BREAKTHROUGH FOUNDATION
Latest income
£50.0m
Latest spending
£51.6m
Registered
2015
Accounts read
FY2024
Financial health, per its FY2024 accounts
The accounts state that the charity is dependent on grants from a major donor and does not raise money from the public. Per the trustees' report, due to these funding arrangements, they consider there is no requirement for the charity to hold reserves, resulting in unrestricted free reserves of $1,605,099 at year-end.
What the accounts disclose
Reserves policy: no requirement to hold reserves (held: £1.6m)
“Due to the funding arrangements the Trustees consider there is no requirement for the charity to hold reserves.” — page 7
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Breakthrough Prize Foundation
“$50,182k (2023: $78,744k) of grants were issued to Breakthrough Prize Foundation, an entity over which Breakthrough Foundation has the power to appoint the Directors, of which $16,935k (2023: $Nil) were outstanding at year end.” — page 21
“$8,044k (2023: $7,033k) of grants were issued to Breakthrough Prize in Life Sciences Foundation, an entity over which Breakthrough Foundation has the power to appoint the Directors, of which $3,883k (2023: $Nil) were outstanding at year end.” — page 21
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Breakthrough Prize in Life Sciences Foundation
“$50,182k (2023: $78,744k) of grants were issued to Breakthrough Prize Foundation, an entity over which Breakthrough Foundation has the power to appoint the Directors, of which $16,935k (2023: $Nil) were outstanding at year end.” — page 21
“$8,044k (2023: $7,033k) of grants were issued to Breakthrough Prize in Life Sciences Foundation, an entity over which Breakthrough Foundation has the power to appoint the Directors, of which $3,883k (2023: $Nil) were outstanding at year end.” — page 21
Per its FY2024 accounts as filed with the Charity Commission.
Structured financials (annual return, FY ending 31/12/2024)
Total income
£50.0m
Total spending
£51.6m
Reserves (reported)
£0
Employees
0
Trustees
- Svetlana Pavlovachair
- Chun Fung Jonathan Chan
- Esq. James Alexander Hutchinson
- Richard James Bonney
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £50.0m | £51.6m |
| 31/12/2023 | £85.4m | £89.9m |
| 31/12/2022 | £52.0m | £46.3m |
| 31/12/2021 | £49.0m | £46.1m |
| 31/12/2020 | £27.5m | £25.6m |
Common questions
Is BREAKTHROUGH FOUNDATION financially healthy?
The accounts state that the charity is dependent on grants from a major donor and does not raise money from the public. Per the trustees' report, due to these funding arrangements, they consider there is no requirement for the charity to hold reserves, resulting in unrestricted free reserves of $1,605,099 at year-end. Its FY2024 accounts were audited by Gravita Audit Oxford LLP.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| SF FOUNDATION | 1 | £445k |
| GERSON BERGER ASSOCIATION LIMITED | 1 | £105k |
| OLLINGHAM LIMITED | 1 | £100k |
| FRIENDS OF WMSBG-KOLEL DAMESEK ELIEZER | 1 | £100k |
| Y G S YESHIVA GEDOLA SEMINAR | 1 | £59k |
| SHULEM B. ASSOCIATION LIMITED | 1 | £50k |
| SHAAREI RACHAMIM LIMITED | 1 | £33k |
| UK GIVES LTD | 1 | £21k |