THE YOUNG FOUNDATION
Financial health, per its FY2024 accounts
The accounts state that the charity posted a net deficit of £57,179 for the year, with unrestricted reserves falling to £2,934,733. Per the trustees' report, this figure remains significantly above the stated policy target of six months' expenditure, which equated to a minimum of £1,420,000 at year-end. The trustees confirm the organization has sufficient funds to meet its reserves policy and continues to operate as a going concern.
What the accounts disclose
“During the year Local Trust awarded The Young Foundation a restricted grant of £25,000 for a project relating to community disaster preparedness. There were no amounts outstanding at 31 December 2024. Kate Hainsworth is a trustee of both Local Trust and The Young Foundation.” — page 43
Leadership, per the charity’s website
- Dr Sue Griffiths — CEO
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- Christopher Geoffrey Dobson
- Jonathan Mark Sobczyk Boddington
- Kate Catherine Hainsworth-Staples
- Kavya Menon
- Kersten England
- Oluwatosin Adegun
- Pamela Janice Warhurst
- Rizwana Shaheen Hamid
- Stephen Melvyn Edward Jacobs
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £4.1m | £4.3m |
| 31/12/2023 | £2.3m | £3.7m |
| 31/12/2022 | £2.8m | £2.9m |
| 31/12/2021 | £5.1m | £2.5m |
| 31/12/2020 | £1.9m | £2.1m |
Common questions
Is THE YOUNG FOUNDATION financially healthy?
The accounts state that the charity posted a net deficit of £57,179 for the year, with unrestricted reserves falling to £2,934,733. Per the trustees' report, this figure remains significantly above the stated policy target of six months' expenditure, which equated to a minimum of £1,420,000 at year-end. The trustees confirm the organization has sufficient funds to meet its reserves policy and continues to operate as a going concern. Its FY2024 accounts were audited by Buzzacott Audit LLP.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE GEORGE AND ESME POLLITZER CHARITABLE SETTLEMENT | 2 | £10k |
| THE SHAFTESBURY HOMES AND ARETHUSA | 1 | £10k |