NEW ECONOMICS FOUNDATION
nef aims to maximise well-being and social justice within environmental limits through innovative economic thinking and practical solutions. Our work involves pilot projects, in-depth research, campaigning, and informing policy.
Objects
(A) TO ADVANCE EDUCATION AND UNDERTAKE RESEARCH FOR THE BENEFIT OF THE PUBLIC (AND TO PUBLISH THE USEFUL RESULTS OF SUCH RESEARCH), PARTICULARLY IN ECONOMICS, CITIZENSHIP AND ENVIRONMENTAL, SOCIAL AND POLITICAL SCIENCES(B) TO PROMOTE SUSTAINABLE DEVELOPMENT FOR THE BENEFIT OF THE PUBLIC BY (I) THE PRESERVATION, CONSERVATION AND THE PROTECTION OF THE ENVIRONMENT AND THE PRUDENT USE OF RESOURCES, (II) THE RELIEF OF POVERTY AND IMPROVEMENT OF THE CONDITIONS OF LIFE IN SOCIALLY AND ECONOMICALLY DISADVANTAGED COMMUNITIES AND (III) PURSUING SUCH OTHER RELATED CHARITABLE PURPOSES AS THE TRUSTEES MAY DETERMINE
Financial health, per its FY2025 accounts
The accounts state that unrestricted reserves of £410,853 were below the stated policy target of £538,000, a shortfall the trustees attribute to the withdrawal of longstanding funders and subsequent restructuring. Despite this, the charity holds significant non-operational assets, including property valued at £2.31m, and maintains cash reserves of £2.32m, which the trustees consider sufficient to meet liabilities as they fall due.
What the accounts disclose
“NEF Consulting Limited is a wholly owned trading subsidiary of the charity.” — page 18
Policies the charity declares
- Bullying and harassment policy and procedures
- Campaigns and political activity policy and procedures
- Complaints handling
- Complaints policy and procedures
- Conflicting interests
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Investing charity funds policy and procedures
- Paying staff
- Risk management
- Safeguarding policy and procedures
- Safeguarding vulnerable beneficiaries
- Serious incident reporting policy and procedures
- Social media policy and procedures
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
- Volunteer management
From the charity’s annual return (Part A, self-declared)
Self-declared on the annual return for the financial year ending 30/06/2025
- Government income: £79,083 — contracts £79,083 (2); 2% of the £4,991,568 total gross income on the same return
- Employees paid over £60,000: 11 (£60,001–£70,000: 6; £70,001–£80,000: 1; £80,001–£90,000: 1; £90,001–£100,000: 2; £140,001–£150,000: 1)
- Has a trading subsidiary
Self-declared on the annual return for the financial year ending 30/06/2024
- Government income: £96,825 — contracts £63,825 (2), grants £33,000 (3); 2% of the £4,874,510 total gross income on the same return
- Employees paid over £60,000: 4 (£60,001–£70,000: 2; £70,001–£80,000: 1; £80,001–£90,000: 1)
- Has a trading subsidiary
Self-declared on the annual return for the financial year ending 30/06/2023
- Government income: £71,375 — contracts £71,375 (3); 2% of the £3,457,432 total gross income on the same return
- Employees paid over £60,000: 5 (£60,001–£70,000: 1; £70,001–£80,000: 2; £80,001–£90,000: 1; £100,001–£110,000: 1)
- Has a trading subsidiary
Property (HM Land Registry)
Structured financials (annual return, FY ending 30/06/2025)
Trustees
- ADAM SHARPLESchair
- Anna Henry
- Ben Michael Pringle
- Halla GUNNARSDOTTIR
- Martin Koehring
- Nicholas Dearden
- Pascale Frazer-Carroll
- Richard Bryars
- Tariq Kazi
- Wing-Harn Chen
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 30/06/2025 | £5.0m | £4.9m |
| 30/06/2024 | £4.9m | £4.9m |
| 30/06/2023 | £3.5m | £3.5m |
| 30/06/2022 | £3.1m | £3.2m |
| 30/06/2021 | £3.3m | £3.6m |
Common questions
Is NEW ECONOMICS FOUNDATION financially healthy?
Per its FY2025 accounts: The accounts state that unrestricted reserves of £410,853 were below the stated policy target of £538,000, a shortfall the trustees attribute to the withdrawal of longstanding funders and subsequent restructuring. Despite this, the charity holds significant non-operational assets, including property valued at £2.31m, and maintains cash reserves of £2.32m, which the trustees consider sufficient to meet liabilities as they fall due. Its FY2025 accounts were audited by Buzzacott Audit LLP.
Who funds NEW ECONOMICS FOUNDATION?
Funders whose own accounts filings name NEW ECONOMICS FOUNDATION as a grant recipient include THE NATIONWIDE FOUNDATION, FRIENDS PROVIDENT CHARITABLE FOUNDATION, THE JOSEPH ROWNTREE CHARITABLE TRUST, JOHN ELLERMAN FOUNDATION, TRUST FOR LONDON.
