THE HEARTH FOUNDATION
Financial health, per its FY2024 accounts
The accounts state that unrestricted funds increased to £2,948,719, driven by investment income and net gains on investments. The charity maintains a reserves policy to keep unrestricted funds at a high level to cover operating costs on its freehold investment properties. No staff costs were incurred, and trustee remuneration or expenses were nil for the year.
What the accounts disclose
“It is the policy of the charity to maintain unrestricted funds, which are the free funds of the charity, at a relatively high level in order to provide sufficient funds to cover operating costs on the freehold investment properties.” — page 3
Trustees
- MICHAEL BOSWORTH FCAchair
- CHRIS BOSWORTH
- DR S BOSWORTH
- MRS H E BOSWORTH
- MRS J BOSWORTH
- MRS V M BOSWORTH M.ENG MBA
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 05/04/2025 | £133k | £184k |
| 05/04/2024 | £140k | £110k |
| 05/04/2023 | £121k | £153k |
| 05/04/2022 | £154k | £196k |
| 05/04/2021 | £116k | £115k |
Common questions
Is THE HEARTH FOUNDATION financially healthy?
The accounts state that unrestricted funds increased to £2,948,719, driven by investment income and net gains on investments. The charity maintains a reserves policy to keep unrestricted funds at a high level to cover operating costs on its freehold investment properties. No staff costs were incurred, and trustee remuneration or expenses were nil for the year. Its FY2024 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE REISNER CHARITABLE FOUNDATION LTD | 1 | £5k |