THE TIM BACON FOUNDATION
Financial health, per its FY2024 accounts
The accounts state that the charity maintained a robust cash position with £145,050 in cash at bank and in hand at the year-end, resulting in total unrestricted funds of £134,186. This actual reserve level is above the trustees' stated policy target of £30,000. The filing confirms there are no material uncertainties regarding the charity's ability to continue as a going concern.
What the accounts disclose
“The trustees aim to maintain designated reserves within unrestricted funds at £30,000.” — page 4
Structured financials (annual return, FY ending 31/03/2023)
Trustees
- JEREMY KEVIN ROBERTSchair
- DAVID ALAN MANSBRIDGE
- Julian Michael Ross
- Louise Kemp
- Lucy Noone Blake
- MICHELLE GANDY
- Peter Charles Martin
- THOM HETHERINGTON
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £118k | £87k |
| 31/03/2024 | £49k | £54k |
| 31/03/2023 | £558k | £577k |
| 31/03/2022 | £82k | £48k |
| 31/03/2021 | £14k | £109k |
Common questions
Is THE TIM BACON FOUNDATION financially healthy?
The accounts state that the charity maintained a robust cash position with £145,050 in cash at bank and in hand at the year-end, resulting in total unrestricted funds of £134,186. This actual reserve level is above the trustees' stated policy target of £30,000. The filing confirms there are no material uncertainties regarding the charity's ability to continue as a going concern. Its FY2024 accounts were independently examined.