THE NATIONWIDE FOUNDATION
Financial health, per its FY2025 accounts
The accounts state that unrestricted reserves stood at £7,692,560, with free reserves of £6,414,127 covering 24 months of average expenditure. The trustees acknowledge these elevated levels and aim to reduce them to a target range of 9-15 months by March 2026 through strategic deployment of funds. The charity relies on an annual donation from Nationwide Building Society, which provides a three-year donation floor to support medium-term planning.
What the accounts disclose
“There were no related party transactions in the year ending 31 March 2025. During the year ended 31 March 2024, one related party transaction was registered: One trustee (Saphié Ashtiany), was also a trustee of the Joseph Rowntree Foundation (JRF). In 2022-23 the Nationwide Foundation agreed to jointly fund the Frameworks Institute with JRF, making grant payments of £97,552 (2024: £124,000)”
Structured financials (annual return, FY ending 31/03/2025)
Trustees
- Saphie Ashtianychair
- Anthony Burton
- Christopher Beazley
- Damian Thompson
- Gill Leng
- Judith McNeill
- Robert Gardner
- Stephen Evenden
- TERRIE ALAFAT
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £5.1m | £3.2m |
| 31/03/2024 | £4.3m | £2.3m |
| 31/03/2023 | £2.6m | £2.6m |
| 31/03/2022 | £1.9m | £2.3m |
| 31/03/2021 | £2.3m | £1.9m |
Common questions
Is THE NATIONWIDE FOUNDATION financially healthy?
The accounts state that unrestricted reserves stood at £7,692,560, with free reserves of £6,414,127 covering 24 months of average expenditure. The trustees acknowledge these elevated levels and aim to reduce them to a target range of 9-15 months by March 2026 through strategic deployment of funds. The charity relies on an annual donation from Nationwide Building Society, which provides a three-year donation floor to support medium-term planning. Its FY2025 accounts were audited by Godfrey Wilson Limited.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| POWER TO CHANGE TRUST | 1 | £129k |
| THE AMATEURS TRUST | 1 | £90k |
| THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST CATHERINE'S, WAKEFIELD | 1 | £63k |
| BACK ON THE MAP LIMITED | 1 | £53k |
| THE HAPPY BABY COMMUNITY | 1 | £52k |
| THE LEGAL EDUCATION FOUNDATION | 1 | £10k |
| The Edge Ministries | 1 | £3k |