THOMSON REUTERS FOUNDATION
Financial health, per its FY2024 accounts
The accounts state that total income increased to £22,678,000 in 2024, resulting in a net surplus of £208,000. The charity maintains unrestricted reserves of £5,621,000, which exceeds its stated policy target of six months of operational expenditure (£4,463,000). The financial position is supported by a rolling core donation from Thomson Reuters Group and sufficient cash levels to sustain operations through 2026 even without new external funding.
What the accounts disclose
“£290K - £300K (2024: of which 66% is paid as a Gift in Kind by Thomson Reuters Group)” — page 81
“One Trustee was paid £2K for accommodation to speak at the Trust conference in 2024 (2023: £1K).” — page 82
“The Foundation’s wholly owned subsidiary, Reuters Foundation Consultants Limited (RFCL), was established to operate the trading activities of the Foundation.” — page 55
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- JAMES CLIFTON SMITHchair
- BRIAN PECCARELLI
- EILEEN LYNCH-SUSSAN
- LAURA ANCELINA CLAYTON MCDONNELL
- MARGARET MENDI NJONJO
- MARY ALICE VUICIC
- Ragunath Ramanathan
- VIVIAN SCHILLER
- Vedat Can Yeginsu
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £22.7m | £22.5m |
| 31/12/2023 | £18.4m | £19.1m |
| 31/12/2022 | £15.4m | £16.0m |
| 31/12/2021 | £15.7m | £13.5m |
| 31/12/2020 | £12.6m | £11.4m |
Common questions
Is THOMSON REUTERS FOUNDATION financially healthy?
The accounts state that total income increased to £22,678,000 in 2024, resulting in a net surplus of £208,000. The charity maintains unrestricted reserves of £5,621,000, which exceeds its stated policy target of six months of operational expenditure (£4,463,000). The financial position is supported by a rolling core donation from Thomson Reuters Group and sufficient cash levels to sustain operations through 2026 even without new external funding. Its FY2024 accounts were audited by PricewaterhouseCoopers LLP.
What does the highest-paid employee of THOMSON REUTERS FOUNDATION earn?
Per its FY2024 accounts, the highest-paid employee was in the £290,001 - £300,000 band.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| Postcode Lottery | 10/02/2025 | £1.5m | Regular Grant 2025 |
| Postcode Lottery | 01/12/2023 | £1.1m | Regular Grant 2024 |
| Postcode Lottery | 31/03/2023 | £900k | Regular Grant 2023 |
| Postcode Lottery | 09/03/2022 | £800k | Regular Grant 2022 |