confirmed that the use of the going concern basis is appropriate with no material uncertainties identified. Its FY2024 accounts were audited by Rawlinson & Hunter Audit LLP.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| JEREMY COLLER FOUNDATION | 1 | £230k |
| THE SIR BERNARD & LADY SCHREIER FOUNDATION | 1 | £4k |
| THE CHRISTOPHER AND HENRY OLDFIELD TRUST | 1 | £0 |