TUCO FOUNDATION CIO
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
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.
What the accounts disclose
“Income for the period was £1,575,120 which includes £1,400,000 of donations from The University Caterers Organisation.” — page 4
“Accordingly, we aim to maintain a reserve fund of at least 6 months of running costs.”
“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
“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
Leadership, per the charity’s website
- Phil Rees-Jones — Chair
- Mike Haslin — CEO
Structured financials (annual return, FY ending 31/03/2025)
Trustees
- Phil Rees-Joneschair
- Amanda Pettingill
- Michael Haslin
- Ryan Hanson
- Sarah Hodgson
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 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.