TRACEY EMIN FOUNDATION CIO
Financial health, per its FY2024 accounts
The accounts state that unrestricted reserves were £7,207 at the end of the financial year, which is significantly below the trustees' stated policy target of maintaining three to six months of expenditure. Despite this low unrestricted balance, the charity holds restricted funds of £2,449,211 and reports a net surplus for the year, with the auditor confirming no material uncertainties regarding its ability to continue as a going concern.
What the accounts disclose
“The number of employees whose annual remuneration was more than £60,000 is as follows: 2024 Number 1 £70,000 - £80,000” — page 22
“The number of employees whose annual remuneration was more than £60,000 is as follows: 2024 Number 1” — page 22
“It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure.” — page 8
“During the period a donation was made to the charity by a Trustee, T Emin, of £2,111,000. This has been classified under restricted funds.” — page 25
“The above amount is owed to a Trustee, T Emin, in respect of running costs of the school during the period.” — page 25
“During the period a donation was made to the charity by a Trustee, T Emin, of £2,111,000. This has been classified under restricted funds.” — page 25
“The above amount is owed to a Trustee, T Emin, in respect of running costs of the school during the period.” — page 25
“During the period a donation was made to the charity by a Trustee, T Emin, of £2,111,000. This has been classified under restricted funds.” — page 25
“The above amount is owed to a Trustee, T Emin, in respect of running costs of the school during the period.” — page 25
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- Tracey Karima Eminchair
- Carl Freedman
- Harry Weller
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £2.7m | £209k |
Common questions
Is TRACEY EMIN FOUNDATION CIO financially healthy?
The accounts state that unrestricted reserves were £7,207 at the end of the financial year, which is significantly below the trustees' stated policy target of maintaining three to six months of expenditure. Despite this low unrestricted balance, the charity holds restricted funds of £2,449,211 and reports a net surplus for the year, with the auditor confirming no material uncertainties regarding its ability to continue as a going concern. Its FY2024 accounts were audited by Blinkhorns.
What does the highest-paid employee of TRACEY EMIN FOUNDATION CIO earn?
Per its FY2024 accounts, the highest-paid employee was in the £70,000 - £80,000 band, and 1 employees earned over £60,000.