JERWOOD FOUNDATION
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net surplus of £32,310,047 for the year ended 31 December 2024, driven largely by a £30,063,154 donation received upon merger. Per the trustees' report, total funds amounted to £66,219,438, with free reserves of £1,932,022, which the trustees consider sufficient to meet future commitments and operational costs.
What the accounts disclose
“One Trustee, Lara Wardle, has been paid for their work as Executive Director employed by the charity. Total remuneration for the year can be found in note 12.” — page 28
“Rent totalling £8,400 (period ending December 2023: £6,300) was paid to a trustee and her husband for the use of their office space.” — page 33
“During the year, a purchase of £12,575 (2023: £11,179) was made on behalf of a trustee for health insurance. The full amount was repaid by the trustee and there was no outstanding amount at the prior year end.” — page 33
“Rent totalling £8,400 (period ending December 2023: £6,300) was paid to a trustee and her husband for the use of their office space.” — page 33
“During the year, a purchase of £12,575 (2023: £11,179) was made on behalf of a trustee for health insurance. The full amount was repaid by the trustee and there was no outstanding amount at the prior year end.” — page 33
Leadership, per the charity’s website
- Rupert Tyler — Chairman
- Lara Wardle — Executive Director
- Alan Grieve — Chairman Emeritus
Structured financials (annual return, FY ending 31/12/2024)
Register events
- Received assets from another charity (28/11/2024)
Trustees
- Rupert David Tylerchair
- Christopher William King
- Julia Wharton
- KATHARINE GOODISON
- Kathrin Kahrass Carmona e Costa
- Lara Wardle
- Lucy Amanda Ash
- Miranda Thompson-Schwab
- PHILIPPA VICTORIA CAMPBELL
- TARA LOUISE MAYHEW
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £31.6m | £2.7m |
| 31/12/2023 | £450k | £350k |
| 31/03/2023 | £34.1m | £659k |
Common questions
Is JERWOOD FOUNDATION financially healthy?
The accounts state that the charity reported a net surplus of £32,310,047 for the year ended 31 December 2024, driven largely by a £30,063,154 donation received upon merger. Per the trustees' report, total funds amounted to £66,219,438, with free reserves of £1,932,022, which the trustees consider sufficient to meet future commitments and operational costs. Its FY2024 accounts were audited by Ellacotts Audit Services Limited.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE FOYLE FOUNDATION | 1 | £798k |
| NESTA | 1 | £324k |
| THE MASTER CHARITABLE TRUST | 1 | £314k |
| JEREMY COLLER FOUNDATION | 1 | £230k |
| THE JOHN HEMINGWAY CHARITABLE TRUST | 1 | £107k |
| MANCHESTER CITY GALLERIES TRUST | 1 | £36k |
| THE SIR JOHN RITBLAT FAMILY FOUNDATION | 1 | £5k |
| THE MCCORQUODALE CHARITABLE TRUST | 1 | £4k |