THE CLEARY FOUNDATION
Providing grants and financial support to charities for educational and environmental purposes
Financial health, per its FY2025 accounts
The accounts state that the charity holds unrestricted reserves of £1,038,310 against total funds of £1,176,597. The trustees consider the preparation of financial statements on a going concern basis to be appropriate, noting that the charity has built resilience into its investment strategy to withstand short-term fluctuations. No staff costs were incurred, and the charity reported a net income increase of £50,005 for the year.
What the accounts disclose
“There is a loan agreement in place between the Cleary Foundation CIO and The Bay Trust. During the period, £95,000 (2024: £25,000) was advanced and £23,994 (2023: £19,500) was repaid to the Cleary Foundation CIO. Interest of £48,504 (2024: £27,167) has been charged in the period. At the balance sheet date, the amount due to the CIO by The Bay Trust was £994,510 (2024: £878,314).”
Register events
- Received assets from another charity (19/05/2021)
Trustees
- DAVID HANNENTchair
- ALISTAIR THOMAS FREDERICK GOULD BSC MRICS
- CHARLES PHILIP BICKER
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £49k | £14k |
| 31/03/2024 | £41k | £9k |
| 31/03/2023 | £29k | £32k |
| 31/03/2022 | £29k | £37k |
| 31/03/2021 | £27k | £29k |
Common questions
Is THE CLEARY FOUNDATION financially healthy?
Per its FY2025 accounts: The accounts state that the charity holds unrestricted reserves of £1,038,310 against total funds of £1,176,597. The trustees consider the preparation of financial statements on a going concern basis to be appropriate, noting that the charity has built resilience into its investment strategy to withstand short-term fluctuations. No staff costs were incurred, and the charity reported a net income increase of £50,005 for the year. Its FY2025 accounts were independently examined.