LOCALGIVING FOUNDATION
Financial health, per its FY2025 accounts
The accounts state that the group reported a surplus of £68,214 for the year ended 31 March 2025, reversing a deficit in the prior year. However, the charity carries significant unrestricted deficits, with general funds at a deficit of £476,515 and group general funds at a deficit of £4,490,031 due to accumulated trading losses in its subsidiary. The trustees consider the charity a going concern, citing strong growth in voluntary income and confidence in future increases.
What the accounts disclose
“There was one employee who received total employee benefits (excluding employer pension costs) in the year in the band £100,001 - £110,000” — page 44
“There was one employee who received total employee benefits (excluding employer pension costs) in the year in the band £100,001 - £110,000” — page 44
“At the balance sheet date, the Group had negative free reserves of £7,106,509 (2024: negative £5,014,835)” — page 23
“At the year end, Localgiving Foundation owed a total of £3,347,331 (2024: £3,091,823) to a Trustee that was provided as a bridging loan at significantly better terms and rates than other financing options available to the Localgiving Foundation at the time or after. Interest is payable at 9.75% per annum and £1,568,299 (2024: £1,252,741) of cumulative interest has been accrued.” — page 53
“During the year, £7,000,234 (2024: £6,744,294) in online donations was received by Localgiving Ltd on behalf of Localgiving Foundation. Localgiving Ltd paid out £6,090,816 (2024: £7,074,815) in grants to local charities and recharged £500,757 (2024: £437,432) in transaction fees, which are eliminated upon consolidation.” — page 53
“At the year end, Localgiving Foundation owed a total of £3,347,331 (2024: £3,091,823) to a Trustee that was provided as a bridging loan at significantly better terms and rates than other financing options available to the Localgiving Foundation at the time or after. Interest is payable at 9.75% per annum and £1,568,299 (2024: £1,252,741) of cumulative interest has been accrued.” — page 53
“During the year, £7,000,234 (2024: £6,744,294) in online donations was received by Localgiving Ltd on behalf of Localgiving Foundation. Localgiving Ltd paid out £6,090,816 (2024: £7,074,815) in grants to local charities and recharged £500,757 (2024: £437,432) in transaction fees, which are eliminated upon consolidation.” — page 53
“At the year end, Localgiving Foundation owed a total of £3,347,331 (2024: £3,091,823) to a Trustee that was provided as a bridging loan at significantly better terms and rates than other financing options available to the Localgiving Foundation at the time or after. Interest is payable at 9.75% per annum and £1,568,299 (2024: £1,252,741) of cumulative interest has been accrued.” — page 53
“During the year, £7,000,234 (2024: £6,744,294) in online donations was received by Localgiving Ltd on behalf of Localgiving Foundation. Localgiving Ltd paid out £6,090,816 (2024: £7,074,815) in grants to local charities and recharged £500,757 (2024: £437,432) in transaction fees, which are eliminated upon consolidation.” — page 53
“The Charity commissions Localgiving Ltd (the “Subsidiary”) to operate its grant distribution and fundraising platform, Localgiving.org.” — page 10
Leadership, per the charity’s website
- Tom Latchford — Chair
Funders the charity credits
- National Grid
- People’s Postcode Lottery
- SP Energy Networks
- Department for Culture Media and Sport
Structured financials (annual return, FY ending 31/03/2025)
Trustees
- TOM LATCHFORDchair
- Benjamin Miller
- Gillian Mead
- LARA COWIN
- REBECCA SWEETMAN
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £8.0m | £8.0m |
| 31/03/2024 | £8.8m | £9.7m |
| 31/03/2023 | £8.7m | £9.1m |
| 31/03/2022 | £7.8m | £8.0m |
| 31/03/2021 | £11.0m | £10.4m |
Common questions
Is LOCALGIVING FOUNDATION financially healthy?
The accounts state that the group reported a surplus of £68,214 for the year ended 31 March 2025, reversing a deficit in the prior year. However, the charity carries significant unrestricted deficits, with general funds at a deficit of £476,515 and group general funds at a deficit of £4,490,031 due to accumulated trading losses in its subsidiary. The trustees consider the charity a going concern, citing strong growth in voluntary income and confidence in future increases. Its FY2025 accounts were audited by Goodman Jones LLP.
What does the highest-paid employee of LOCALGIVING FOUNDATION earn?
Per its FY2025 accounts, the highest-paid employee was in the £100,001 - £110,000 band, and 1 employees earned over £60,000.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| Postcode Lottery | 12/12/2022 | £185k | 2023 Magic Little Grants |
| Postcode Lottery | 12/12/2022 | £325k | 2023 Magic Little Grants |
| Postcode Lottery | 12/12/2022 | £197k | 2023 Magic Little Grants |
| Postcode Lottery | 12/12/2022 | £197k | 2023 Magic Little Grants |
| Postcode Lottery | 12/12/2022 | £197k | 2023 Magic Little Grants |
| Postcode Lottery | 12/12/2022 | £325k | 2023 Magic Little Grants |
| Postcode Lottery | 19/11/2021 | £207k | 2022 Magic Little Grants |
| Postcode Lottery | 19/11/2021 | £336k | 2022 Magic Little Grants |
| Postcode Lottery | 19/11/2021 | £207k | 2022 Magic Little Grants |
| Postcode Lottery | 19/11/2021 | £207k | 2022 Magic Little Grants |
| Postcode Lottery | 19/11/2021 | £206k | 2022 Magic Little Grants |
| Postcode Lottery | 19/11/2021 | £336k | 2022 Magic Little Grants |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| POWER TO CHANGE TRUST | 1 | £529k |
| THE PEARS FAMILY CHARITABLE FOUNDATION | 1 | £300k |
| THE WESTMINSTER FOUNDATION | 1 | £200k |
| DAVID LAING FOUNDATION | 1 | £106k |
| THE LIZ AND TERRY BRAMALL FOUNDATION | 1 | £100k |
| THE MURIEL AND GERSHON COREN CHARITABLE FOUNDATION | 1 | £80k |
| B K CHARITABLE TRUST | 1 | £72k |
| THE JOHN ARMITAGE CHARITABLE TRUST | 1 | £70k |