THE JIM RATCLIFFE FOUNDATION
Financial health, per its FY2021 accounts
The accounts state that the charity holds unrestricted reserves of £25,300,168 against total net assets of the same amount, supported by cash balances of £21,585,826. The trustees confirm the charity has limited core costs and liabilities, with the main expenditure relating to grants awarded to third-party organisations. The financial review notes that the main financial contributor is Sir Jim Ratcliffe, who has provided significant funding without the charity seeking other contributions.
What the accounts disclose
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- Jenifer Ellen Clifton
- Jonathan Ginns
- Simon Denys Morland
- Sir Andrew Likierman
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £771k | £20.1m |
| 31/12/2023 | £1.6m | £47k |
| 31/12/2022 | £607k | £2.2m |
| 31/12/2021 | £29.5m | £842k |
| 31/12/2020 | £4.5m | £8.1m |
Common questions
Is THE JIM RATCLIFFE FOUNDATION financially healthy?
The accounts state that the charity holds unrestricted reserves of £25,300,168 against total net assets of the same amount, supported by cash balances of £21,585,826. The trustees confirm the charity has limited core costs and liabilities, with the main expenditure relating to grants awarded to third-party organisations. The financial review notes that the main financial contributor is Sir Jim Ratcliffe, who has provided significant funding without the charity seeking other contributions. Its FY2021 accounts were audited by Azets Audit Services.