TELLES FOUNDATION
Financial health, per its FY2022 accounts
The accounts state that the Charity held unrestricted reserves of $6,205,518 at year-end, recovering from a deficit in the prior year. Per the Trustees' report, all operational expenses are met under an arrangement with the Charity's funding partner, and the Board considers it has adequate resources to continue in operational existence for the foreseeable future.
What the accounts disclose
“However, the Charity's aim is to hold at least 6 months' worth of cash reserves to cover operational expenses at any one time.”
Structured financials (annual return, FY ending 31/12/2023)
Trustees
- CLAUDIO MONIZ BARRETTO GARCIAchair
- Christian Telles
- Fabrizzia Telles
- Giancarlo Chamma Matarazzo
- MARCEL HERRMANN TELLES
- MARINA ANGELA DE SA
- Max Telles
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £466k | £16.6m |
| 31/12/2023 | £37.8m | £20.2m |
| 31/12/2022 | £16.6m | £1.4m |
| 31/12/2021 | £2k | £22.6m |
| 31/12/2020 | £14.7m | £14.2m |
Common questions
Is TELLES FOUNDATION financially healthy?
The accounts state that the Charity held unrestricted reserves of $6,205,518 at year-end, recovering from a deficit in the prior year. Per the Trustees' report, all operational expenses are met under an arrangement with the Charity's funding partner, and the Board considers it has adequate resources to continue in operational existence for the foreseeable future. Its FY2022 accounts were audited by MHA Statutory Auditors.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| JEREMY COLLER FOUNDATION | 1 | £230k |
| THE REISNER CHARITABLE FOUNDATION LTD | 1 | £5k |