THE PROGRESS FOUNDATION
We help charities reconnecting young people to society, through education, job-finding help or other activities, primarily in London. Our maximum grant is 25,000 per annum, for up to 3 years. We do not replace statutory funding or make grants to organisations promoting a particular religious belief unless the work is not for religious purposes and clearly fits our funding guidelines.
Financial health, per its FY2025 accounts
The accounts state that unrestricted reserves decreased from £2,052,644 to £1,704,419 due to grant expenditure exceeding investment income. The trustees report that sufficient resources remain to maintain their annual grant-making rate of approximately £150,000 to £200,000. The charity holds assets in cash and investments intended to cover at least eighteen months of outgoings.
What the accounts disclose
Trustees
- ROGER GRANVILLE PILGRIMchair
- NADINE BEATRICE MAJARO
- NIGEL JONATHON HAMWAY
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £44k | £387k |
| 31/03/2024 | £133k | £303k |
| 31/03/2023 | £71k | £231k |
| 31/03/2022 | £76k | £237k |
| 31/03/2021 | £132k | £279k |
Common questions
Is THE PROGRESS FOUNDATION financially healthy?
Per its FY2025 accounts: The accounts state that unrestricted reserves decreased from £2,052,644 to £1,704,419 due to grant expenditure exceeding investment income. The trustees report that sufficient resources remain to maintain their annual grant-making rate of approximately £150,000 to £200,000. The charity holds assets in cash and investments intended to cover at least eighteen months of outgoings. Its FY2025 accounts were independently examined.