FRIENDS PROVIDENT CHARITABLE FOUNDATION
Latest income
£650k
Latest spending
£4.1m
Registered
2001
Accounts read
FY2025
Financial health, per its FY2025 accounts
The accounts state that total unrestricted reserves were £21.41 million, held primarily within an expendable endowment fund. The charity reported a net expenditure of £2.82 million for the year, resulting in a reduction of total net assets from £24.26 million to £21.44 million. The trustees confirmed there are no material uncertainties regarding the charity's ability to continue as a going concern.
What the accounts disclose
Highest-paid employee band: £100,001 - £110,000 — above the 90th percentile for charities its size (median £60k)
“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
“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.
Related-party transaction: Grant to Decolonising Economics
“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.
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
Trustees
- Caroline May Taylorchair
- Abraham Alexander Baldry
- Ann Piyolin Don Bosco
- Jennifer Coleman-Peers
- Luke David Sandford
- Mofeyisayo Ayomidun Ayodele
- Natalie Nicholles Anquetil
- Paul Barnabas Blyth
- Priya Alok Gupta
- Stephanie Cynthia Maier
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 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?
The accounts state that total unrestricted reserves were £21.41 million, held primarily within an expendable endowment fund. The charity reported a net expenditure of £2.82 million for the year, resulting in a reduction of total net assets from £24.26 million to £21.44 million. The 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 £100,001 - £110,000 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, THE BLAGRAVE TRUST, BRIDGE HOUSE ESTATES, THE BARROW CADBURY TRUST.
Known funders
| Funder | Year | Amount |
|---|---|---|
| THE JOSEPH ROWNTREE CHARITABLE TRUST | FY2024 | £50k |
| THE JOSEPH ROWNTREE CHARITABLE TRUST | FY2021 | £45k |
| THE INDIGO TRUST | FY2023 | £45k |
| THE BLAGRAVE TRUST | FY2024 | £29k |
| BRIDGE HOUSE ESTATES | FY2023 | £15k |
| THE BARROW CADBURY TRUST | FY2024 | £6k |
| WESTWAY TRUST | FY2025 | £145 |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| DEBMAR BENEVOLENT TRUST LIMITED | 1 | £190k |
| HOLMFIELD CHARITABLE TRUST | 1 | £181k |
| BEIS MENACHEM CHABAD LUBAVITCH | 1 | £102k |
| MOLE CHARITABLE TRUST | 1 | £22k |
| YESHIVAS LUBAVITCH MANCHESTER | 1 | £20k |
| IGO FOUNDATION LIMITED | 1 | £10k |
| B E PERL CHARITABLE TRUST | 1 | £9k |