COLNAGHI FOUNDATION
Financial health, per its FY2023 accounts
The accounts state that the charity reported a net movement in funds of negative £15,266, resulting in total unrestricted funds carried forward of negative £43,647. The trustees acknowledge the charity aims to be self-sustainable within the next two years and note that it is supported financially by Colnaghi Holding Ltd. Despite the deficit, the trustees maintain a going concern basis, expressing a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future.
What the accounts disclose
“The charity's reserves policy is to create sufficient reserves to enable the charity to continue its activities and services as a meaningful level, should there be a drop in income.” — page 6
Trustees
- Anna Rosettenstein
- Zanete Bukarte
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £133k | £138k |
| 31/12/2023 | £91k | £107k |
| 31/12/2022 | £341k | £75k |
| 31/12/2021 | £16k | £233k |
| 31/12/2020 | £233k | £240k |
Common questions
Is COLNAGHI FOUNDATION financially healthy?
The accounts state that the charity reported a net movement in funds of negative £15,266, resulting in total unrestricted funds carried forward of negative £43,647. The trustees acknowledge the charity aims to be self-sustainable within the next two years and note that it is supported financially by Colnaghi Holding Ltd. Despite the deficit, the trustees maintain a going concern basis, expressing a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Its FY2023 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE MASTER CHARITABLE TRUST | 2 | £5.6m |
| THE NGT FOUNDATION | 1 | £6.7m |
| HUO FAMILY FOUNDATION (UK) LIMITED | 1 | £2.3m |
| THE ROTHSCHILD FOUNDATION | 1 | £980k |
| THE FOYLE FOUNDATION | 1 | £798k |
| NESTA | 1 | £324k |
| JEREMY COLLER FOUNDATION | 1 | £230k |
| S P LOHIA FOUNDATION | 1 | £90k |