HG FOUNDATION
Latest income
£8.8m
Latest spending
£6.2m
Registered
2020
Accounts read
FY2023
Financial health, per its FY2023 accounts
The accounts state that the charity held unrestricted reserves of £6,943,212 at the year end, which the trustees consider sufficient to meet grant commitments for the following 12 months plus operational costs. The charity reported a net incoming resource of £3,789,451 for the year, derived solely from donations by its donor, HgCapital LLP.
What the accounts disclose
Reserves policy: sufficient funds available to meet grant commitments for the following 12 months plus operational costs (held: £6.9m)
“On this basis, the Finance Committee aims to ensure that there are sufficient funds available to meet grant commitments for the following 12 months plus operational costs.” — page 12
Per its FY2023 accounts as filed with the Charity Commission.
Related-party transaction: Donations from HgCapital LLP
“During the year ended 31 March 2023, the charity received donations of £6,490,799 (2022: £1,474,090) from HgCapital LLP. The charity is connected to HgCapital LLP through its trustees as follows: Trustees Anna Martina Sanow, Richard Earnshaw and Caroline Lofgren are employees of HgCapital LLP or its associated companies in Munich and New York. Gero Wittemann and Cornelius Becker (who resigned as trustees in September 2022) were also employed by HgCapital LLP. New trustees Robbie Citrino, Juan Campos and Genyi Zhao are also employees of HgCapital LLP. During the year, the charity incurred expenditure of £97,631 (2022: £Nil) representing a re-charge of wages and salaries to HgCapital LLP.” — page 30
Per its FY2023 accounts as filed with the Charity Commission.
Leadership, per the charity’s website
- James Turner — CEO
- Richard Donner — Chair
Structured financials (annual return, FY ending 31/03/2025)
Total income
£8.8m
Total spending
£6.2m
Reserves (reported)
£12.3m
Employees
0
Trustees
- Richard Philip Webber Donnerchair
- Anna Martina Sanow
- Benjamin James Maiden
- Elona Mortimer-Zhika
- Matthew Edward Brockman
- Quan Hue Gerville-Reache
- Robert Joseph Citrino IV
- Samantha Louise Birmingham
- Sir Kevan Arthur Collins
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £8.8m | £6.2m |
| 31/03/2024 | £6.8m | £4.0m |
| 31/03/2023 | £6.5m | £2.7m |
| 31/03/2022 | £1.5m | £2.2m |
| 31/03/2021 | £4.6m | £665k |
Common questions
Is HG FOUNDATION financially healthy?
The accounts state that the charity held unrestricted reserves of £6,943,212 at the year end, which the trustees consider sufficient to meet grant commitments for the following 12 months plus operational costs. The charity reported a net incoming resource of £3,789,451 for the year, derived solely from donations by its donor, HgCapital LLP. Its FY2023 accounts were audited by RPG Crouch Chapman LLP.