THE FYRISH FOUNDATION
Latest income
£2.0m
Latest spending
£1.6m
Registered
2016
Accounts read
FY2023
Financial health, per its FY2023 accounts
The accounts state that the charity held unrestricted reserves of £60,406,406 at the end of the financial year, representing a significant increase from the previous year. The trustees confirm that the charity has sufficient resources to continue as a going concern, with a healthy net assets position supported by an investment portfolio valued at £30,818,293 and cash balances of £27,350,336.
What the accounts disclose
Reserves policy: sufficient reserves to meet all operating costs and to award grants (held: £60.4m)
“The Trustees ensure that the Foundation has sufficient reserves to meet all operating costs and to award grants in the furtherance of its objectives. The reserves requirement is reviewed on a regular basis.” — page 7
Per its FY2023 accounts as filed with the Charity Commission.
Payments to trustees: Calum Mitchell received £72,498 in consultancy fees for acting as secretary. No trustees received remuneration.
“None of the Trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year (2022 £Nil). Calum Mitchell (trading as CMA) received £72,498 in consultancy fees for acting as secretary during the year (2022 £49,100).” — page 24
Per its FY2023 accounts as filed with the Charity Commission.
Related-party transaction: Investment management fees paid to Kiltearn Partners LLP, where Trustee Murdoch Murchison is a partner.
“The Foundation incurred investment management fees relating to this investment which are deducted from the funds and paid to Kiltearn Partners LLP. These fees are based on Kiltearn Partners LLP’s standard fee scale.” — page 8
“Azets provides financial and accounting services to the Foundation. During the year ended 31 December 2023 one of the Foundation’s Trustees, Gareth Magee, was employed by Azets.” — page 8
Per its FY2023 accounts as filed with the Charity Commission.
Related-party transaction: Financial and accounting services provided by Azets, where Trustee Gareth Magee is employed.
“The Foundation incurred investment management fees relating to this investment which are deducted from the funds and paid to Kiltearn Partners LLP. These fees are based on Kiltearn Partners LLP’s standard fee scale.” — page 8
“Azets provides financial and accounting services to the Foundation. During the year ended 31 December 2023 one of the Foundation’s Trustees, Gareth Magee, was employed by Azets.” — page 8
Per its FY2023 accounts as filed with the Charity Commission.
Related-party transaction: Legal advice provided by Brodies LLP, where Trustee Duncan MacLean is a partner.
“The Foundation incurred investment management fees relating to this investment which are deducted from the funds and paid to Kiltearn Partners LLP. These fees are based on Kiltearn Partners LLP’s standard fee scale.” — page 8
“Azets provides financial and accounting services to the Foundation. During the year ended 31 December 2023 one of the Foundation’s Trustees, Gareth Magee, was employed by Azets.” — page 8
Per its FY2023 accounts as filed with the Charity Commission.
Structured financials (annual return, FY ending 31/12/2024)
Total income
£2.0m
Total spending
£1.6m
Reserves (reported)
£61.7m
Employees
0
Trustees
- MURDO MURCHISONchair
- DUNCAN MACLEAN
- GARETH MAGEE
- Professor Patricia McCulloch
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £2.0m | £1.6m |
| 31/12/2023 | £4.5m | £2.9m |
| 31/12/2022 | £7.0m | £1.9m |
| 31/12/2021 | £738k | £1.5m |
| 31/12/2020 | £7.7m | £787k |
Common questions
Is THE FYRISH FOUNDATION financially healthy?
The accounts state that the charity held unrestricted reserves of £60,406,406 at the end of the financial year, representing a significant increase from the previous year. The trustees confirm that the charity has sufficient resources to continue as a going concern, with a healthy net assets position supported by an investment portfolio valued at £30,818,293 and cash balances of £27,350,336. Its FY2023 accounts were audited by BDO LLP.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| UNITED TALMUDICAL ASSOCIATES LTD | 1 | £512k |
| THE MASTER CHARITABLE TRUST | 1 | £323k |
| THE MELOW CHARITABLE TRUST | 1 | £239k |
| CROWNHOST LIMITED | 1 | £85k |
| ZICHRON MEIR LIMITED | 1 | £40k |
| GEFEN FOUNDATION | 1 | £32k |
| MELCREN LIMITED | 1 | £23k |
| STARVIEW CHARITY | 1 | £22k |