THE ALTRO FOUNDATION LIMITED
Financial health, per its FY2022 accounts
The accounts state that unrestricted reserves decreased from £309k to £254k as charitable expenditure of £124k exceeded donation income of £70k. The trustees consider the current free reserves of £254k to exceed their stated policy target of maintaining three to six months of expenditure. The trustees confirm adequate resources exist to continue operations for the foreseeable future.
What the accounts disclose
“It is the policy of the Foundation that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure.” — page 4
“Mr R J Kahn is a director of Altro Limited which made donations to the Foundation of £69,776 (2021: £141,953). - 11 -” — page 14
Trustees
- RICHARD KAHNchair
- ANNA SORREL KYDD
- Dr GEORDAN SHANNON
- SARAH DE LOS RIOS
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £109k | £167k |
| 31/12/2023 | £0 | £162k |
| 31/12/2022 | £70k | £124k |
| 31/12/2021 | £142k | £126k |
| 31/12/2020 | £174k | £108k |
Common questions
Is THE ALTRO FOUNDATION LIMITED financially healthy?
The accounts state that unrestricted reserves decreased from £309k to £254k as charitable expenditure of £124k exceeded donation income of £70k. The trustees consider the current free reserves of £254k to exceed their stated policy target of maintaining three to six months of expenditure. The trustees confirm adequate resources exist to continue operations for the foreseeable future. Its FY2022 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| BELRON RONNIE LUBNER CHARITABLE FOUNDATION | 1 | £175k |
| CHK Foundation | 1 | £150k |
| Mercer Family Charitable Foundation | 1 | £25k |
| THE LOWER GREEN FOUNDATION | 1 | £22k |
| THE JIGSAW NETWORK C.I.O. | 1 | £10k |
| THE DANSON FOUNDATION | 1 | £1k |