UGGLA FAMILY FOUNDATION
Financial health, per its FY2024 accounts
The accounts state that the charity holds total unrestricted and endowment funds of approximately £41.6 million, with the majority held in an endowment fund managed for long-term growth. The trustees report that the charity does not have a reserves policy because running costs are low and controllable, and a family member has committed to providing additional funding to cover upcoming commitments. The independent auditors issued a qualified opinion due to an inability to verify the valuation of fixed asset investments, but confirmed the going concern basis is appropriate.
What the accounts disclose
“We have been unable to satisfy ourselves as to the market value or potential impairment of fixed asset investments which are held on the balance sheet with a value of $4,116,190. The investments are in unlisted shares and there was insufficient readily available evidence to form a judgment on whether the valuation provided by investment managers was reliable.” — page 11
“The Trustee, W Meldrum, is paid by the Charity to provide services to the charity. The services provided are investment advice, grant administration, finance, and mentoring to the scholarship students. W Meldrum was paid $108,374 for these services provided in the year ended 31 December 2024 (2023: $152,296).” — page 22
“The Trustee, W Meldrum, is paid by the Charity to provide services to the charity. The services provided are investment advice, grant administration, finance, and mentoring to the scholarship students. W Meldrum was paid $108,374 for these services provided in the year ended 31 December 2024 (2023: $152,296). There were no other trustees' remuneration or other benefits for the year ended 31 December 2024 nor for the period ended 31 December 2023.” — page 22
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- Lance Darrell Gordon Uggla MAchair
- Andrew William Crawford Meldrum
- Elizabeth C Uggla
- Kendall Louise Uggla
- Roslyn Taylor
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £900k | £201k |
| 31/12/2023 | £2.9m | £758k |
| 31/12/2022 | £1.4m | £1.3m |
Common questions
Is UGGLA FAMILY FOUNDATION financially healthy?
The accounts state that the charity holds total unrestricted and endowment funds of approximately £41.6 million, with the majority held in an endowment fund managed for long-term growth. The trustees report that the charity does not have a reserves policy because running costs are low and controllable, and a family member has committed to providing additional funding to cover upcoming commitments. The independent auditors issued a qualified opinion due to an inability to verify the valuation of fixed asset investments, but confirmed the going concern basis is appropriate. Its FY2024 accounts were audited by Sumer Auditco Limited.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| JEREMY COLLER FOUNDATION | 1 | £230k |
| FRIENDS OF ACHIEZER ARAD | 1 | £41k |