THE BORROW FOUNDATION
Financial health, per its FY2025 accounts
The accounts state that the group reported a significant increase in unrestricted funds, driven largely by the disposal of fixed assets and substantial profits from its trading subsidiary. The trustees confirm that the charity maintains sufficient reserves to meet its obligations and identified no material uncertainties regarding its ability to continue as a going concern.
What the accounts disclose
“One of the trustees has been remunerated by both the charitable company and its subsidiary undertaking and the remuneration in aggregate is within banding £120,000 - £130,0000 (note 7(d)).”
“The charity aims to maintain its free reserves balance (excluding all fixed assets, deferred tax liabilities, and grant commitments) between £nil and £300,000 to ensure there is a small reserve to meet future unforeseen expenditure.” — page 17
“The charity's wholly owned subsidiary undertaking, Borrow Investments Limited (company registration number 00671291), carries out non-charitable trading activities.” — page 5
Corporate structure
- Trading subsidiary: BORROW INVESTMENTS LIMITED Companies House 00671291
- Registered company of the charity Companies House 03303900
Leadership, per the charity’s website
- Professor Andrew Rugg-Gunn — Chair
- Professor Lorna Macpherson — Trustee
- Professor Tim Newton — Trustee
- Professor Jukka Meurman — Trustee
- Mr Nigel Borrow — Trustee
Structured financials (annual return, FY ending 31/03/2025)
Trustees
- PROFESSOR ANDREW JOHN RUGG-GUNNchair
- Nigel Borrow
- Professor Jonathon Timothy Newton
- Professor Jukka Heikki Meurman
- Professor Lorna Margaret Davidson Macpherson
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £27.0m | £1.9m |
| 31/03/2024 | £1.8m | £1.7m |
| 31/03/2023 | £2.0m | £1.7m |
| 31/03/2022 | £1.5m | £1.4m |
| 31/03/2021 | £1.8m | £1.5m |
Common questions
Is THE BORROW FOUNDATION financially healthy?
The accounts state that the group reported a significant increase in unrestricted funds, driven largely by the disposal of fixed assets and substantial profits from its trading subsidiary. The trustees confirm that the charity maintains sufficient reserves to meet its obligations and identified no material uncertainties regarding its ability to continue as a going concern. Its FY2025 accounts were audited by Buzzacott Audit LLP.
What does the highest-paid employee of THE BORROW FOUNDATION earn?
Per its FY2025 accounts, the highest-paid employee was in the £120,001 - £130,000 band.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE VASEPPI TRUST | 1 | £50k |
| THE EDWINA MOUNTBATTEN AND LEONORA CHILDREN'S FOUNDATION | 1 | £40k |
| HABITAT FOR HUMANITY GREAT BRITAIN | 1 | £26k |
| THE EQ FOUNDATION | 1 | £25k |
| SUMNER WILSON CHARITABLE TRUST | 1 | £13k |
| ANSON CHARITABLE TRUST | 1 | £2k |