THE PENNIES FOUNDATION

Registered charity 1122489 · accounts filings on the Charity Commission register · Wikidata: Q7163428 · Wikipedia · also known as PENNIES

PROMOTING THE VOLUNTARY SECTOR BY ENCOURAGING AND FACILITATING CHARITABLE GIVING THROUGH THE USE OF TECHNOLOGY (IN PARTICULAR USING PENNIES THE DIGITAL CHARITY BOX (PENNIES) DESIGNED TO MAKE IT EASIER TO GIVE TO CHARITY, AND MONITORING THE USE OF THE FUNDS BY CHARITABLE ORGANISATIONS.

Objects

1 THE PROMOTION OF THE VOLUNTARY SECTOR IN PARTICULAR (BUT NOT EXCLUSIVELY) BY ENCOURAGING AND FACILITATING CHARITABLE GIVING, ASSISTING IN THE APPLICATION OF FUNDS FOR CHARITABLE PURPOSES AND MONITORING THE USE OF SUCH FUNDS BY CHARITABLE ORGANISATIONS;2 THE PROMOTION OF THE EFFICIENCY AND EFFECTIVENESS OF CHARITIES AND THE EFFECTIVE USE OF CHARITABLE RESOURCES IN PARTICULAR (BUT NOT EXCLUSIVELY) BY PROVIDING ADVICE TO CHARITIES AND ORGANISATIONS SEEKING TO MAXIMISE CHARITABLE GIVING, EXCHANGING INFORMATION WITH SUCH CHARITIES AND ORGANISATIONS AND PROVIDING TECHNOLOGY AND INFRASTRUCTURE DESIGNED TO MAKE IT EASIER TO GIVE TO CHARITY; AND3 SUCH OTHER PURPOSES THAT ARE EXCLUSIVELY CHARITABLE AS THE TRUSTEES FROM TIME TOTIME THINK FIT (“THE OBJECTS”).

Area of benefit: IN THE UK AND IN ANY OTHER COUNTRY; ANY PART OF THE WORLD; THROUGHOUT THE WORLD.

The charity’s charitable objects and area of benefit, quoted from its governing document as held on the Charity Commission register.

Causes: General Charitable Purposes · Other Charitable Purposes · Grant history (this charity is a funder) · website · Get email alerts

Registered contact address: City of London, London, England (from the postcode on the register)

Latest income
£16.4m
Latest spending
£16.3m
Registered
2008
Accounts read
FY2025

Financial health, per its FY2025 accounts

The accounts state that unrestricted reserves stood at £1,664,231, which is slightly above the trustees' stated policy target of nine months' operational expenditure. The charity reports that over 70% of its annual operational expenditure was self-funded through retained micro-donations in 2025, demonstrating a move toward financial independence. The trustees and auditors confirm the charity is a going concern with no material uncertainties regarding its ability to continue in operational existence.

Automated summary of the FY2025 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Highest-paid employee band: £100,001 - £110,000 — below the median for charities its size (£130k)
“£100,001 - £110,000 4 =” — page 30
Per its FY2025 accounts as filed with the Charity Commission.
Reserves policy: nine months’ operational expenditure on a forward-looking basis (held: £1.7m)
“target level to maintain a general reserve of unrestricted funds equal to at least nine months’ operational expenditure on a forward-looking basis”
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Trustees donated £103,000
“2 (2024: 1) trustees donated a total of £103,000 in the year (2024: £100,000)” — page 31
“Alison Hutchinson, the CEO of the Charity, is a non-executive director of the retailer DFS Furniture plc which owns Sofology Limited. During the year Sofology Limited supported the Charity by enabling Pennies in its stores collecting £22,655” — page 31
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Sofology Limited (CEO is non-executive director) collected £22,655
“2 (2024: 1) trustees donated a total of £103,000 in the year (2024: £100,000)” — page 31
“Alison Hutchinson, the CEO of the Charity, is a non-executive director of the retailer DFS Furniture plc which owns Sofology Limited. During the year Sofology Limited supported the Charity by enabling Pennies in its stores collecting £22,655” — page 31
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: JD Sports Fashion plc (Trustee is non-executive director) collected £421,037
“2 (2024: 1) trustees donated a total of £103,000 in the year (2024: £100,000)” — page 31
“Alison Hutchinson, the CEO of the Charity, is a non-executive director of the retailer DFS Furniture plc which owns Sofology Limited. During the year Sofology Limited supported the Charity by enabling Pennies in its stores collecting £22,655” — page 31
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Prism The Gift Fund (Trustee is trustee of fund) received £447 grant
“2 (2024: 1) trustees donated a total of £103,000 in the year (2024: £100,000)” — page 31
“Alison Hutchinson, the CEO of the Charity, is a non-executive director of the retailer DFS Furniture plc which owns Sofology Limited. During the year Sofology Limited supported the Charity by enabling Pennies in its stores collecting £22,655” — page 31
Per its FY2025 accounts as filed with the Charity Commission.

