THE SPECTRIS FOUNDATION
Financial health, per its FY2024 accounts
The accounts state that unrestricted undesignated reserves were £690,497, which the trustees consider sufficient to meet their policy requirement of holding three months' operating costs. The charity holds significant expendable endowment funds of £16,103,666, providing substantial liquid resources to support future charitable activities and operational stability.
What the accounts disclose
“The trustees reviewed the charity’s reserves policy and concluded that the Foundation should hold no more than 3 months’ operating costs, committed grant payments and future agreed grant making.” — page 14
“Donations of £1,979,819 (2023: £149,321) were received from Spectris plc during the period. In addition donated facilities and services worth £7,651 (2023: £8,935) were provided by Spectris plc and its employees.” — page 30
Leadership, per the charity’s website
- Andrew Heath — Chair
- Rebecca Levy — Foundation Director
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- Andrew James Heathchair
- Amit Agarwal
- Angela Margaret Noon
- Ben Bryson
- Karen Usher
- Laura Hughes-Onslow
- Leke Oluwole
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £2.4m | £1.1m |
| 31/12/2023 | £493k | £1.0m |
| 31/12/2022 | £15.3m | £750k |
Common questions
Is THE SPECTRIS FOUNDATION financially healthy?
The accounts state that unrestricted undesignated reserves were £690,497, which the trustees consider sufficient to meet their policy requirement of holding three months' operating costs. The charity holds significant expendable endowment funds of £16,103,666, providing substantial liquid resources to support future charitable activities and operational stability. Its FY2024 accounts were audited by Sayer Vincent LLP.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE YOUTH ENDOWMENT FUND CHARITABLE TRUST | 1 | £2.2m |
| IMPETUS - THE PRIVATE EQUITY FOUNDATION | 1 | £674k |
| THE APAX FOUNDATION | 1 | £81k |
| KUSUMA TRUST UK | 1 | £77k |
| CORAM LIFE EDUCATION | 1 | £22k |