EAST HEAD IMPACT
Latest income
£1.1m
Latest spending
£901k
Registered
2021
Accounts read
FY2024
Financial health, per its FY2024 accounts
The accounts state that the charity holds total net assets of £24,445,073, comprising £23,600,183 in endowment funds and £844,890 in unrestricted funds. The trustees report a net income of £1,299,983 for the year, driven by investment gains and income, while expenditure on grants and support costs totaled £992,015. The trustees confirm the charity has adequate resources to continue in operational existence for the foreseeable future.
What the accounts disclose
Reserves policy: sufficient to cover uncalled capital commitments on investments, approved but unpaid grants, and budgeted grant making and operating costs on a rolling 12-month basis (held: £845k)
“It is the intention of the Trustees to hold cash and liquid investments sufficient to cover uncalled capital commitments on investments, approved but unpaid grants, and budgeted grant making and operating costs on a rolling 12-month basis.” — page 19
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Marc Boughton held an ownership interest in CVC Capital Partners plc, in which East Head Impact held ownership interests in investment funds managed by CVC during 2023.
“Throughout 2023, East Head Impact held ownership interests in three investment funds established and managed by CVC Capital Partners plc (CVC) and an associated CVC company. Marc Boughton held an ownership interest in CVC throughout 2023.” — page 39
“East Head Impact awarded a grant of £nil (2023: £2,250) to Premier Rugby Ltd for the purpose of co-funding Premiership Rugby’s award winning HITZ community programme. One of the funds managed by CVC and gifted to East Head Impact in 2021/2022 has an indirect ownership interest in Premier Rugby Ltd.” — page 39
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: East Head Impact awarded a grant of £2,250 to Premier Rugby Ltd in 2023, which has an indirect ownership interest via a fund gifted to the charity.
“Throughout 2023, East Head Impact held ownership interests in three investment funds established and managed by CVC Capital Partners plc (CVC) and an associated CVC company. Marc Boughton held an ownership interest in CVC throughout 2023.” — page 39
“East Head Impact awarded a grant of £nil (2023: £2,250) to Premier Rugby Ltd for the purpose of co-funding Premiership Rugby’s award winning HITZ community programme. One of the funds managed by CVC and gifted to East Head Impact in 2021/2022 has an indirect ownership interest in Premier Rugby Ltd.” — page 39
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: A Jonathan Sykes family member is a senior employee of Premiership Rugby, to which the charity awarded a grant of £2,250 in 2023.
“Throughout 2023, East Head Impact held ownership interests in three investment funds established and managed by CVC Capital Partners plc (CVC) and an associated CVC company. Marc Boughton held an ownership interest in CVC throughout 2023.” — page 39
“East Head Impact awarded a grant of £nil (2023: £2,250) to Premier Rugby Ltd for the purpose of co-funding Premiership Rugby’s award winning HITZ community programme. One of the funds managed by CVC and gifted to East Head Impact in 2021/2022 has an indirect ownership interest in Premier Rugby Ltd.” — page 39
Per its FY2024 accounts as filed with the Charity Commission.
Corporate structure
- Registered company of the charity Companies House 13669631
Leadership, per the charity’s website
- Marc Boughton — Chair
- Jonathan Sykes — Trustee
- Matthew Woods — Trustee
Structured financials (annual return, FY ending 31/12/2024)
Total income
£1.1m
Total spending
£901k
Reserves (reported)
£24.4m
Employees
0
Trustees
- Marc Boughtonchair
- JONATHAN HUGH SYKES
- MATTHEW JAMES WOODS
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £1.1m | £901k |
| 31/12/2023 | £1.3m | £531k |
| 31/12/2022 | £22.2m | £539k |
Common questions
Is EAST HEAD IMPACT financially healthy?
The accounts state that the charity holds total net assets of £24,445,073, comprising £23,600,183 in endowment funds and £844,890 in unrestricted funds. The trustees report a net income of £1,299,983 for the year, driven by investment gains and income, while expenditure on grants and support costs totaled £992,015. The trustees confirm the charity has adequate resources to continue in operational existence for the foreseeable future. Its FY2024 accounts were audited by Kreston Reeves LLP.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE JANET NASH CHARITABLE SETTLEMENT | 1 | £100k |
| The Dentons UK and Middle East LLP Charitable Trust | 1 | £2k |
| LEADERS IN COMMUNITY | 1 | £0 |