THE HEALTH FOUNDATION
Financial health, per its FY2024 accounts
The accounts state that the charity's unrestricted fund balance is nil, as its policy is to apply endowment capital to cover any excess of expenditure over generated unrestricted income. Per the trustees' report, the charity holds an expendable endowment fund of £1.2 billion, which generated an 8.7% return in 2024, providing sufficient liquidity to fund operations for the foreseeable future.
What the accounts disclose
“Medtrust Innovations Limited, a subsidiary of the Foundation, donated its profit of £168k (2023: £130k) to the Foundation.”
“In 2024 THF entered into a working relationship with THIS Labs outside of the investment made in 2023, the contract value of which was £18k, and was completed in the year.”
“Medtrust Innovations Limited, a subsidiary of the Foundation, donated its profit of £168k (2023: £130k) to the Foundation.”
“In 2024 THF entered into a working relationship with THIS Labs outside of the investment made in 2023, the contract value of which was £18k, and was completed in the year.”
“The potential pension liability at 31 December 2024, based on advice from an actuary, is estimated to be £411k (2023: £438k).”
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- David Smart
- Dr Ruth Hussey
- James Roland Sinker
- Karen Reid
- Katherine Blacklock
- Paul John Najsarek
- Professor Kim Samantha Graham FRSE
- Rachel Wintour
- Sir David Behan
- Stian Westlake
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £17.2m | £67.3m |
| 31/12/2023 | £18.6m | £62.7m |
| 31/12/2022 | £18.2m | £80.4m |
| 31/12/2021 | £17.1m | £53.4m |
| 31/12/2020 | £16.4m | £57.4m |
Common questions
Is THE HEALTH FOUNDATION financially healthy?
The accounts state that the charity's unrestricted fund balance is nil, as its policy is to apply endowment capital to cover any excess of expenditure over generated unrestricted income. Per the trustees' report, the charity holds an expendable endowment fund of £1.2 billion, which generated an 8.7% return in 2024, providing sufficient liquidity to fund operations for the foreseeable future. Its FY2024 accounts were audited by UHY Hacker Young.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| ONE FOOTSTEP | 1 | — |
| CLEAN AIR FUND | 1 | £1.5m |
| THE MOTIVATION CHARITABLE TRUST | 1 | £81k |
| HALLMARK CARE HOMES FOUNDATION | 1 | £26k |
| THE ROAN CHARITABLE TRUST | 1 | £21k |
| THE JOHN HEMINGWAY CHARITABLE TRUST | 1 | £5k |
| Evergreen Care UK | 1 | £500 |