Accounts audited by RSM UK Audit LLP. Discloses 5 of 6 completeness components.

Policies the charity declares

In its annual return the charity told the Commission that it has the policies listed below. This is self-declared: it is not verified by the Commission or by this site, and it is not evidence of how a policy works in practice.

From the charity’s annual return (Part A, self-declared)

Answers and figures the charity gave in Part A of its annual return to the Charity Commission. They are self-declared: not verified by the Commission or by this site. Only positive answers and figures are listed; items not listed are simply not shown.

Self-declared on the annual return for the financial year ending 31/12/2025

  • Volunteers: 1
  • Employees paid over £60,000: 6 (£60,001–£70,000: 4; £70,001–£80,000: 1; £100,001–£110,000: 1)
  • Grant-making is its main activity

Self-declared on the annual return for the financial year ending 31/12/2024

  • Volunteers: 2
  • Employees paid over £60,000: 4 (£60,001–£70,000: 1; £70,001–£80,000: 2; £90,001–£100,000: 1)
  • Grant-making is its main activity

Self-declared on the annual return for the financial year ending 31/12/2023

  • Volunteers: 2
  • Employees paid over £60,000: 3 (£60,001–£70,000: 1; £70,001–£80,000: 1; £90,001–£100,000: 1)
  • Grant-making is its main activity

Source: this charity’s annual returns on the Charity Commission register.

Public fundraising profile: JustGiving — Pennies (matched by registered charity number).

Leadership, per the charity’s website

Listed on the charity’s own website when we last crawled it; roles may have changed. Pay-band disclosures above are anonymous statutory disclosures and are not attributed to any named individual.

Property (HM Land Registry)

1 registered title in England and Wales held by the charity’s company or corporate body (0 freehold). All charity-held property. Contains HM Land Registry data © Crown copyright, OGL v3.0.

Public profiles (found on the charity’s own website): facebook (2,766 followers) · instagram (644 followers)

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

Total income
£16.4m
Total spending
£16.3m
Reserves (reported)
£1.7m
Employees
22

Reported reserves equal ~1.2 months of spending — in the bottom quarter for charities its size (median 4.6 months; benchmarks).

Per its annual return, largest income source: Donations and legacies (100% of income) — components as reported reconcile to the return’s total income; not from the accounts narrative.

Per its annual return, cost of raising funds: 0.0% of total income — below the median for charities its size (3.7%) (benchmarks).

Trustees · trustee networks

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

Operates in: Ireland · Jersey · Northern Ireland · Scotland · Throughout England And Wales

Income and spending

Financial year endIncomeSpending
31/12/2025£16.4m£16.3m
31/12/2024£11.5m£11.4m
31/12/2023£9.4m£9.4m
31/12/2022£7.4m£7.6m
31/12/2021£6.5m£6.5m

Common questions

Is THE PENNIES FOUNDATION financially healthy?

Per its FY2025 accounts: The accounts state that unrestricted reserves stood at £1,664,231, which is slightly above the trustees' stated policy target of nine months' operational expenditure. The charity reports that over 70% of its annual operational expenditure was self-funded through retained micro-donations in 2025, demonstrating a move toward financial independence. The trustees and auditors confirm the charity is a going concern with no material uncertainties regarding its ability to continue in operational existence. Its FY2025 accounts were audited by RSM UK Audit LLP.

What does the highest-paid employee of THE PENNIES FOUNDATION earn?

Per its FY2025 accounts, the highest-paid employee was in the £100,001 - £110,000 band.

Who funds THE PENNIES FOUNDATION?

Funders whose own accounts filings name THE PENNIES FOUNDATION as a grant recipient include THE PEARS FAMILY CHARITABLE FOUNDATION.

Known funders

Grants to this charity found in funders’ own accounts filings.

FunderYearAmountPurpose (as stated by the funder)
THE PEARS FAMILY CHARITABLE FOUNDATIONFY2025£300kCore funding
THE PEARS FAMILY CHARITABLE FOUNDATIONFY2021£300kCore Funding - three years renewal

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.

Charities like this

Semantically similar by activities and financial character, from our analysed corpus. Compare with THE PENNY TRUST.

Side by side with its peers

CharityIncomeTop pay bandStaff >£60kReserves vs policyFundraising costGoing concern
THE PENNIES FOUNDATION£16.4m£100,001 - £110,000—above—no doubt
THE PENNY TRUST FY2026£98k—0unclear—no doubt
CHAMPNEYS CHARITABLE FOUNDATION FY2025£26k—0above—no doubt
PS FOUNDATION FY2025£560k—0unclear—no doubt
THE PENDERELS TRUST LIMITED FY2025£9.5m—1above—no doubt
PARTICIPATE PROJECTS FY2025£627k—0unclear—no doubt

Each row is that charity’s latest analysed filing; every value is quote-backed on its own page.