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THE POTANIN FOUNDATION

Registered charity 1112813 · accounts filings on the Charity Commission register

Latest income
£2.2m
Latest spending
£619k
Registered
2006
Accounts read
FY2025

Financial health, per its FY2025 accounts

The accounts state that unrestricted reserves stood at $154m, an increase from $138m in the prior year, driven by investment gains and foreign exchange movements. The Interim Manager confirms the charity has adequate resources to continue in operation for at least twelve months, with no borrowings and substantial liquid assets. However, grant-making activities remain suspended pending the outcome of regulatory proceedings and potential further appeals by the Founder.

What the accounts disclose

Reserves policy: an adequate level of resources to support its future activities, such as grantmaking, capital investment and the financing of its operations (held: £193.3m)
“The Charity's policy is to maintain an adequate level of resources to support its future activities, such as grantmaking, capital investment and the financing of its operations.” — page 6
Per its FY2025 accounts as filed with the Charity Commission.

Accounts audited by SCB (Accountants) Ltd.

Charity Commission inquiry

The Charity Commission opened a statutory inquiry after the charity's founder was sanctioned under UK regulations, leading to the appointment of an interim manager to exclude the trustees. The inquiry remains ongoing, and no final regulatory outcome has been published.
“The Commission opened a statutory inquiry into the Potanin Foundation on 29 June 2022, after the charity’s founder and member, Vladimir Potanin, was sanctioned under the UK’s Russia (Sanctions) (EU Exit) Regulations 2019.”
“The Charity Commission has appointed an interim manager to the Potanin Foundation (1112813) to the exclusion of its trustees.”
Per the Commission’s published report. Summary is automated; the official report is authoritative.
Per the Commission’s published report. Summary is automated; the official report is authoritative.

Corporate structure

Structured financials (annual return, FY ending 31/12/2025)

Total income
£2.2m
Total spending
£619k
Cost of raising funds
£356k
Reserves (reported)
£117.1m
Employees
0

Trustees

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

Operates in: Russia

Income and spending

Financial year endIncomeSpending
31/12/2025£2.2m£619k
31/12/2024£2.5m£441k
31/12/2023£1.9m£400k
31/12/2022£729k£509k
31/12/2021£766k£798k

Common questions

Is THE POTANIN FOUNDATION financially healthy?

The accounts state that unrestricted reserves stood at $154m, an increase from $138m in the prior year, driven by investment gains and foreign exchange movements. The Interim Manager confirms the charity has adequate resources to continue in operation for at least twelve months, with no borrowings and substantial liquid assets. However, grant-making activities remain suspended pending the outcome of regulatory proceedings and potential further appeals by the Founder. Its FY2025 accounts were audited by SCB (Accountants) Ltd.

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.

FunderSimilar charities fundedAmount to them
KHODORKOVSKY FOUNDATION1£9.9m

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