FORD FAMILY FOUNDATION
Financial health, per its FY2024 accounts
The accounts state that unrestricted reserves stood at £2,729,455, a decrease from the previous year's £3,134,263, following a net expenditure of £404,808. The trustees' policy is to distribute income after expenses while retaining a small cash proportion for urgent needs, a target which the current reserves appear to satisfy. The charity reported no material uncertainties regarding its ability to continue as a going concern.
What the accounts disclose
“The trustees’ policy is to distribute any income arising in the Foundation, after allowing for operating expenses, but to retain a small proportion of income in reserve as cash to meet urgent needs in advance of expected receipts.” — page 10
“Tony Ford generously gifted his shares in Real Direction Ltd to the Foundation, enabling the organisation to be formally brought into the Foundation’s investment portfolio.” — page 5
Structured financials (annual return, FY ending 31/12/2022)
Trustees
- Anthony John Fordchair
- David Andrew Gardner FCA
- Gemma Louise Burgess
- Iain Andrew Aitken
- Sir Jake Berry
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £167k | £572k |
| 31/12/2023 | £8k | £119k |
| 31/12/2022 | £1.7m | £310k |
| 31/12/2021 | £46k | £2k |
| 31/12/2020 | £19k | £2k |
Common questions
Is FORD FAMILY FOUNDATION financially healthy?
The accounts state that unrestricted reserves stood at £2,729,455, a decrease from the previous year's £3,134,263, following a net expenditure of £404,808. The trustees' policy is to distribute income after expenses while retaining a small cash proportion for urgent needs, a target which the current reserves appear to satisfy. The charity reported no material uncertainties regarding its ability to continue as a going concern. Its FY2024 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE SIMON & ELIZABETH BATEY CHARITABLE TRUST | 1 | £22k |
| THE WO STREET CHARITABLE FOUNDATION | 1 | £20k |
| Boodles Charitable Trust | 1 | £10k |
| THE SWALLOW TRUST | 1 | £10k |
| MUSLIM COMMUNITY & EDUCATION CENTRE (MCEC) | 1 | £5k |