CLEAN AIR FUND
Financial health, per its FY2024 accounts
The accounts state that total income reached $42.1m, a 24% increase from the prior year, while total expenditure was $36.1m, resulting in a net surplus of $6.0m. The charity holds total unrestricted reserves of $11.3m, with core reserves of $3.1m representing approximately five months of unrestricted operating costs, which is within the stated policy target of four to six months. The Trustees confirm that the organization has adequate financial resources to continue operating, citing strong cash balances and secured multi-year funding contracts until 2026.
What the accounts disclose
“$281k to $293k (£221k to £230k) 1”
“There were 32 employees (2023:17) whose emoluments amounted to over $77,000 (£60,000) per annum or more (excluding benefits) during the year” — page 55
“The Trustees aim to maintain free reserves in unrestricted funds at a level which equates to between four to six months of unrestricted operational costs.”
“Stelios Kyriakakis (Trustee, appointed 08/08/2023) holds the position of Chief Operating Officer at IKEA Foundation. During the year CAF received $10,000,000 from the IKEA Foundation in respect of a grant for 2024, awarded in 2022 for a four year period. The trustee did not receive remuneration in his capacity as a Trustee.”
“In respect of Clean Air Fund’s subsidiary, Clean Air Fund India Private Limited (CAFIPL), intercompany transactions totalling $1,049,371 were incurred. There was a year end creditor of $159,002 in the Charity’s accounts.”
“Stelios Kyriakakis (Trustee, appointed 08/08/2023) holds the position of Chief Operating Officer at IKEA Foundation. During the year CAF received $10,000,000 from the IKEA Foundation in respect of a grant for 2024, awarded in 2022 for a four year period. The trustee did not receive remuneration in his capacity as a Trustee.”
“In respect of Clean Air Fund’s subsidiary, Clean Air Fund India Private Limited (CAFIPL), intercompany transactions totalling $1,049,371 were incurred. There was a year end creditor of $159,002 in the Charity’s accounts.”
“Clean Air Fund has a wholly-owned trading subsidiary undertaking, Clean Air Fund India Private Limited (CAFIPL), a company incorporated and registered in India” — page 56
Year-over-year changes
- Employees paid over £60,000: 17 (FY2023) → 32 (FY2024).
- Reserves position vs the charity's own policy moved from "above" (FY2023) to "within" (FY2024).
Leadership, per the charity’s website
- Jane Burston OBE — CEO
- Sietske van der Ploeg — Chief Impact Officer
- Venetia Bell — Chief Operating Officer
- Cecilia Vaca Jones — Executive Director of Breathe Cities
- Maria‑Krystyna Duval — Executive Director for Europe
- Sean Maguire — Executive Director, Strategic Partnerships
- Shirish Sinha — Executive Director of Programmes
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- Katherine Lucy Garrett-Coxchair
- Gunjan Shah
- Milenna Nikolova
- Sellah Bogonko
- Stelios Kyriakakis
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £32.9m | £28.2m |
| 31/12/2023 | £27.2m | £21.4m |
| 31/12/2022 | £12.2m | £14.9m |
| 31/12/2021 | £13.0m | £8.6m |
| 31/12/2020 | £8.5m | £5.6m |
Common questions
Is CLEAN AIR FUND financially healthy?
The accounts state that total income reached $42.1m, a 24% increase from the prior year, while total expenditure was $36.1m, resulting in a net surplus of $6.0m. The charity holds total unrestricted reserves of $11.3m, with core reserves of $3.1m representing approximately five months of unrestricted operating costs, which is within the stated policy target of four to six months. The Trustees confirm that the organization has adequate financial resources to continue operating, citing strong cash balances and secured multi-year funding contracts until 2026. Its FY2024 accounts were audited by Crowe U.K. LLP.
What does the highest-paid employee of CLEAN AIR FUND earn?
Per its FY2024 accounts, the highest-paid employee was in the £221,001 - £230,000 band, and 32 employees earned over £60,000.
Who funds CLEAN AIR FUND?
Funders whose own accounts filings name CLEAN AIR FUND as a grant recipient include UK COMMUNITY FOUNDATIONS, THE CHILDREN'S INVESTMENT FUND FOUNDATION (UK), FIA FOUNDATION, QUADRATURE CLIMATE FOUNDATION.
Known funders
| Funder | Year | Amount |
|---|---|---|
| UK COMMUNITY FOUNDATIONS | FY2024 | £5.6m |
| THE CHILDREN'S INVESTMENT FUND FOUNDATION (UK) | FY2022 | £4.4m |
| UK COMMUNITY FOUNDATIONS | FY2025 | £3.2m |
| FIA FOUNDATION | FY2024 | £490k |
| FIA FOUNDATION | FY2025 | £475k |
| FIA FOUNDATION | FY2023 | £232k |
| QUADRATURE CLIMATE FOUNDATION | FY2024 | £0 |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| GUY'S AND ST THOMAS' FOUNDATION | 1 | £872k |
| BRIDGE HOUSE ESTATES | 1 | £695k |
| THE FIDELITY UK FOUNDATION | 1 | £419k |
| THE MICHAEL COWAN FOUNDATION | 1 | £150k |
| THE INDIGO TRUST | 1 | £150k |
| JOHN ELLERMAN FOUNDATION | 1 | £120k |
| THE PEARS FAMILY CHARITABLE FOUNDATION | 1 | £110k |
| KUSUMA TRUST UK | 1 | £100k |