SOCIETE GENERALE UK FOUNDATION
Financial health, per its FY2024 accounts
The accounts state that total funds stood at £6,180,865, with unrestricted reserves of £4,685,368. The trustees report that these free reserves are above the stated policy minimum of £1,859,000, which represents two years of operational spend. The filing confirms adequate resources to continue in operational existence with no material uncertainties.
What the accounts disclose
“The Foundation allows for a minimum of two years’ worth of operational spend to ensure that the charity can meet its commitments in the event of future income uncertainty. Under this policy the minimum level to be held is £1,859,000” — page 16
“director costs of £148,697 (2023: £135,739), which are paid for by SGLB and recharged to the Foundation.” — page 33
Structured financials (annual return, FY ending 31/12/2024)
Register events
- Received assets from another charity (09/08/2022)
Trustees
- John Edward Obermanchair
- Elise Suzanne Basmadjian Sabran
- Emma Steck
- Hannah Louise Mackenzie
- Jasvant Singh
- Louise Constance Redmond
- Srividhya Ratnam
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £1.1m | £887k |
| 31/12/2023 | £1.1m | £906k |
| 31/12/2022 | £928k | £1.1m |
Common questions
Is SOCIETE GENERALE UK FOUNDATION financially healthy?
The accounts state that total funds stood at £6,180,865, with unrestricted reserves of £4,685,368. The trustees report that these free reserves are above the stated policy minimum of £1,859,000, which represents two years of operational spend. The filing confirms adequate resources to continue in operational existence with no material uncertainties. Its FY2024 accounts were audited by HaysMac LLP.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| National Philanthropic Trust UK Limited | 1 | £14.8m |
| THE GENERATIONAL FOUNDATION | 1 | £500k |
| THE MASTER CHARITABLE TRUST | 1 | £323k |
| POWER TO CHANGE TRUST | 1 | £129k |
| THE MURIEL AND GERSHON COREN CHARITABLE FOUNDATION | 1 | £80k |
| B K CHARITABLE TRUST | 1 | £72k |
| BACK ON THE MAP LIMITED | 1 | £53k |
| THE JMCMRJ SORRELL FOUNDATION | 1 | £50k |