THE ALBION FOUNDATION
Financial health, per its FY2024 accounts
The accounts state that the charity reported a deficit of £68,892 for the year ended 31 August 2024, resulting in a decrease in total reserves from £837,714 to £768,822. The trustees confirm that free/unrestricted reserves of £248,614 are below the stated policy target of £310,000, yet they maintain that no material uncertainties exist regarding the charity's ability to continue as a going concern.
What the accounts disclose
“The Albion Foundation have an agreed reserves policy of holding reserves to cover the costs of staff not paid for through funded projects for a six month period. This figure is calculated to be £310,000.” — page 17
“During the year West Bromwich Albion Football Club Limited processed the Foundation's payroll at a total value of £1,917,063 (2023: £2,055,891). The Foundation repays the Football Club in full.” — page 37
“During the year the Foundation made purchases of £89,713 (2023: £47,929) from and sales of £91,951 (2023: £29,105) to West Bromwich Albion Football Club Limited.” — page 37
“During the year West Bromwich Albion Football Club Limited processed the Foundation's payroll at a total value of £1,917,063 (2023: £2,055,891). The Foundation repays the Football Club in full.” — page 37
“During the year the Foundation made purchases of £89,713 (2023: £47,929) from and sales of £91,951 (2023: £29,105) to West Bromwich Albion Football Club Limited.” — page 37
“During the year West Bromwich Albion Football Club Limited processed the Foundation's payroll at a total value of £1,917,063 (2023: £2,055,891). The Foundation repays the Football Club in full.” — page 37
“During the year the Foundation made purchases of £89,713 (2023: £47,929) from and sales of £91,951 (2023: £29,105) to West Bromwich Albion Football Club Limited.” — page 37
Structured financials (annual return, FY ending 31/08/2025)
Trustees
- James Verrierchair
- Ashish Patel
- Helen Morris
- Ian Skidmore
- Imran Iqbal
- James Robert Orton
- John Carrington
- Rajni Sitladin
- Samantha Foxall
- Stephen Kite
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/08/2025 | £3.0m | £3.0m |
| 31/08/2024 | £2.8m | £2.8m |
| 31/08/2023 | £2.7m | £2.8m |
| 31/08/2022 | £2.7m | £2.7m |
| 31/08/2021 | £2.6m | £2.6m |
Common questions
Is THE ALBION FOUNDATION financially healthy?
The accounts state that the charity reported a deficit of £68,892 for the year ended 31 August 2024, resulting in a decrease in total reserves from £837,714 to £768,822. The trustees confirm that free/unrestricted reserves of £248,614 are below the stated policy target of £310,000, yet they maintain that no material uncertainties exist regarding the charity's ability to continue as a going concern. Its FY2024 accounts were audited by Dains Audit Limited.