HAMPSTEAD HEATH
Financial health, per its FY2025 accounts
The accounts state that total income decreased to £11,475,212 from £13,248,437 in the prior year, while total expenditure increased to £11,418,242. The charity generated a net surplus of £203,267 and held combined total funds of £63,042,037 at year-end, with unrestricted funds standing at £1,116,579. The trustees and auditors confirm there are no material uncertainties regarding the charity's ability to continue as a going concern.
What the accounts disclose
“The reserves policy of the charity is that the original endowment of £15 million (now worth £39.4 million) should produce income to cover a proportion of the running costs of Hampstead Heath.” — page 14
“The City Corporation is the sole Trustee of the charity, as described on page 2. The City Corporation provides various services to the charity, the costs of which are recharged to the charity. This includes the provision of banking services, charging all transactions to the charity at cost and crediting or charging interest at a commercial rate. The cost of these services is included within expenditure, as set out in note 7.” — page 44
“The charity is consolidated within the accounts of City’s Estate, a fund of the City of London Corporation (the City Corporation, the Corporate Trustee of the charity), by virtue of the deemed control arising from the provision of the shortfall between the charity’s income and expenditure by City’s Estate, whose place of business is Guildhall, London EC2P 2EJ.” — page 44
“The City Corporation is the sole Trustee of the charity, as described on page 2. The City Corporation provides various services to the charity, the costs of which are recharged to the charity. This includes the provision of banking services, charging all transactions to the charity at cost and crediting or charging interest at a commercial rate. The cost of these services is included within expenditure, as set out in note 7.” — page 44
“The charity is consolidated within the accounts of City’s Estate, a fund of the City of London Corporation (the City Corporation, the Corporate Trustee of the charity), by virtue of the deemed control arising from the provision of the shortfall between the charity’s income and expenditure by City’s Estate, whose place of business is Guildhall, London EC2P 2EJ.” — page 44
“The Fund’s estimated net liability has been determined by independent actuaries in accordance with FRS102 as £2.7m as at 31 March 2025 (£49.9m as at 31 March 2024).” — page 28
Structured financials (annual return, FY ending 31/03/2025)
Trustees
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £11.5m | £11.4m |
| 31/03/2024 | £13.2m | £10.3m |
| 31/03/2023 | £9.4m | £9.5m |
| 31/03/2022 | £9.9m | £9.3m |
| 31/03/2021 | £9.5m | £9.5m |
Common questions
Is HAMPSTEAD HEATH financially healthy?
The accounts state that total income decreased to £11,475,212 from £13,248,437 in the prior year, while total expenditure increased to £11,418,242. The charity generated a net surplus of £203,267 and held combined total funds of £63,042,037 at year-end, with unrestricted funds standing at £1,116,579. The trustees and auditors confirm there are no material uncertainties regarding the charity's ability to continue as a going concern. Its FY2025 accounts were audited by Crowe U.K. LLP.