The Key-UK
KEYFUND MAKES A LASTING POSITIVE CHANGE TO THE LIVES OF DISADVANTAGED AND VULNERABLE YOUNG PEOPLE. THE KEYFUND MODEL COMBINES SUPPORT FROM A TRUSTED ADULT, A STRUCTURED BUT INFORMAL, YOUTH-LED LEARNING PROCESS FOR GROUPS WHO PLAN, DESIGN AND BUDGET ACTIVITIES OF THEIR CHOICE. IN 3 YEARS KEYFUND HELPED 16,994 YOUNG PEOPLE COMPLETE 2,425, YOUTH-LED PROJECTS.
Financial health, per its FY2026 accounts
The accounts state that the charity reported a planned deficit of £163,867 for the year ended 31 March 2026, resulting from total income of £314,042 against total expenditure of £477,909. Per the trustees' report, unrestricted free reserves totalled £224,890 at year-end, which the Board considers appropriate given the charity's risk profile and future commitments.
What the accounts disclose
“Total income 164,476 - 149,566 314,042 476,625” — page 15
“Excluding this future-year funding, reserves available to support current operations remain consistent with the Board's reserves target and equate to approximately 5.6 months of operating expenditure.” — page 10
Property (HM Land Registry)
Structured financials (annual return, FY ending 31/03/2024)
Register events
- Received assets from another charity (04/04/2019)
Trustees
- Elizabeth Watchornchair
- Austin McNamara
- Christopher Alete
- Emma Richards
- Mary Youngs
- Natalie Marshall
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2026 | £310k | £478k |
| 31/03/2025 | £477k | £672k |
| 31/03/2024 | £560k | £401k |
| 31/03/2023 | £480k | £387k |
| 31/03/2022 | £427k | £554k |
Common questions
Is The Key-UK financially healthy?
Per its FY2026 accounts: The accounts state that the charity reported a planned deficit of £163,867 for the year ended 31 March 2026, resulting from total income of £314,042 against total expenditure of £477,909. Per the trustees' report, unrestricted free reserves totalled £224,890 at year-end, which the Board considers appropriate given the charity's risk profile and future commitments. Its FY2026 accounts were independently examined.
Who funds The Key-UK?
Funders whose own accounts filings name The Key-UK as a grant recipient include THE VARDY FOUNDATION, KFC FOUNDATION, THE JOHN THAW FOUNDATION.
Known funders
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| THE VARDY FOUNDATION | FY2023 | £40k | |
| KFC FOUNDATION | FY2022 | £10k | |
| THE JOHN THAW FOUNDATION | FY2023 | £1k |
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| Community Foundation North East | 26/03/2026 | £18k | Grant to Keyfund Federation Limited |
| The National Lottery Community Fund | 19/11/2025 | £271k | The Key to Partnerships |
| Community Foundation North East | 02/05/2024 | £3k | Grant to Keyfund Federation Limited |
| UK government | 01/07/2023 | £119k | NCS Trust Community Grants The Key |
| UK government | 01/07/2023 | £184k | NCS Trust Community Grants The Key |
| Community Foundation North East | 16/03/2023 | £9k | Grant to Keyfund Federation Limited |
| Community Foundation North East | 10/02/2023 | £8k | Grant to Keyfund Federation Limited |
| The National Lottery Community Fund | 18/01/2023 | £59k | Working together with KEY+ |
| Community Foundation North East | 08/12/2022 | £5k | Grant to Keyfund Federation Limited |
| Community Foundation North East | 10/11/2022 | £2k | Grant to Keyfund Federation Limited |
| Community Foundation North East | 28/04/2022 | £4k | Grant to Keyfund Federation Limited |
| Postcode Lottery | 26/04/2022 | £25k | All Ability KEY+ |
| Community Foundation North East | 20/01/2022 | £8k | A grant to Keyfund Federation Limited |
| Community Foundation North East | 30/09/2021 | £5k | A grant to Keyfund Federation Limited |
| Community Foundation North East | 04/07/2015 | £3k | Towards Personal, social skills and confidence building for young people |
| The National Lottery Community Fund | 24/06/2015 | £10k | Keyed In... to be awesome |
| Northern Rock Foundation | 19/09/2013 | £32k | Grant awarded to Keyfund Federation Limited (North East) |
| Northern Rock Foundation | 22/06/2012 | £20k | Grant awarded to Keyfund Federation Limited (North East) |
| Northern Rock Foundation | 13/12/2011 | £65k | Grant awarded to Keyfund Federation Limited (North East & Cumbria) |
| Northern Rock Foundation | 28/09/2009 | £3k | Grant awarded to Keyfund Federation Limited (North East) |
| Northern Rock Foundation | 06/10/2008 | £210k | Grant awarded to Keyfund Federation Limited (North East) |
| The National Lottery Community Fund | 14/12/2006 | £106k | Young people led, annual celebration events |
| The National Lottery Community Fund | 17/03/2006 | £5k | Keyfund Federation |
| Northern Rock Foundation | 12/07/2005 | £390k | Grant awarded to Keyfund Federation Limited (North East) |
| Northern Rock Foundation | 12/02/2002 | £1.0m | Grant awarded to Keyfund Federation Limited (North East) |