THE STEVE MORGAN FOUNDATION
Financial health, per its FY2025 accounts
The accounts state that unrestricted reserves stood at £274,922,440, a significant increase from the prior year's £270,014,659, driven by positive investment performance. The Trustees report no maximum or minimum level of reserves required to be held, noting that a large surplus is held substantially as a matter of policy to sustain the corpus and income stream. The charity remains in a strong financial position with adequate resources to continue in operational existence for the foreseeable future.
What the accounts disclose
“1 employee received emoluments in excess of £60,000. (£80,000 - £90,000 2025: 1 2024:1)”
“1 employee received emoluments in excess of £60,000.” — page 18
“It is the policy of the Charity to maximise unrestricted funds, which are the free reserves of the Charity, to ensure sufficient funds are available to cover awards payable, support and administration costs for the foreseeable future.” — page 5
“Some services have been provided by Bridgemere UK Limited free of charge, a company of which two of the Trustees are directors. No adjustment has been made to reflect this as it is not possible to quantify the value of such services.”
Year-over-year changes
- Employees paid over £60,000: 0 (FY2023) → 1 (FY2025).
Leadership, per the charity’s website
- Steve Morgan CBE — Chairman
- Liam Eaglestone — Chief Executive Officer
Structured financials (annual return, FY ending 31/03/2025)
Trustees
- STEPHEN PETER MORGANchair
- Brian Leslie Clark
- Heather Lauder
- Nicole Burstow
- RHIANNON ELLIS WALKER
- SALLY JULIA MORGAN
- VINCENT WILLIAM FAIRCLOUGH
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £7.3m | £9.6m |
| 31/03/2024 | £9.6m | £12.6m |
| 31/03/2023 | £9.4m | £15.5m |
| 31/03/2022 | £6.5m | £54.2m |
| 31/03/2021 | £14.0m | £26.8m |
Common questions
Is THE STEVE MORGAN FOUNDATION financially healthy?
The accounts state that unrestricted reserves stood at £274,922,440, a significant increase from the prior year's £270,014,659, driven by positive investment performance. The Trustees report no maximum or minimum level of reserves required to be held, noting that a large surplus is held substantially as a matter of policy to sustain the corpus and income stream. The charity remains in a strong financial position with adequate resources to continue in operational existence for the foreseeable future. Its FY2025 accounts were audited by DJH Audit Limited.
What does the highest-paid employee of THE STEVE MORGAN FOUNDATION earn?
Per its FY2025 accounts, the highest-paid employee was in the £80,001 - £90,000 band, and 1 employees earned over £60,000.
Who funds THE STEVE MORGAN FOUNDATION?
Funders whose own accounts filings name THE STEVE MORGAN FOUNDATION as a grant recipient include JUVENILE DIABETES RESEARCH FOUNDATION LIMITED.
Known funders
| Funder | Year | Amount |
|---|---|---|
| JUVENILE DIABETES RESEARCH FOUNDATION LIMITED | FY2025 | £100k |
| JUVENILE DIABETES RESEARCH FOUNDATION LIMITED | FY2025 | £100k |
| JUVENILE DIABETES RESEARCH FOUNDATION LIMITED | FY2025 | £45k |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| E B M CHARITABLE TRUST | 1 | £147k |
| THE HAPPY BABY COMMUNITY | 1 | £52k |
| THE VINTNERS' FOUNDATION | 1 | £24k |
| THE SIMON & ELIZABETH BATEY CHARITABLE TRUST | 1 | £22k |
| THE WO STREET CHARITABLE FOUNDATION | 1 | £20k |
| THE SWALLOW TRUST | 1 | £10k |
| Boodles Charitable Trust | 1 | £10k |
| THE LEGAL EDUCATION FOUNDATION | 1 | £10k |