JACOBS FUTURA FOUNDATION
Latest income
£16.0m
Latest spending
£5.5m
Registered
2024
Accounts read
FY2024
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net surplus of £10.6m for its first period of activity, resulting in unrestricted reserves of £10.6m. Per the trustees' report, these reserves are considered sufficient to meet current and forecasted risks and are held in line with a policy targeting six to nine months of operating expenditure.
What the accounts disclose
Reserves policy: six to nine months’ operating expenditure (held: £10.6m)
“The reserves policy aims to maintain free reserves equivalent to six to nine months’ operating expenditure of the Foundation.” — page 11
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Note 17
“During the current period, a further EUR 9,500,000 (£8,001,347) was donated from Ocorian Trustees (Jersey) Limited directly to the Foundation, in its capacity as professional trustee to and on behalf of Jacobs Futura Fund. Philippe Jacobs is the economic settlor of Jacobs Futura Fund but he has no decision-making powers in respect of the allocation of funds from that trust. There are no conditions attached to this funding.” — page 28
Per its FY2024 accounts as filed with the Charity Commission.
Structured financials (annual return, FY ending 31/12/2024)
Total income
£16.0m
Total spending
£5.5m
Reserves (reported)
£10.6m
Employees
5
Trustees
- JACOBS FUTURA TRUSTEE LIMITED
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £16.0m | £5.5m |
Common questions
Is JACOBS FUTURA FOUNDATION financially healthy?
The accounts state that the charity reported a net surplus of £10.6m for its first period of activity, resulting in unrestricted reserves of £10.6m. Per the trustees' report, these reserves are considered sufficient to meet current and forecasted risks and are held in line with a policy targeting six to nine months of operating expenditure. Its FY2024 accounts were audited by Crowe U.K. LLP.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE MASTER CHARITABLE TRUST | 1 | £323k |
| RACHEL CHARITABLE TRUST | 1 | £50k |
| THE BORROWS CHARITABLE TRUST | 1 | £10k |
| THE SIR BERNARD & LADY SCHREIER FOUNDATION | 1 | £4k |
| THE CHRISTOPHER AND HENRY OLDFIELD TRUST | 1 | £0 |