THE HINCHINGBROOKE FOUNDATION
Financial health, per its FY2024 accounts
The accounts state that the charity holds unrestricted reserves of £640,791, which exceeds its stated policy target of maintaining only enough reserves to repay a £14,200 deferred grant. The charity reported a net incoming resource of £779,799 for the year, driven by investment gains, and the auditor confirmed there are no material uncertainties regarding its ability to continue as a going concern.
What the accounts disclose
“As such it is not the intention to accumulate a level of reserves other than to ensure the ability to repay the £14,200 repayment to the deferred grant account” — page 6
“During the year Foundation paid grants of £105,672 (2022: £98,372) to ACES Academies Trust. There are trustees in common to both organisations. ACES Academies Trust also occupies property owned by The Hinchingbrooke Foundation on a rent free basis.” — page 25
Register events
- Received assets from another charity (13/10/2021)
Trustees
- ALAN BUTLER
- Andrew Hunter
- JOHN CHARLES LEAVER
- MARTIN BERNARD JOYNER
- Matthew Pinder
- Nicholas Morley
- Paul Michael Sadler
- Philip John Cox
- Thomas Richard Wheeley
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2026 | £313k | £300k |
| 31/03/2025 | £309k | £283k |
| 31/03/2024 | £302k | £348k |
| 31/03/2023 | £297k | £271k |
| 31/03/2022 | £291k | £258k |
Common questions
Is THE HINCHINGBROOKE FOUNDATION financially healthy?
The accounts state that the charity holds unrestricted reserves of £640,791, which exceeds its stated policy target of maintaining only enough reserves to repay a £14,200 deferred grant. The charity reported a net incoming resource of £779,799 for the year, driven by investment gains, and the auditor confirmed there are no material uncertainties regarding its ability to continue as a going concern. Its FY2024 accounts were audited by Azets Audit Services.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE AMATEURS TRUST | 1 | £90k |
| THE 3 TS CHARITABLE TRUST | 1 | £10k |
| THE GREAT SHELFORD VILLAGE CHARITY | 1 | £5k |
| THE BATCHWORTH TRUST | 1 | £5k |
| FARRER AND CO CHARITABLE TRUST | 1 | £4k |