DAME ALICE OWEN'S FOUNDATION
Financial health, per its FY2024 accounts
The accounts state that the charity holds unrestricted reserves of £1,720,192, which are distributed annually in accordance with a High Court Order requiring the distribution of all unrestricted reserves. The charity is entirely reliant on investment income from its endowment, generating £4,424,419 in total income, against total resources expended of £3,804,613. The trustees report that the charity has adequate resources to continue in operational existence for the foreseeable future.
What the accounts disclose
“The Trustee observes the High Court Order of 15 June 2001 and distributes unrestricted reserves that have not been designated for the preservation and maintenance of the property estate in the following financial year. This policy ensures that beneficiaries receive funds as soon as possible but it means that in the event of a significant drop in income the Foundation will not be able to maintain its level of distribution.” — page 11
Leadership, per the charity’s website
- Fergus McMullen — Master
Structured financials (annual return, FY ending 31/12/2024)
Trustees
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £4.4m | £3.8m |
| 31/12/2023 | £3.9m | £3.3m |
| 31/12/2022 | £3.7m | £3.1m |
| 31/12/2021 | £3.3m | £3.2m |
| 31/12/2020 | £3.1m | £3.5m |
Common questions
Is DAME ALICE OWEN'S FOUNDATION financially healthy?
The accounts state that the charity holds unrestricted reserves of £1,720,192, which are distributed annually in accordance with a High Court Order requiring the distribution of all unrestricted reserves. The charity is entirely reliant on investment income from its endowment, generating £4,424,419 in total income, against total resources expended of £3,804,613. The trustees report that the charity has adequate resources to continue in operational existence for the foreseeable future. Its FY2024 accounts were audited by Myers Clark.