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Pilgrims' Friend Society Group

Registered charity 1134979 · accounts filings on the Charity Commission register · also known as APFS 1807, PILGRIMS' FRIEND SOCIETY, THE PILGRIMS FRIEND GROUP

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Latest income
£26.9m
Latest spending
£24.2m
Registered
2010
Accounts read
FY2023

Financial health, per its FY2023 accounts

The accounts state that the group made a net surplus of £6,541,000 for the year ended 31 March 2023, driven significantly by non-repeating exceptional income including property gifts and legacies. Per the trustees' report, unrestricted reserves stood at £4,202,000, which is above the stated policy target of £1,000,000. The trustees confirmed adequate resources for the foreseeable future with no material uncertainties identified regarding going concern.

What the accounts disclose

Highest-paid employee band: £90,001 - £100,000 — below the median for charities its size (£130k)
“Three of those employees earned between £60,000 and £70,000, one earned between £80,000 and £90,000 and one earned between £90,000 and £100,000”
Per its FY2023 accounts as filed with the Charity Commission.
Employees paid over £60,000: 5
“The emoluments of five employees exceeded £60,000 in the year ended 31 March 2023” — page 21
Per its FY2023 accounts as filed with the Charity Commission.
Reserves policy: £1,000,000 (held: £4.2m)
“This means that the reserves (that is, the part of the charity’s unrestricted funds that is freely available to spend on any of the charity’s purposes) is £4,202,000; a surplus of £3,202,000 against a target of £1,000,000.” — page 9
Per its FY2023 accounts as filed with the Charity Commission.
Payments to trustees: Mr Martyn Hallett received £3,044 remuneration plus £144 pension contributions for employment as pastoral co-ordinator.
“Remuneration of £3,044 plus pension contributions of £144 were paid to one trustee, Mr Martyn Hallett, during the year for employment as pastoral co-ordinator on a part time basis.” — page 21
Per its FY2023 accounts as filed with the Charity Commission.

Accounts audited by Jacob Cavenagh & Skeet. Discloses 6 of 6 completeness components.

Structured financials (annual return, FY ending 31/03/2025)

Total income
£26.9m
Total spending
£24.2m
Cost of raising funds
£45k
Reserves (reported)
£23.7m
Employees
703

Reported reserves equal ~11.7 months of spending — in the top quarter for charities its size (median 4.6 months; benchmarks).

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Trustees

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

Operates in: Scotland · Throughout England

Income and spending

Financial year endIncomeSpending
31/03/2025£26.9m£24.2m
31/03/2024£29.8m£20.8m
31/03/2023£25.3m£18.7m
31/03/2022£15.9m£15.5m
31/03/2021£15.0m£14.5m

Common questions

Is Pilgrims' Friend Society Group financially healthy?

The accounts state that the group made a net surplus of £6,541,000 for the year ended 31 March 2023, driven significantly by non-repeating exceptional income including property gifts and legacies. Per the trustees' report, unrestricted reserves stood at £4,202,000, which is above the stated policy target of £1,000,000. The trustees confirmed adequate resources for the foreseeable future with no material uncertainties identified regarding going concern. Its FY2023 accounts were audited by Jacob Cavenagh & Skeet.

What does the highest-paid employee of Pilgrims' Friend Society Group earn?

Per its FY2023 accounts, the highest-paid employee was in the £90,001 - £100,000 band, and 5 employees earned over £60,000.