FRIENDS PROVIDENT CHARITABLE FOUNDATION

Registered charity 1087053 · accounts filings on the Charity Commission register · also known as FRIENDS PROVIDENT CHARITABLE FOUNDATION PLC, FRIENDS PROVIDENT FOUNDATION

The Foundation's overarching aim is to transform the use of financial systems into an informed activity that offers social as well as economic benefits, alleviating social disharmony and inequality.

Causes: General Charitable Purposes · Grant history (this charity is a funder) · website · Get email alerts

Latest income
£650k
Latest spending
£4.1m
Registered
2001
Accounts read
FY2025

Financial health, per its FY2025 accounts

The accounts state that unrestricted reserves stood at £21,410,306, with a stated policy to hold three to six months' operating costs estimated at £700,000 to £1,400,000. The charity reported a net expenditure of £2,816,633 after investment gains, resulting in a reduction of total net assets from £24.26 million to £21.44 million. Trustees confirmed there are no material uncertainties regarding the charity's ability to continue as a going concern.

Automated summary of the FY2025 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Highest-paid employee band: £106,602 — above the 90th percentile for charities its size (median £60k)
“Reflecting our programme focus on pay transparency and in line with NCVO guidance, the ratio between the highest salary (£106,602) and the median salary (£44,469) in the Foundation is 2.4:1.” — page 25
Per its FY2025 accounts as filed with the Charity Commission.
Reserves position: below the charity's own stated reserves policy (held: £21.4m; policy: three to six months’ operating costs)
“At the year end cash at bank was £1.3 million. This is held as part of Foundation funds and will not be expended although Trustees do not consider it necessary to have a separate reserves account.”
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Investment in Ethex
“Stephen Muers, Chair of trustees, is Chief Executive Officer of Better Society Capital which has an investment in Ethex Investment Club Limited ('Ethex'). The Foundation increased its own investment in Ethex by £43,000 in January 2025, giving a total investment of £100,000 at 30 September 2025.” — page 44
“Better Society Capital is also a co-investor in the Workertech Fund. The Foundation committed to a £250,000 investment during the year, with £31,250 invested by 30 September 2025.” — page 44
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Investment in Workertech Fund
“Stephen Muers, Chair of trustees, is Chief Executive Officer of Better Society Capital which has an investment in Ethex Investment Club Limited ('Ethex'). The Foundation increased its own investment in Ethex by £43,000 in January 2025, giving a total investment of £100,000 at 30 September 2025.” — page 44
“Better Society Capital is also a co-investor in the Workertech Fund. The Foundation committed to a £250,000 investment during the year, with £31,250 invested by 30 September 2025.” — page 44
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Grant to Impact Investment Institute
“Stephen Muers, Chair of trustees, is Chief Executive Officer of Better Society Capital which has an investment in Ethex Investment Club Limited ('Ethex'). The Foundation increased its own investment in Ethex by £43,000 in January 2025, giving a total investment of £100,000 at 30 September 2025.” — page 44
“Better Society Capital is also a co-investor in the Workertech Fund. The Foundation committed to a £250,000 investment during the year, with £31,250 invested by 30 September 2025.” — page 44
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Grant to Economic Change Unit
“Stephen Muers, Chair of trustees, is Chief Executive Officer of Better Society Capital which has an investment in Ethex Investment Club Limited ('Ethex'). The Foundation increased its own investment in Ethex by £43,000 in January 2025, giving a total investment of £100,000 at 30 September 2025.” — page 44
“Better Society Capital is also a co-investor in the Workertech Fund. The Foundation committed to a £250,000 investment during the year, with £31,250 invested by 30 September 2025.” — page 44
Per its FY2025 accounts as filed with the Charity Commission.

Accounts audited by Sayer Vincent LLP. Discloses 5 of 6 completeness components.

Year-over-year changes

Comparing this charity’s FY2024 and FY2025 accounts as analysed by this site.

Public profiles (found on the charity’s own website): facebook

Structured financials (annual return, FY ending 30/09/2025)

Total income
£650k
Total spending
£4.1m
Cost of raising funds
£41k
Reserves (reported)
£21.4m
Employees
9

Reported reserves equal ~62.3 months of spending — in the top quarter for charities its size (median 5.2 months; benchmarks).

