HQR LONDON CHARITABLE FOUNDATION
Financial health, per its FY2023 accounts
The accounts state that total funds stood at £150,539, comprising £1,000 in unrestricted funds and £149,539 in restricted designated funds. The charity holds no reserves, as its policy is to pay out all raised funds as grants, with overheads covered by trustees' firms. The trustees confirm adequate resources for going concern, noting no debt and a surplus for the year.
What the accounts disclose
“It is the charity’s policy not to hold reserves.” — page 5
Trustees
- ANDREW CRISPIN
- CHRISTOPHER BUTLER
- DARREN SIZE
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/10/2024 | £351k | £497k |
| 31/10/2023 | £329k | £191k |
| 31/10/2022 | £285k | £276k |
| 31/10/2021 | £0 | £630 |
| 31/10/2020 | £3k | £2k |
Common questions
Is HQR LONDON CHARITABLE FOUNDATION financially healthy?
The accounts state that total funds stood at £150,539, comprising £1,000 in unrestricted funds and £149,539 in restricted designated funds. The charity holds no reserves, as its policy is to pay out all raised funds as grants, with overheads covered by trustees' firms. The trustees confirm adequate resources for going concern, noting no debt and a surplus for the year. Its FY2023 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| NNS FOUNDATION | 1 | £126k |
| THE WESTMINSTER FOUNDATION | 1 | £66k |
| THE SYNCONA FOUNDATION | 1 | £17k |
| THE ADRIAN SWIRE CHARITABLE TRUST | 1 | £15k |
| WATES FAMILY ENTERPRISE TRUST | 1 | £5k |