FRIENDS PROVIDENT CHARITABLE 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.
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.
What the accounts disclose
“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
“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.”
“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
“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
“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
“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
Year-over-year changes
- Top pay band moved from £102,088 (FY2024) to £106,602 (FY2025).
Structured financials (annual return, FY ending 30/09/2025)
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?
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
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| THE JOSEPH ROWNTREE CHARITABLE TRUST | FY2024 | £50k | Foundation Practice Rating: assessing the diversity, accountability and transparency of UK philanthropic practices |
| THE INDIGO TRUST | FY2023 | £45k | Towards continuing the Foundation Practice Rating. |
| THE JOSEPH ROWNTREE CHARITABLE TRUST | FY2021 | £45k | Index of Foundation Diversity, Transparency and Accountability |
| PAUL HAMLYN FOUNDATION | FY2023 | £30k | Evidence and Learning |
| THE BLAGRAVE TRUST | FY2024 | £29k | Sector wide initiatives |
| BRIDGE HOUSE ESTATES | FY2023 | £15k | Foundation Practice Rating (FPR) |
| THE BLAGRAVE TRUST | FY2023 | £10k | Sector wide initiatives |
| THE BARROW CADBURY TRUST | FY2024 | £6k | Philanthropy, Cross-cutting & other |
| THE LANKELLYCHASE FOUNDATION | FY2023 | £5k | Networks |
| WESTWAY TRUST | FY2025 | £145 | Charitable foundation support |
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| Barrow Cadbury Trust | 11/08/2020 | £20k | Index of Diversity Inclusion and Transparency |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE BRITISH FRIENDS OF MASAT MOSHE | 1 | £448k |
| BEIS MENACHEM CHABAD LUBAVITCH | 1 | £183k |
| HOLMFIELD CHARITABLE TRUST | 1 | £181k |
| MOLE CHARITABLE TRUST | 1 | £22k |
| YESHIVAS LUBAVITCH MANCHESTER | 1 | £20k |
| MOYNITRUST | 1 | £15k |
| THE ALBERT GUBAY CHARITABLE FOUNDATION | 1 | £12k |
| IGO FOUNDATION LIMITED | 1 | £10k |
Charities like this
- THE PURI FOUNDATION
- YAD VEACHISOMOCH L'CHAIM
- THE FOCUS FOUNDATION
- FRIENDS OF B'EZRI
- THE SIR JOHN RITBLAT FAMILY FOUNDATION
- SMART CITIZENS CHARITABLE FOUNDATION
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| FRIENDS PROVIDENT CHARITABLE FOUNDATION | £650k | £106,602 | — | below | — | no doubt |
| THE PURI FOUNDATION | £5.3m | — | 0 | above | — | no doubt |
| YAD VEACHISOMOCH L'CHAIM | £834k | — | 0 | unclear | — | no doubt |
| THE FOCUS FOUNDATION | £1.6m | — | 0 | unclear | 4.0% | no doubt |
| FRIENDS OF B'EZRI | £788k | — | 0 | above | — | no doubt |
| THE SIR JOHN RITBLAT FAMILY FOUNDATION | £267k | — | 0 | above | — | no doubt |