THE PENNIES FOUNDATION
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.
Financial health, per its FY2024 accounts
The accounts state that unrestricted reserves stood at £1,496,202, which is within the trustees' stated target of maintaining at least nine months' operational expenditure (£1.2m). The charity reported a net income surplus of £98,246 for the year, with total incoming resources increasing by 22% to £11,450,284, driven largely by a first-year rise in micro-donations exceeding £10 million.
What the accounts disclose
Leadership, per the charity’s website
- Alison Hutchinson CBE — Chief Executive Officer
- Peter Nugent — Finance Director
- Marian Duxbury — Chief Finance Officer
- Jim Dolan — Chief Transformation and Technology Officer
- Ann Tomsett — Commercial Director (Volunteer)
- Holly Clawson — Head of Product and Technology
- Jo Wadham — Head of Legal & Governance
- Rozi Collier — Head of Marketing and Charities
Property (HM Land Registry)
Structured financials (annual return, FY ending 31/12/2025)
Trustees
- ROBERT LEITAOchair
- Angela Luger
- Graham Edwards
- JULIAN TAYLOR
- Leigh Thomas
- PENNY LOVELL
- Paul Michael Bain
- Peter George Edwin Ayliffe
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 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 FY2024 accounts: The accounts state that unrestricted reserves stood at £1,496,202, which is within the trustees' stated target of maintaining at least nine months' operational expenditure (£1.2m). The charity reported a net income surplus of £98,246 for the year, with total incoming resources increasing by 22% to £11,450,284, driven largely by a first-year rise in micro-donations exceeding £10 million. Its FY2024 accounts were audited by RSM UK Audit LLP.
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
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| THE PEARS FAMILY CHARITABLE FOUNDATION | FY2025 | £300k | Core funding |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| UBS UK Donor-Advised Foundation | 1 | £2.0m |
| EFFECTIVE VENTURES FOUNDATION | 1 | £1.2m |
| JOFFE CHARITABLE TRUST CIO | 1 | £125k |
| PONOSI FOUNDATION | 1 | £8k |
| MUSLIM COMMUNITY & EDUCATION CENTRE (MCEC) | 1 | £5k |
| MOISHE AND ESTHER ITZINGER FOUNDATION LIMITED | 1 | £5k |
| THE LAUFFER FAMILY CHARITABLE TRUST | 1 | £5k |
Charities like this
- THE PURI FOUNDATION
- Founders Pledge Ltd
- CENTRE FOR THE ACCELERATION OF SOCIAL TECHNOLOGY
- THE ROBERT MCALPINE FOUNDATION
- PENINIM CHARITY TRUST
- PONOSI FOUNDATION
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| THE PENNIES FOUNDATION | £16.4m | — | — | unclear | — | no doubt |
| THE PURI FOUNDATION | £5.3m | — | 0 | above | — | no doubt |
| Founders Pledge Ltd | £245.8m | — | — | unclear | — | no doubt |
| CENTRE FOR THE ACCELERATION OF SOCIAL TECHNOLOGY | £1.0m | £90,001 - £100,000 | 2 | below | — | no doubt |
| THE ROBERT MCALPINE FOUNDATION | £1.1m | — | 0 | above | — | no doubt |
| PENINIM CHARITY TRUST | £319k | — | 0 | unclear | — | no doubt |