TUCO FOUNDATION CIO

Registered charity 1206611 · accounts filings on the Charity Commission register

The objects of the Foundation are for the public benefit:3.1 to advance education in such ways as the charity trustees think fit, in particular but not limited to the promotion and provision of training in catering and hospitality; and

Causes: General Charitable Purposes · Education/training · Other Charitable Purposes · Grant history (this charity is a funder) · website · Get email alerts

Latest income
£1.6m
Latest spending
£848k
Registered
2024
Accounts read
FY2025

Financial health, per its FY2025 accounts

The accounts state that the charity generated a surplus of £726,935 for the period, resulting in unrestricted reserves of the same amount. The trustees consider this level of reserves to be sufficient to meet their policy target of maintaining at least six months of running costs. The auditors confirmed that the financial statements give a true and fair view and identified no material uncertainties regarding the charity's ability to continue as a going concern.

Automated summary of the FY2025 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Largest income source: Donations (89% of income)
“Income for the period was £1,575,120 which includes £1,400,000 of donations from The University Caterers Organisation.” — page 4
Per its FY2025 accounts as filed with the Charity Commission.
Reserves policy: at least 6 months of running costs (held: £727k)
“Accordingly, we aim to maintain a reserve fund of at least 6 months of running costs.”
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: 14. Related party transactions
“During the period the charity received donations of £1,400,000 from The University Caterers Organisation Limited, a company which is considered to be a related party due to being the sole member of the TUCO Foundation.” — page 20
“During the period wages totalling £71,503 were recharged to the charity from The University Caterers Organisation Limited a company which is considered to be a related party due to being the sole member of the TUCO Foundation.” — page 20
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: 14. Related party transactions
“During the period the charity received donations of £1,400,000 from The University Caterers Organisation Limited, a company which is considered to be a related party due to being the sole member of the TUCO Foundation.” — page 20
“During the period wages totalling £71,503 were recharged to the charity from The University Caterers Organisation Limited a company which is considered to be a related party due to being the sole member of the TUCO Foundation.” — page 20
Per its FY2025 accounts as filed with the Charity Commission.

Accounts audited by Mitchell Charlesworth (Audit) Limited. Discloses 5 of 6 completeness components.

Leadership, per the charity’s website

Listed on the charity’s own website when we last crawled it; roles may have changed. Pay-band disclosures above are anonymous statutory disclosures and are not attributed to any named individual.

Structured financials (annual return, FY ending 31/03/2025)

Total income
£1.6m
Total spending
£848k
Reserves (reported)
£727k
Employees
9

Reported reserves equal ~10.3 months of spending — above the median for charities its size (median 4.8 months; benchmarks).

Per its annual return, largest income source: Donations and legacies (89% of income) — components as reported reconcile to the return’s total income; not from the accounts narrative.

Per its annual return, cost of raising funds: 0.0% of total income — below the median for charities its size (5.2%) (benchmarks).

Trustees · trustee networks

Trustee list from the Charity Commission register (current, not historical).

Operates in: Northern Ireland · Throughout England And Wales

Income and spending

Financial year endIncomeSpending
31/03/2025£1.6m£848k

Common questions

Is TUCO FOUNDATION CIO financially healthy?

Per its FY2025 accounts: The accounts state that the charity generated a surplus of £726,935 for the period, resulting in unrestricted reserves of the same amount. The trustees consider this level of reserves to be sufficient to meet their policy target of maintaining at least six months of running costs. The auditors confirmed that the financial statements give a true and fair view and identified no material uncertainties regarding the charity's ability to continue as a going concern. Its FY2025 accounts were audited by Mitchell Charlesworth (Audit) Limited.