THE AUSTIN BAILEY FOUNDATION
Latest income
£545k
Latest spending
£306k
Registered
1984
Accounts read
FY2024
Financial health, per its FY2024 accounts
The accounts state that unrestricted funds stood at £2,271,980, significantly exceeding the trustees' aspirational reserve target of around £67,000. However, the charity's operations are explicitly reliant on investment returns and donations from the chairman, creating a dependency on continued external funding to cover charitable distributions.
What the accounts disclose
Reserves policy: around £67,000 (held: £2.3m)
“The trustees' aspiration for annual charitable giving of £200,000 or £67,000 per meeting would require an end of year balance or reserve of around £67,000.”
Per its FY2024 accounts as filed with the Charity Commission.
Going concern: noted by the trustees or auditor
“The Foundation's work is reliant on its investment returns from its share portfolio and donations received from the chairman or companies controlled by him.” — page 6
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Donations from Clive Bailey and companies controlled by him
“Income donations totalling £122,988 (2023 - £312,162) from Clive Bailey and companies controlled by him together with related tax refunds.”
“This was corrected in part when the chairman transferred a buy to let property in Hayes, Middlesex to the Foundation in 2022.” — page 7
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Chairman transferred buy-to-let property to the Foundation
“Income donations totalling £122,988 (2023 - £312,162) from Clive Bailey and companies controlled by him together with related tax refunds.”
“This was corrected in part when the chairman transferred a buy to let property in Hayes, Middlesex to the Foundation in 2022.” — page 7
Per its FY2024 accounts as filed with the Charity Commission.
Year-over-year changes
- Going concern: no going-concern doubt (FY2023) → going-concern doubt noted (FY2024).
Structured financials (annual return, FY ending 31/07/2025)
Total income
£545k
Total spending
£306k
Cost of raising funds
£18k
Reserves (reported)
£2.7m
Employees
0
Trustees
- Clive Vernon Austin Baileychair
- Dr Ashraf Sourour Ishaksourour Mikhail
- Eleanor Norton
- JAMES ADAM LEACH
- Rev Steven Buting
- SANDRA JO MORTON
- Sally Ruth Goldstone
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/07/2025 | £545k | £306k |
| 05/04/2024 | £200k | £194k |
| 05/04/2023 | £166k | £163k |
| 05/04/2022 | £119k | £154k |
| 05/04/2021 | £144k | £144k |
Common questions
Is THE AUSTIN BAILEY FOUNDATION financially healthy?
The accounts state that unrestricted funds stood at £2,271,980, significantly exceeding the trustees' aspirational reserve target of around £67,000. However, the charity's operations are explicitly reliant on investment returns and donations from the chairman, creating a dependency on continued external funding to cover charitable distributions. Its FY2024 accounts were independently examined.