THE ARSENAL FOUNDATION
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net expenditure of £229,042 for the year, resulting in a decrease in total funds from £1,840,970 to £1,611,928. The Trustees consider the financial position to be satisfactory and maintain unrestricted reserves of £751,440, which are above the stated policy minimum of £400,000. The charity confirms it has adequate resources to continue as a going concern for at least twelve months from the date of signing.
What the accounts disclose
“The employee benefits of one employee (excluding employer pension costs) are in the range of £90,000 to £100,000 in the current year.” — page 19
“The employee benefits of one employee (excluding employer pension costs) are in the range of £90,000 to £100,000 in the current year. One employee received remuneration of more than £90,000 in the prior year.” — page 19
“The Trustees agreed to maintain the minimum level of reserves for 2023/24 in order to comply with the Reserves Policy. This was set at a minimum of £400,000 in 2021/22 with the intention to grow this reserve in future years.” — page 9
“In the year, there is an intercompany balance of £142,970 (2023: £378,806) owed to The Arsenal Foundation in 2024 relating to the donations made by the Club for the General Admission waiting list clear down and retail donations offset by monies owed to the Club for Arsenal In the Community donations and staff costs, in the year these costs were £233,829, there were also some small expenses paid on behalf of The Arsenal Foundation by Arsenal Football Club of £2,007, mainly related to travel costs.” — page 22
“Mr Richard Garlick, a trustee appointed on 1st August 2024 is Managing Director, of that company.” — page 22
“In the year, there is an intercompany balance of £142,970 (2023: £378,806) owed to The Arsenal Foundation in 2024 relating to the donations made by the Club for the General Admission waiting list clear down and retail donations offset by monies owed to the Club for Arsenal In the Community donations and staff costs, in the year these costs were £233,829, there were also some small expenses paid on behalf of The Arsenal Foundation by Arsenal Football Club of £2,007, mainly related to travel costs.” — page 22
“Mr Richard Garlick, a trustee appointed on 1st August 2024 is Managing Director, of that company.” — page 22
Year-over-year changes
- Top pay band moved from £70,001 - £80,000 (FY2023) to £90,001 - £100,000 (FY2024).
Structured financials (annual return, FY ending 31/05/2025)
Register events
- Received assets from another charity (13/02/2013)
Trustees
- ANDREW JOLLY
- Frederick John Hudson
- Katie Simpson Lloyd
- Michael Vincent Maloney
- Richard Paul Garlick
- SVENJA STEFANIE GEISSMAR
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/05/2025 | £625k | £713k |
| 31/05/2024 | £498k | £727k |
| 31/05/2023 | £1.3m | £780k |
| 31/05/2022 | £1.1m | £807k |
| 31/05/2021 | £267k | £330k |
Common questions
Is THE ARSENAL FOUNDATION financially healthy?
The accounts state that the charity reported a net expenditure of £229,042 for the year, resulting in a decrease in total funds from £1,840,970 to £1,611,928. The Trustees consider the financial position to be satisfactory and maintain unrestricted reserves of £751,440, which are above the stated policy minimum of £400,000. The charity confirms it has adequate resources to continue as a going concern for at least twelve months from the date of signing. Its FY2024 accounts were independently examined.
What does the highest-paid employee of THE ARSENAL FOUNDATION earn?
Per its FY2024 accounts, the highest-paid employee was in the £90,001 - £100,000 band, and 1 employees earned over £60,000.
Who funds THE ARSENAL FOUNDATION?
Funders whose own accounts filings name THE ARSENAL FOUNDATION as a grant recipient include CBRE UK CHARITABLE TRUST.
Known funders
| Funder | Year | Amount |
|---|---|---|
| CBRE UK CHARITABLE TRUST | FY2023 | £250 |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| STREETGAMES UK | 1 | £500k |
| BEIS MENACHEM CHABAD LUBAVITCH | 1 | £102k |
| MISSION INDIA | 1 | £75k |
| YESHIVAS LUBAVITCH MANCHESTER | 1 | £20k |
| THE SYLVIA AND COLIN SHEPHERD CHARITABLE TRUST | 1 | £20k |