THE HORIZON FOUNDATION
Latest income
£459k
Latest spending
£574k
Registered
2016
Accounts read
FY2024
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net deficit of £102,794 for the year ended 31 July 2024, resulting in free unrestricted reserves of £437,041. The trustees confirm that reserves represent approximately eight months of budgeted costs, which is below their stated policy target of six months of costs in reserve.
What the accounts disclose
Reserves policy: six months of costs in reserve (held: £437k)
“In terms of the staff and other operating costs of the Foundation, it is the Trustees' policy to hold six months of costs in reserve.”
Per its FY2024 accounts as filed with the Charity Commission.
Structured financials (annual return, FY ending 31/07/2024)
Total income
£598k
Total spending
£701k
Reserves (reported)
£437k
Employees
2
Register events
- Received assets from another charity (21/02/2023)
Trustees
- PATRICK LANCE SMULDERSchair
- Clair Buckingham
- Ondine Smulders
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/07/2025 | £459k | £574k |
| 31/07/2024 | £598k | £701k |
| 31/07/2023 | £776k | £792k |
| 31/07/2022 | £774k | £844k |
| 31/07/2021 | £606k | £709k |
Common questions
Is THE HORIZON FOUNDATION financially healthy?
The accounts state that the charity reported a net deficit of £102,794 for the year ended 31 July 2024, resulting in free unrestricted reserves of £437,041. The trustees confirm that reserves represent approximately eight months of budgeted costs, which is below their stated policy target of six months of costs in reserve. Its FY2024 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| MONA HATOUM FOUNDATION | 1 | £4k |