HOLLYHOCK CHARITABLE FOUNDATION
Financial health, per its FY2024 accounts
The accounts state that unrestricted reserves stood at £24,723,401 at the end of the financial year, with all funds being freely expendable. The trustees consider these reserves to be appropriate and adequate to cover planned grant-making commitments and budgeted expenditure for the next twelve months. Consequently, the trustees are satisfied that the charity can continue as a going concern despite its intention to wind down over the next four to five years.
What the accounts disclose
“During the year ended 31 December 2024 there were no related party transactions (2023: a donation of £172,000 was received from the brother of trustee. There were no conditions attached to the donation)” — page 23
Structured financials (annual return, FY ending 31/12/2023)
Trustees
- SIMON BROOKSchair
- Berta Burguera Arienza
- DR SIMON DAVID PECK
- Rupert William Elwes
- Simon Alexander Mark Jeffries
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £385k | £5.2m |
| 31/12/2023 | £3.9m | £5.7m |
| 31/12/2022 | £26.7m | £2.3m |
| 31/12/2021 | £3.9m | £2.7m |
| 31/12/2020 | £2.4m | £2.4m |
Common questions
Is HOLLYHOCK CHARITABLE FOUNDATION financially healthy?
The accounts state that unrestricted reserves stood at £24,723,401 at the end of the financial year, with all funds being freely expendable. The trustees consider these reserves to be appropriate and adequate to cover planned grant-making commitments and budgeted expenditure for the next twelve months. Consequently, the trustees are satisfied that the charity can continue as a going concern despite its intention to wind down over the next four to five years. Its FY2024 accounts were audited by Azets Audit Services Limited.