The Foundation’s financial resources are separated into two categories –
1. General Funds
2. Designated Funds
Our General Funds are used to pay our office rental, staff salaries and administrative costs. The Foundation currently has one regular employee, our Chief Executive Ann Beatty and a team of contracted project workers. We have a two room office in Watford, Hertfordshire UK giving easy access by train to London from Watford Junction station just 500 yards from the office. Our annual office and salary costs currently run at approximately £70,000.
Our Designated Funds are raised for specific projects for which budgets approved by the Directors have been drawn up and submitted to funders. Each project has its own budget.
The Foundation is, in English law, a company limited by guarantee with charitable objects and as such is required to file accounts with the Companies Registry for England and Wales. No external audit of these accounts is required, but the Foundation is also required to file its accounts with the Charity Commission for England and Wales and with the Office of the Scottish Charity Regulator. These accounts must be externally examined before filing. The Foundation’s external examiner is a UK Chartered Accountant.
The Foundation’s financial year runs from 1 January to 31 December. The accounts must be filed with the Charity Commission by 31st October in the year following the end of the previous accounting period.
Click here to view our filed 2016 accounts. The link will open a new tab.
Filed accounts for previous years can be examined by searching on the website of the Charity Commission for England and Wales