We Are Family Foundation UK
Promoting education and training, human rights, religious and racial harmony, equality and diversity for the benefit of children and young people and mankind.
Financial health, per its FY2024 accounts
The accounts state that unrestricted reserves stood at £38,300, which is above the charity's stated policy target of maintaining between three and six months' expenditure (equivalent to £5,000). The filing confirms the charity is prepared on a going concern basis with adequate resources for the foreseeable future, and notes that no audit was required under the small companies regime.
What the accounts disclose
“It is the policy of the charity that unrestricted funds of £5,000 which have not been designated for a specific use should be maintained at a level equivalent to between three and six months’ expenditure.” — page 5
“As at the balance sheet date, the company owed £32,964 (2023 - £31,868) to We Are Family Foundation (USA), We Are Family Foundation (UK) and We Are Family Foundation (USA) have three Trustees in common, N G Rodgers, M A Barondess and N L Hunt. This loan is interest free and repayable on demand.” — page 14
Trustees
- Mark Barondesschair
- DENZYL FEIGELSON
- David Giampaolo
- David Robert Saddington
- Irene Cervellera Micheli
- Nancy Hunt
- Nile Rodgers
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £75k | £69k |
| 31/12/2023 | £122 | £11k |
| 31/12/2022 | £18 | £9k |
| 31/12/2021 | £52k | £25k |
| 31/12/2020 | £172k | £233k |
Common questions
Is We Are Family Foundation UK financially healthy?
Per its FY2024 accounts: The accounts state that unrestricted reserves stood at £38,300, which is above the charity's stated policy target of maintaining between three and six months' expenditure (equivalent to £5,000). The filing confirms the charity is prepared on a going concern basis with adequate resources for the foreseeable future, and notes that no audit was required under the small companies regime. Its FY2024 accounts were independently examined.
Who funds We Are Family Foundation UK?
Funders whose own accounts filings name We Are Family Foundation UK as a grant recipient include THE VIRGIN FOUNDATION, THE VARKEY FOUNDATION.
Known funders
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| THE VIRGIN FOUNDATION | FY2024 | £75k | Two grants made to support the organisation’s mission of investing in youth-led innovation and accelerating intergenerational collaboration. The first £50,000 g |
| THE VARKEY FOUNDATION | FY2025 | £40k | Grant |