THE MACKINTOSH FOUNDATION
Financial health, per its FY2025 accounts
The accounts state that the charity's unrestricted reserves stood at £12,299,666, which is above the stated policy target of three months of unrestricted charitable expenditure. However, the trustees acknowledge that the rate of spending exceeds investment returns and that it will be impossible to maintain current expenditure levels in the long term without further major donations.
What the accounts disclose
“The Trustees aim to maintain free reserves in unrestricted funds at a level which enables the Foundation to meet at least three months of unrestricted charitable expenditure.” — page 8
Structured financials (annual return, FY ending 31/03/2024)
Trustees
- SIR CAMERON ANTHONY MACKINTOSHchair
- A Paule Constable
- Alan Arthur Finch CBE
- MR BART PEERLESS
- MR F RICHARD PAPPAS
- MR THOMAS SCHONBERG
- NICHOLAS DAVID ALLOTT OBE
- NICHOLAS IAN MACDONALD MACKINTOSH
- ROBERT FREDERICK STRANG NOBLE
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £424k | £994k |
| 31/03/2024 | £634k | £1.3m |
| 31/03/2023 | £607k | £1.0m |
| 31/03/2022 | £71k | £179k |
| 31/03/2021 | £100k | £1.2m |
Common questions
Is THE MACKINTOSH FOUNDATION financially healthy?
The accounts state that the charity's unrestricted reserves stood at £12,299,666, which is above the stated policy target of three months of unrestricted charitable expenditure. However, the trustees acknowledge that the rate of spending exceeds investment returns and that it will be impossible to maintain current expenditure levels in the long term without further major donations. Its FY2025 accounts were audited by BDO LLP.