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THE GENERATIONAL FOUNDATION

Registered charity 1192397 · accounts filings on the Charity Commission register

Latest income
£1.4m
Latest spending
£992k
Registered
2020
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that the charity's work is entirely reliant on donations from two trustees, with total funds amounting to £1,006,681 at year-end. The charity has no employees and minimal overheads, resulting in a net income of £402,358 for the year. The trustees have not adopted a formal reserves policy due to the charity's significant unrestricted funds and minimal anticipated costs.

What the accounts disclose

Related-party transaction: Mr and Mrs Headley, trustees of the Charity, donated to the Charity in cash £1,000,000 on 25 January 2024 and £5,385 on 8 August 2024 to be used to develop the work of the Charity in accordance with its Trust Deed.
“Mr and Mrs Headley, trustees of the Charity, donated to the Charity in cash £1,000,000 on 25 January 2024 and £5,385 on 8 August 2024 to be used to develop the work of the Charity in accordance with its Trust Deed.” — page 21
Per its FY2024 accounts as filed with the Charity Commission.

Accounts audited by Haines Watts Wolverhampton Limited.

Structured financials (annual return, FY ending 31/12/2024)

Total income
£1.4m
Total spending
£992k
Reserves (reported)
£1.0m
Employees
0

Reported reserves equal ~12.2 months of spending — in the top quarter for charities its size (median 4.8 months; benchmarks).

Trustees

Trustee list from the Charity Commission register (current, not historical).

Operates in: Throughout England And Wales

Income and spending

Financial year endIncomeSpending
31/12/2024£1.4m£992k
31/12/2023£9k£415k
31/12/2022£1.0m£1.1m
31/12/2021£1.3m£120k

Common questions

Is THE GENERATIONAL FOUNDATION financially healthy?

The accounts state that the charity's work is entirely reliant on donations from two trustees, with total funds amounting to £1,006,681 at year-end. The charity has no employees and minimal overheads, resulting in a net income of £402,358 for the year. The trustees have not adopted a formal reserves policy due to the charity's significant unrestricted funds and minimal anticipated costs. Its FY2024 accounts were audited by Haines Watts Wolverhampton Limited.

Who funds THE GENERATIONAL FOUNDATION?

Funders whose own accounts filings name THE GENERATIONAL FOUNDATION as a grant recipient include THE GENERATIONAL FOUNDATION.

Shared trustees with funders

Register facts shown side by side: a person serves as trustee of both this charity and a funder whose accounts record grants to it. Shared trusteeship is lawful and common; well-run charities manage it through declared-interest procedures.

Known funders

Grants to this charity found in funders’ own accounts filings.

FunderYearAmount
THE GENERATIONAL FOUNDATIONFY2022£500k

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