THE ICELAND FOODS CHARITABLE FOUNDATION
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?
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 |
|---|---|---|
| THE GRAHAM KIRKHAM FOUNDATION | FY2023 | £25k |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| The Trevor Hemmings Foundation | 1 | £105k |
| THE PENNIES FOUNDATION | 1 | £76k |
| JOHN LAING CHARITABLE TRUST | 1 | £20k |
| FONTHILL FOUNDATION | 1 | £18k |
| THE LINDER FOUNDATION | 1 | £18k |
| DUCHY OF LANCASTER BENEVOLENT FUND | 1 | £5k |
| PILKINGTON CHARITIES FUND | 1 | £3k |
| THE GREEN HALL FOUNDATION | 1 | £3k |