THE ICELAND FOODS CHARITABLE FOUNDATION
The Foundation supports the good causes for which Iceland Foods and its employees undertake a wide range of fundraising activities each year. Since 1986 Iceland Foods and the Foundation have together given over GBP9m to charities including Alder Hey Children's Hospital (over GBP3m), Help For Heroes (GBP1.6m), Alzheimer's Research UK (over GBP3.0m) and The Prostate Cancer Charity (over GBP500,000).
Financial health, per its FY2025 accounts
The accounts state that the charity holds unrestricted reserves of £3,815,064, which is above the stated policy target of £1,375,000 to £1,700,000. The trustees confirm that the charity has sufficient cash resources and liquidity to continue activities for at least the next 12 months, with no material uncertainties identified regarding going concern.
What the accounts disclose
“The charity’s reserve policy is for the unrestricted funds should be sufficient to cover known commitments and two years of expenses. The target for this year is between £1,375,000 and £1,700,000.” — page 7
“During the year, donations of £592,905 (2024: £736,988) were received from Iceland Foods Limited, a related party by virtue of Sir Malcolm Walker, Richard Walker, Tarsem Dhaliwal and Paul Dhaliwal being trustees/ officers of both entities.” — page 23
“During the year, donations from trustees totalled £42,250 (2024: £196,750).” — page 23
“During the year, donations of £592,905 (2024: £736,988) were received from Iceland Foods Limited, a related party by virtue of Sir Malcolm Walker, Richard Walker, Tarsem Dhaliwal and Paul Dhaliwal being trustees/ officers of both entities.” — page 23
“During the year, donations from trustees totalled £42,250 (2024: £196,750).” — page 23
Leadership, per the charity’s website
- Richard, Lord Walker of Broxton OBE — Chairman
- Tarsem Dhaliwal OBE — CEO
- Sir Malcolm Walker CBE — Director-level
- Paul Dhaliwal — Director-level
Structured financials (annual return, FY ending 05/04/2025)
Trustees
- Paul Dhaliwal
- Richard Malcolm Walker
- SIR MALCOLM WALKER
- TARSEM SINGH DHALIWAL
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 05/04/2025 | £1.2m | £1.2m |
| 05/04/2024 | £2.6m | £2.3m |
| 05/04/2023 | £1.6m | £1.4m |
| 05/04/2022 | £959k | £1.6m |
| 05/04/2021 | £365k | £963k |
Common questions
Is THE ICELAND FOODS CHARITABLE FOUNDATION financially healthy?
Per its FY2025 accounts: The accounts state that the charity holds unrestricted reserves of £3,815,064, which is above the stated policy target of £1,375,000 to £1,700,000. The trustees confirm that the charity has sufficient cash resources and liquidity to continue activities for at least the next 12 months, with no material uncertainties identified regarding going concern. Its FY2025 accounts were audited by Grant Thornton UK LLP.
Who funds THE ICELAND FOODS CHARITABLE FOUNDATION?
Funders whose own accounts filings name THE ICELAND FOODS CHARITABLE FOUNDATION as a grant recipient include THE GRAHAM KIRKHAM FOUNDATION.
Known funders
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| THE GRAHAM KIRKHAM FOUNDATION | FY2023 | £25k | Welfare |
| THE GRAHAM KIRKHAM FOUNDATION | FY2024 | £250 | Welfare |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE NUFFIELD FOUNDATION | 1 | £400k |
| THE ROTHSCHILD FOUNDATION | 1 | £220k |
| GUY'S AND ST THOMAS' FOUNDATION | 1 | £185k |
| THE NUTRITIONAL WELLBEING FOUNDATION | 1 | £120k |
| THE JOSEPH ROWNTREE CHARITABLE TRUST | 1 | £103k |
| TRUST FOR LONDON | 1 | £90k |
| NORFOLK COMMUNITY FOUNDATION | 1 | £80k |
| FUSION21 FOUNDATION | 1 | £66k |
Charities like this
- HILTON FOOD GROUP CHARITABLE FOUNDATION
- THE SUPPORT FOUNDATION
- BEEFY'S CHARITY FOUNDATION
- Prept. Foundation
- FOOD FOUNDATION
- THE FEED FOUNDATION
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| THE ICELAND FOODS CHARITABLE FOUNDATION | £1.2m | — | 0 | above | — | no doubt |
| HILTON FOOD GROUP CHARITABLE FOUNDATION | £114k | — | 0 | unclear | — | no doubt |
| THE SUPPORT FOUNDATION | £190k | — | 0 | below | — | no doubt |
| BEEFY'S CHARITY FOUNDATION | £167k | — | 0 | below | — | not going concern |
| Prept. Foundation | £284k | — | 0 | unclear | — | no doubt |
| FOOD FOUNDATION | £2.0m | — | — | unclear | — | no doubt |