THE WATERLOO FOUNDATION
Financial health, per its FY2025 accounts
The accounts state that unrestricted reserves stood at £241,107,314, a significant increase from the previous year's £220,064,926, driven by a large net gain on investments of £21,734,009. The trustees report a sound financial situation and explicitly state there is no requirement for an explicit reserves policy at this time. The charity generated a net income surplus of £21,042,388 despite total expenditure exceeding total incoming resources from donations and investment income.
What the accounts disclose
Leadership, per the charity’s website
- Heather Stevens — Chair of Trustees
Structured financials (annual return, FY ending 31/12/2025)
Trustees
- HEATHER STEVENSchair
- CAROLINE ANN OAKES
- David Graham Stevens
- Luke Benjamin Owen Stevens
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2025 | £15.5m | £16.2m |
| 31/12/2024 | £11.2m | £13.8m |
| 31/12/2023 | £10.3m | £13.7m |
| 31/12/2022 | £11.5m | £11.6m |
| 31/12/2021 | £14.3m | £11.1m |
Common questions
Is THE WATERLOO FOUNDATION financially healthy?
The accounts state that unrestricted reserves stood at £241,107,314, a significant increase from the previous year's £220,064,926, driven by a large net gain on investments of £21,734,009. The trustees report a sound financial situation and explicitly state there is no requirement for an explicit reserves policy at this time. The charity generated a net income surplus of £21,042,388 despite total expenditure exceeding total incoming resources from donations and investment income. Its FY2025 accounts were audited by Carston ETL.
Who funds THE WATERLOO FOUNDATION?
Funders whose own accounts filings name THE WATERLOO FOUNDATION as a grant recipient include WAR ON WANT, BWYD BOB AMSER.
Known funders
| Funder | Year | Amount |
|---|---|---|
| WAR ON WANT | FY2024 | £21k |
| BWYD BOB AMSER | FY2024 | £20k |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| The Ashley Tabor-King Foundation | 1 | £1.1m |
| ANA LEAF FOUNDATION | 1 | £1.0m |
| THE RUMI FOUNDATION | 1 | £550k |
| THE RUBIN FOUNDATION CHARITABLE TRUST | 1 | £300k |
| PETER DUBENS FAMILY FOUNDATION | 1 | £300k |
| IGY FOUNDATION | 1 | £250k |
| The Ethos Foundation | 1 | £200k |
| THE THOMPSON FAMILY CHARITABLE TRUST | 1 | £150k |