THE FORBES CHARITABLE FOUNDATION
Financial health, per its FY2023 accounts
The accounts state that the charity reported a net loss of £901,000 for the year ended 5 April 2023, primarily driven by an £857,000 net loss on investments due to worldwide market falls. Despite this reduction in investment capital, the charity maintained unrestricted reserves of £7,477,216, which the trustees consider sufficient to meet ongoing operating expenditure. The auditor confirmed that the going concern basis of accounting is appropriate with no material uncertainties identified.
What the accounts disclose
“The reserves policy of the Charity is to maintain tree reserves, which are included within the unrestricted funds of the Charity, at a level which provides sufficient funds to meet ongoing operating expenditure.” — page 4
Register events
- Received assets from another charity (20/03/2017)
- Received assets from another charity (29/10/2014)
Trustees
- Bimal Kumar Saurabhkumar Patel
- Claire Rintoul
- HELEN LOUISE JOHNSON
- Ian Richards Johnson BA FCA
- JOHN MAXWELL WAITE
- Julie Riley
- Mark Christopher Morris FCA
- Nigel Jeremy Doggett
- Patrick Martin Wallace
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 05/04/2025 | £277k | £289k |
| 05/04/2024 | £253k | £253k |
| 05/04/2023 | £263k | £273k |
| 05/04/2022 | £236k | £297k |
| 05/04/2021 | £244k | £214k |
Common questions
Is THE FORBES CHARITABLE FOUNDATION financially healthy?
The accounts state that the charity reported a net loss of £901,000 for the year ended 5 April 2023, primarily driven by an £857,000 net loss on investments due to worldwide market falls. Despite this reduction in investment capital, the charity maintained unrestricted reserves of £7,477,216, which the trustees consider sufficient to meet ongoing operating expenditure. The auditor confirmed that the going concern basis of accounting is appropriate with no material uncertainties identified. Its FY2023 accounts were audited by Somerbys Limited.