Per its annual return, largest income source: Investments (57% of income) — components as reported reconcile to the return’s total income; not from the accounts narrative.

Per its annual return, cost of raising funds: 6.3% of total income — above the median for charities its size (4.9%) (benchmarks).

Trustees · trustee networks

Trustee list from the Charity Commission register (current, not historical).

Operates in: Northern Ireland · Scotland · Throughout England And Wales

Income and spending

Financial year endIncomeSpending
30/09/2025£650k£4.1m
30/09/2024£997k£2.2m
30/09/2023£723k£2.3m
30/09/2022£690k£3.0m
30/09/2021£535k£3.5m

Common questions

Is FRIENDS PROVIDENT CHARITABLE FOUNDATION financially healthy?

Per its FY2025 accounts: The accounts state that unrestricted reserves stood at £21,410,306, with a stated policy to hold three to six months' operating costs estimated at £700,000 to £1,400,000. The charity reported a net expenditure of £2,816,633 after investment gains, resulting in a reduction of total net assets from £24.26 million to £21.44 million. Trustees confirmed there are no material uncertainties regarding the charity's ability to continue as a going concern. Its FY2025 accounts were audited by Sayer Vincent LLP.

What does the highest-paid employee of FRIENDS PROVIDENT CHARITABLE FOUNDATION earn?

Per its FY2025 accounts, the highest-paid employee was in the £106,602 band.

Who funds FRIENDS PROVIDENT CHARITABLE FOUNDATION?

Funders whose own accounts filings name FRIENDS PROVIDENT CHARITABLE FOUNDATION as a grant recipient include THE JOSEPH ROWNTREE CHARITABLE TRUST, THE INDIGO TRUST, PAUL HAMLYN FOUNDATION, THE BLAGRAVE TRUST, BRIDGE HOUSE ESTATES.

Known funders

Grants to this charity found in funders’ own accounts filings.

FunderYearAmountPurpose (as stated by the funder)
THE JOSEPH ROWNTREE CHARITABLE TRUSTFY2024£50kFoundation Practice Rating: assessing the diversity, accountability and transparency of UK philanthropic practices
THE INDIGO TRUSTFY2023£45kTowards continuing the Foundation Practice Rating.
THE JOSEPH ROWNTREE CHARITABLE TRUSTFY2021£45kIndex of Foundation Diversity, Transparency and Accountability
PAUL HAMLYN FOUNDATIONFY2023£30kEvidence and Learning
THE BLAGRAVE TRUSTFY2024£29kSector wide initiatives
BRIDGE HOUSE ESTATESFY2023£15kFoundation Practice Rating (FPR)
THE BLAGRAVE TRUSTFY2023£10kSector wide initiatives
THE BARROW CADBURY TRUSTFY2024£6kPhilanthropy, Cross-cutting & other
THE LANKELLYCHASE FOUNDATIONFY2023£5kNetworks
WESTWAY TRUSTFY2025£145Charitable foundation support

Government & lottery funding

Grants to this charity published as open data by government and lottery funders (360Giving).

FunderDateAmountPurpose
Barrow Cadbury Trust11/08/2020£20kIndex of Diversity Inclusion and Transparency

Funders of similar charities

Funders whose accounts show grants to charities similar to this one (and no recorded grant to this charity) — a starting list for fundraisers.

Charities like this

Semantically similar by activities and financial character, from our analysed corpus. Compare with THE PURI FOUNDATION.

Side by side with its peers

CharityIncomeTop pay bandStaff >£60kReserves vs policyFundraising costGoing concern
FRIENDS PROVIDENT CHARITABLE FOUNDATION£650k£106,602—below—no doubt
THE PURI FOUNDATION FY2025£5.3m—0above—no doubt
YAD VEACHISOMOCH L'CHAIM FY2025£834k—0unclear—no doubt
THE FOCUS FOUNDATION FY2025£1.6m—0unclear4.0%no doubt
FRIENDS OF B'EZRI FY2024£788k—0above—no doubt
THE SIR JOHN RITBLAT FAMILY FOUNDATION FY2025£267k—0above—no doubt

Each row is that charity’s latest analysed filing; every value is quote-backed on its own page.