THE KATHLEEN HANNAY MEMORIAL CHARITY
Financial health, per its FY2025 accounts
The accounts state that total funds decreased from £16,197,347 to £15,791,429 due to a net expenditure of £405,918, driven by increased charitable grants and investment management fees. The charity relies entirely on investment income to fund its activities and has no staff or fundraising costs. The trustees acknowledge market volatility as a key risk to the charity's ability to meet liabilities as they fall due.
What the accounts disclose
“It is the Trustees intention to sustain the expendable endowment fund at a level which will provide sufficient investment income to meet the level of donations paid, cover the charity’s administration costs and to be able to respond to any emergency applications that may arise from time to time.” — page 5
“The Trustees have prepared the financial statements on a going concern basis. The main consideration was the volatility of the stock market and its implications on both the value of the investment portfolio and the level of income arising therefrom as the charity relies on both to produce sufficient funds to meet its liabilities as and when they fall due.” — page 5
“The Trustees made donations of £50,000 (2024: £25,000) to The New English Ballet Theatre. Simon Weil is a Trustee of each charity.” — page 15
“During the year fees of £41,585 (2024: £39,894) were payable to Charles Russell Speechlys LLP. One of the Trustees, Simon Weil is a current partner of Charles Russell Speechlys LLP.” — page 15
“The Trustees made donations of £50,000 (2024: £25,000) to The New English Ballet Theatre. Simon Weil is a Trustee of each charity.” — page 15
“During the year fees of £41,585 (2024: £39,894) were payable to Charles Russell Speechlys LLP. One of the Trustees, Simon Weil is a current partner of Charles Russell Speechlys LLP.” — page 15
Year-over-year changes
- Going concern: no going-concern doubt (FY2024) → going-concern doubt noted (FY2025).
Trustees
- CHRISTIAN ALISON KATHLEEN WARD
- Jonathan Francis Weil
- LAURA ANNABEL STACEY WATKINS
- SIMON PATRICK WEIL
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 05/04/2025 | £193k | £472k |
| 05/04/2024 | £186k | £359k |
| 05/04/2023 | £185k | £642k |
| 05/04/2022 | £130k | £569k |
| 05/04/2021 | £158k | £246k |
Common questions
Is THE KATHLEEN HANNAY MEMORIAL CHARITY financially healthy?
The accounts state that total funds decreased from £16,197,347 to £15,791,429 due to a net expenditure of £405,918, driven by increased charitable grants and investment management fees. The charity relies entirely on investment income to fund its activities and has no staff or fundraising costs. The trustees acknowledge market volatility as a key risk to the charity's ability to meet liabilities as they fall due. Its FY2025 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| M B FOUNDATION (ALSO KNOWN AS MOSSAD HORAV MOSHE ARYEH HALEVY) | 1 | £260k |
| NER FOUNDATION | 1 | £144k |
| SAMJO LIMITED | 1 | £76k |
| BROOM FOUNDATION | 1 | £73k |
| LONIA LIMITED | 1 | £69k |
| GOLDHEART CHARITY LIMITED | 1 | £50k |
| OIZER CHARITABLE TRUST | 1 | £50k |
| BORBAT LIMITED | 1 | £42k |