FOUNDATION HOME
The Foundation acts as a donor advised fund, and a corporate trustee of almshouse charities.
Objects
OBJECTS THE OBJECTS OF THE CIO ARE SUCH OBJECTS AND PURPOSES IN ANY PART OF THE WORLD AS ARE EXCLUSIVELY CHARITABLE IN ACCORDANCE WITH THE LAWS OF ENGLAND AND WALES SUBJECT TO CLAUSE 3.2. NOTHING IN THIS CONSTITUTION SHALL AUTHORISE AN APPLICATION OF THE PROPERTY OF THE CIO FOR THE PURPOSES WHICH ARE NOT CHARITABLE IN ACCORDANCE WITH SECTION 7 OF THE CHARITIES AND TRUSTEE INVESTMENT (SCOTLAND) ACT 2005) AND SECTION 2 OF THE CHARITIES ACT (NORTHERN IRELAND) 2008.
Financial health, per its FY2024 accounts
The accounts state that unrestricted funds increased significantly to £47,040 from £124 in the prior year, driven by donations of £52,989. The charity incurred total expenditure of £6,104, primarily consisting of in-kind support costs, and made grants totaling £2,500. The trustees report no material uncertainties regarding the charity's ability to continue as a going concern.
What the accounts disclose
“No commitments are entered into which are not fully covered by known incoming resources so the trustees do not target a particular level of reserve.” — page 5
“Aggregate donations from related parties were £24,828 (2023 Enil). There are no donations from related parties which are outside the normal course of business and no restricted donations from related parties.” — page 14
Policies the charity declares
- Complaints handling
- Conflicting interests
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Investment
- Paying staff
- Risk management
- Safeguarding vulnerable beneficiaries
- Serious incident reporting policy and procedures
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
- Volunteer management
Register events
- Received assets from another charity (06/06/2024)
Trustees
- Jon Sopherchair
- Dom Hawes
- Laurent van Bekkum
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £53k | £6k |
| 31/12/2023 | £8k | £8k |
| 31/12/2022 | £2k | £2k |
Common questions
Is FOUNDATION HOME financially healthy?
Per its FY2024 accounts: The accounts state that unrestricted funds increased significantly to £47,040 from £124 in the prior year, driven by donations of £52,989. The charity incurred total expenditure of £6,104, primarily consisting of in-kind support costs, and made grants totaling £2,500. The trustees report no material uncertainties regarding the charity's ability to continue as a going concern. Its FY2024 accounts were independently examined.