THE CORCORAN FOUNDATION
Financial health, per its FY2023 accounts
The accounts state that unrestricted reserves stood at £6,653,613, which the Trustees consider adequate to cover budgeted expenditure and future grant plans. The organization reported a net loss on investment assets of £788,766, resulting in a net movement in funds of £366,946 for the year. The Trustees confirmed that no material uncertainties exist regarding the charity's ability to continue as a going concern.
What the accounts disclose
Trustees
- JAMES BERNARD CORCORAN
- OLIVER HENRY JAMES CORCORAN
- VICTORIA CORCORAN
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £188k | £1.1m |
| 31/12/2023 | £185k | £227k |
| 31/12/2022 | £176k | £223k |
| 31/12/2021 | £148k | £92k |
| 31/12/2020 | £152k | £69k |
Common questions
Is THE CORCORAN FOUNDATION financially healthy?
The accounts state that unrestricted reserves stood at £6,653,613, which the Trustees consider adequate to cover budgeted expenditure and future grant plans. The organization reported a net loss on investment assets of £788,766, resulting in a net movement in funds of £366,946 for the year. The Trustees confirmed that no material uncertainties exist regarding the charity's ability to continue as a going concern. Its FY2023 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| UNSEEN (UK) | 1 | £10k |
| HABITAT FOR HUMANITY GREAT BRITAIN | 1 | £3k |