THE ALAN SUGAR FOUNDATION
Financial health, per its FY2023 accounts
The accounts state that the charity holds unrestricted reserves of £7,078,043, which the trustees consider sufficient to cover future grants and operating costs. The charity is primarily supported by Lord Sugar and his family, who provide most of the funding required to meet its objectives. The independent auditors confirmed that the financial statements give a true and fair view and identified no material uncertainties regarding the charity's ability to continue as a going concern.
What the accounts disclose
Structured financials (annual return, FY ending 05/04/2025)
Trustees
- LORD SUGARchair
- COLIN TORQUIL SANDY CTA
- DANIEL PAUL SUGAR
- LOUISE JANE SUGAR
- SIMON SUGAR
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 05/04/2025 | £1.7m | £6.1m |
| 05/04/2024 | £350k | £1.0m |
| 05/04/2023 | £8.0m | £927k |
| 05/04/2022 | £0 | £0 |
| 05/04/2021 | £11 | £0 |
Common questions
Is THE ALAN SUGAR FOUNDATION financially healthy?
The accounts state that the charity holds unrestricted reserves of £7,078,043, which the trustees consider sufficient to cover future grants and operating costs. The charity is primarily supported by Lord Sugar and his family, who provide most of the funding required to meet its objectives. The independent auditors confirmed that the financial statements give a true and fair view and identified no material uncertainties regarding the charity's ability to continue as a going concern. Its FY2023 accounts were audited by Cooper Paul.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE GOSLING FOUNDATION LIMITED | 1 | £10k |