FRIENDS OF HARVARD UNIVERSITY
Financial health, per its FY2024 accounts
The accounts state that total income increased to £1,083,468 from £458,599 in the prior year, resulting in a net movement in funds of £487,986. Per the trustees' report, the charity maintains a reserves policy to retain sufficient funds to cover administration costs and commitments for a period of one year, and the trustees are satisfied that current reserves are appropriate to meet ongoing liabilities.
What the accounts disclose
“It is the Trust's policy to retain sufficient reserves to cover administration costs and commitments for a period of one year.”
“Donations include £15,000 of donated services by McFadden, Pilkington & Ward LLP (2023: £15,000), a law firm in which Trustee, J McFadden is a partner.” — page 20
“Donations include £30,040 (2023: £30,280) of donations in kind in relation to the payment of professional fees received from Harvard Global Research and Support Services Inc., a related entity responsible for external payments of the charity.” — page 20
“Donations include £15,000 of donated services by McFadden, Pilkington & Ward LLP (2023: £15,000), a law firm in which Trustee, J McFadden is a partner.” — page 20
“Donations include £30,040 (2023: £30,280) of donations in kind in relation to the payment of professional fees received from Harvard Global Research and Support Services Inc., a related entity responsible for external payments of the charity.” — page 20
“Donations include £15,000 of donated services by McFadden, Pilkington & Ward LLP (2023: £15,000), a law firm in which Trustee, J McFadden is a partner.” — page 20
“Donations include £30,040 (2023: £30,280) of donations in kind in relation to the payment of professional fees received from Harvard Global Research and Support Services Inc., a related entity responsible for external payments of the charity.” — page 20
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- JOHN HOWARD MCFADDENchair
- Caroline Wright
- Cecil Dyer Quillen
- JOHN DUDLEY FISHBURN
- JOSEPH HUGH O'REGAN
- James Victor Baker
- Richard Grant Howells
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £1.1m | £595k |
| 31/12/2023 | £459k | £534k |
| 31/12/2022 | £1.0m | £3.3m |
| 31/12/2021 | £5.5m | £2.9m |
| 31/12/2020 | £784k | £898k |
Common questions
Is FRIENDS OF HARVARD UNIVERSITY financially healthy?
The accounts state that total income increased to £1,083,468 from £458,599 in the prior year, resulting in a net movement in funds of £487,986. Per the trustees' report, the charity maintains a reserves policy to retain sufficient funds to cover administration costs and commitments for a period of one year, and the trustees are satisfied that current reserves are appropriate to meet ongoing liabilities. Its FY2024 accounts were audited by TC Group.
Who funds FRIENDS OF HARVARD UNIVERSITY?
Funders whose own accounts filings name FRIENDS OF HARVARD UNIVERSITY as a grant recipient include THE JMCMRJ SORRELL FOUNDATION.
Known funders
| Funder | Year | Amount |
|---|---|---|
| THE JMCMRJ SORRELL FOUNDATION | FY2024 | £100k |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| NNS FOUNDATION | 1 | £21.2m |
| Founders Pledge Ltd | 1 | £3.4m |
| THE RISMAN FOUNDATION | 1 | £84k |
| MAYFAIR CHARITIES LIMITED | 1 | £21k |