KOKO FOUNDATION
Financial health, per its FY2024 accounts
The accounts state that unrestricted reserves increased significantly to £120,431, recovering from a negative balance in the prior year, supported by a substantial increase in total income to £641,148. The trustees consider the charity to have adequate resources for the foreseeable future, noting that overheads are covered by a guaranteed annual sum from Hope Lease Ltd. Consequently, no reserves policy is currently deemed required.
What the accounts disclose
“The charity employed the services of a contractor in the role of CEO. The amount paid in the year for these services was £100,000” — page 18
“The trustees consider that no reserves policy is required at present as its overheads are covered by a guaranteed annual sum from Hope Lease Ltd.” — page 9
“Trustees made donations without restriction to KOKO Foundation of £50,000 in aggregate” — page 19
“One trustee purchased items at auction for total consideration of £13,000. These transactions were conducted at fair market value through the charity's normal auction process.” — page 19
“Trustees made donations without restriction to KOKO Foundation of £50,000 in aggregate” — page 19
“One trustee purchased items at auction for total consideration of £13,000. These transactions were conducted at fair market value through the charity's normal auction process.” — page 19
“After the year-end a matter was reported to the Charity Commission who confirmed no regulatory action was required. The associated costs of the settlement of this matter will be recognised in the accounts for the year ending 31 December 2025.” — page 9
Year-over-year changes
- Employees paid over £60,000: 0 (FY2023) → 1 (FY2024).
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- Amarjit Talwar MBEchair
- Jane Elizabeth Featherstone
- Julian Richard Henry Mylchreest
- Lara Stein
- Lord Edward Henry Butler Vaizey
- Oliver Bengough
- Susana Leith-Smith
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £641k | £518k |
| 31/12/2023 | £191k | £188k |
| 31/12/2022 | £63k | £68k |
Common questions
Is KOKO FOUNDATION financially healthy?
The accounts state that unrestricted reserves increased significantly to £120,431, recovering from a negative balance in the prior year, supported by a substantial increase in total income to £641,148. The trustees consider the charity to have adequate resources for the foreseeable future, noting that overheads are covered by a guaranteed annual sum from Hope Lease Ltd. Consequently, no reserves policy is currently deemed required. Its FY2024 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE TRESANTON TRUST | 1 | £731k |
| THE ADRIAN SWIRE CHARITABLE TRUST | 1 | £18k |
| THE NORTHWICK TRUST | 1 | £10k |
| THE OFENHEIM CHARITABLE TRUST | 1 | £5k |
| SCHRODER CHARITY TRUST | 1 | £4k |
| CHAPMAN CHARITABLE TRUST | 1 | £2k |