Known funders
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| THE NATIONWIDE FOUNDATION | FY2024 | £195k | Not specified in grant list |
| FRIENDS PROVIDENT CHARITABLE FOUNDATION | FY2025 | £150k | Understanding the appeal of austerity and how to beat it |
| THE JOSEPH ROWNTREE CHARITABLE TRUST | FY2021 | £121k | A Clean Future Jobs Accelerator programme |
| FRIENDS PROVIDENT CHARITABLE FOUNDATION | FY2025 | £116k | Movement Builders network |
| JOHN ELLERMAN FOUNDATION | FY2025 | £100k | Core cost funding to enable people with lived experience to drive systemic policy change |
| TRUST FOR LONDON | FY2022 | £100k | Good homes and neighbourhoods |
| THE OVO CHARITABLE FOUNDATION | FY2025 | £99k | |
| GUY'S AND ST THOMAS' FOUNDATION | FY2025 | £71k | Charitable contract (Trustee Danny Sriskandarajah is CEO) |
| JOSEPH ROWNTREE FOUNDATION | FY2023 | £62k | Reforming conditionality |
| THE NATIONWIDE FOUNDATION | FY2021 | £52k | Grant paid out during the year |
| NETWORK FOR SOCIAL CHANGE CHARITABLE TRUST | FY2025 | £43k | Flying Fair |
| THE LANKELLYCHASE FOUNDATION | FY2023 | £38k | Core Skills |
| THE NATIONWIDE FOUNDATION | FY2022 | Unverified read£27k | Decent Affordable Homes funding strategy |
| JOSEPH ROWNTREE FOUNDATION | FY2025 | £25k | New Economics Foundation |
| JOSEPH ROWNTREE FOUNDATION | FY2025 | £25k | New Economics Foundation |
| THE NATIONWIDE FOUNDATION | FY2025 | £19k | Backing Community-Led Housing |
| TRUST FOR LONDON | FY2023 | £14k | A grant to run deliberative sessions with Camden residents |
| AVIATION ENVIRONMENT TRUST | FY2024 | £11k | Research grant New Economics F |
| SMALLWOOD TRUST | FY2021 | £8k | |
| THE PICKWELL FOUNDATION | FY2022 | £8k | |
| SMALLWOOD TRUST | FY2022 | £7k | |
| THE PICKWELL FOUNDATION | FY2023 | £2k | Not specified in note 7, listed under grants |
| THE A TEAM FOUNDATION LIMITED | FY2022 | amount not stated |
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| Calouste Gulbenkian Foundation, UK Branch | 30/05/2023 | £100k | New Economics Foundation |
| Farming The Future | 31/01/2020 | £31k | Credit Where Due |
| Greater London Authority | 01/09/2018 | £85k | London Family Fund |
| Calouste Gulbenkian Foundation, UK Branch | 19/03/2018 | £13k | New Economics Foundation |
| Calouste Gulbenkian Foundation, UK Branch | 23/03/2017 | £170k | New Economics Foundation |
| Calouste Gulbenkian Foundation, UK Branch | 21/12/2016 | £20k | New Economics Foundation |
| Calouste Gulbenkian Foundation, UK Branch | 12/06/2014 | £72k | New Economics Foundation |
| Calouste Gulbenkian Foundation, UK Branch | 03/06/2014 | £144k | New Economics Foundation |
| Northern Rock Foundation | 11/12/2006 | £94k | Grant awarded to The New Economics Foundation (North East) |
| The National Lottery Community Fund | 13/07/2004 | £127k | Development of MF/2/000288757 |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE NUFFIELD FOUNDATION | 1 | £1.0m |
| THE STEVE MORGAN FOUNDATION | 1 | £468k |
| WATES FAMILY ENTERPRISE TRUST | 1 | £192k |
| HYDE CHARITABLE TRUST | 1 | £187k |
| AKO FOUNDATION | 1 | £120k |
| THE MILLFIELD HOUSE FOUNDATION (1) | 1 | £70k |
| SYNCHRONICITY EARTH | 1 | £52k |
| THE MARK LEONARD TRUST | 1 | £42k |
Charities like this
- ENVIRONMENTAL FUNDERS NETWORK
- NORTHCLIFFE ENVIRONMENTAL ENTERPRISES TEAM
- NEW SPRINGS UK
- THE NATIONAL INSTITUTE OF ECONOMIC AND SOCIAL RESEARCH
- NEO COMMUNITY
- NEWLEAF FOUNDATION
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| NEW ECONOMICS FOUNDATION | £5.0m | — | — | unclear | — | no doubt |
| ENVIRONMENTAL FUNDERS NETWORK | £798k | £70,001 - £80,000 | 1 | unclear | — | no doubt |
| NORTHCLIFFE ENVIRONMENTAL ENTERPRISES TEAM | £728k | — | — | within | — | no doubt |
| NEW SPRINGS UK | £621k | — | 0 | unclear | — | no doubt |
| THE NATIONAL INSTITUTE OF ECONOMIC AND SOCIAL RESEARCH | £3.3m | — | — | below | — | no doubt |
| NEO COMMUNITY | £869k | — | 0 | unclear | — | noted |