DOWNE HOUSE FOUNDATION
Financial health, per its FY2024 accounts
The accounts state that unrestricted reserves stood at £230,000 against total net assets of £1,028,000, with the Trustees considering this level appropriate for the Foundation's needs. The charity received £515,000 in donations during the year, resulting in a net incoming resource of £511,000. The auditors confirmed that the financial statements give a true and fair view and identified no material uncertainties regarding the charity's ability to continue as a going concern.
What the accounts disclose
“The Trustees consider that the existing level of reserves is appropriate for the needs of the Foundation. This policy is reviewed at least annually.”
Structured financials (annual return, FY ending 31/08/2024)
Trustees
- Sally McNairScottchair
- Elizabeth Clarke
- William Landale
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/08/2025 | £393k | £259k |
| 31/08/2024 | £515k | £4k |
| 31/08/2023 | £87k | £7k |
| 31/08/2022 | £18k | £3k |
| 31/08/2021 | £82k | £5k |
Common questions
Is DOWNE HOUSE FOUNDATION financially healthy?
The accounts state that unrestricted reserves stood at £230,000 against total net assets of £1,028,000, with the Trustees considering this level appropriate for the Foundation's needs. The charity received £515,000 in donations during the year, resulting in a net incoming resource of £511,000. The auditors confirmed that the financial statements give a true and fair view and identified no material uncertainties regarding the charity's ability to continue as a going concern. Its FY2024 accounts were audited by PricewaterhouseCoopers LLP.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE THOMAS RAWCLIFFE CHARITABLE TRUST | 1 | £10k |
| THE BORROWS CHARITABLE TRUST | 1 | £5k |
| MISS W E LAWRENCE 1973 CHARITABLE SETTLEMENT | 1 | £3k |