IMPETUS - THE PRIVATE EQUITY FOUNDATION
Impetus transforms the lives of young people from disadvantaged backgrounds by ensuring they get the right support to succeed in school, in work and in life.We find, fund and build the most promising charities working with these young people, providing core funding and working shoulder-to-shoulder with their leaders to help them become stronger organisations.
Objects
THE CHARITY'S OBJECTS ARE TO ADVANCE ALL PURPOSES RECOGNISED AS CHARITABLE UNDER THE LAWS OF ENGLAND AND WALES AND TO PROMOTE THE EFFICIENCY AND EFFECTIVENESS OF CHARITIES AND THE PROMOTION OF THE EFFECTIVE USE OF RESOURCES FOR CHARITABLE PURPOSES.
Financial health, per its FY2025 accounts
The accounts state that the group held total funds of £131.6m at the year end, a decrease from £158.6m the previous year, driven largely by the spend-down nature of the Youth Endowment Fund. The charity itself maintains unrestricted reserves of £7.4m, which the trustees describe as healthy, though free reserves are noted to be £0.7m after earmarking for conditional grants.
What the accounts disclose
“Donations and grants 16,966,435” — page 29
“Minimum unrestricted funds being set as six months operating costs and the cash cost of any office lease commitment up until the break” — page 12
“Impetus has a wholly owned trading subsidiary, PEF Trading Limited.” — page 2
Policies the charity declares
- Bullying and harassment policy and procedures
- Campaigns and political activity policy and procedures
- Complaints handling
- Complaints policy and procedures
- Conflicting interests
- Engaging external speakers at charity events policy and procedures
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Investing charity funds policy and procedures
- Investment
- Paying staff
- Risk management
- Safeguarding policy and procedures
- Safeguarding vulnerable beneficiaries
- Serious incident reporting policy and procedures
- Social media policy and procedures
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
- Volunteer management
From the charity’s annual return (Part A, self-declared)
Self-declared on the annual return for the financial year ending 31/03/2025
- Government income: £4,869,972 — grants £4,869,972 (4); 20% of the £24,112,846 total gross income on the same return
- Employees paid over £60,000: 33 (£60,001–£70,000: 11; £70,001–£80,000: 10; £80,001–£90,000: 5; £90,001–£100,000: 2; £100,001–£110,000: 2; £110,001–£120,000: 1; £130,001–£140,000: 1; £140,001–£150,000: 1)
- Has a trading subsidiary
- Grant-making is its main activity
Self-declared on the annual return for the financial year ending 31/03/2024
- Government income: £3,164,769 — grants £3,164,769 (3); 14% of the £22,206,602 total gross income on the same return
- Employees paid over £60,000: 26 (£60,001–£70,000: 10; £70,001–£80,000: 8; £80,001–£90,000: 4; £90,001–£100,000: 1; £100,001–£110,000: 1; £110,001–£120,000: 1; £130,001–£140,000: 1)
- Has a trading subsidiary
- Grant-making is its main activity
Self-declared on the annual return for the financial year ending 31/03/2023
- Government income: £161,493 — grants £161,493 (1); under 1% of the £27,161,239 total gross income on the same return
- Employees paid over £60,000: 37 (£60,001–£70,000: 18; £70,001–£80,000: 7; £80,001–£90,000: 6; £90,001–£100,000: 1; £110,001–£120,000: 4; £120,001–£130,000: 1)
- Has a trading subsidiary
- Grant-making is its main activity
In the news
Leadership, per the charity’s website
- Claire Tracey — Executive Assistant to the CEO
- Cecilie Lehmann Gianneri — Director of Finance and Operations
- Claire Leigh — Director of Public Affairs
- Claudia R. Knights — Development Director
- Daniel Barker — Development Director
- Kerry Greaves — Director of Events
Structured financials (annual return, FY ending 31/03/2025)
Trustees
- BILL BENJAMINchair
- Alexander Walsh
- Andrew Thoms
- Arnaud Emmanuel Frederic Bosquet
- Charles Edwards
- Christian Yannick Lucas
- Gabriele Cipparrone
- Lisa Harker
- Natasha Porter OBE
- Satwinder Singh
- Shani Zindel
- Sumit Dheir
- Tristram Leach
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £24.1m | £52.5m |
| 31/03/2024 | £22.2m | £42.3m |
| 31/03/2023 | £27.2m | £42.2m |
| 31/12/2021 | £20.8m | £28.1m |
| 31/12/2020 | £13.1m | £24.9m |
Common questions
Is IMPETUS - THE PRIVATE EQUITY FOUNDATION financially healthy?
Per its FY2025 accounts: The accounts state that the group held total funds of £131.6m at the year end, a decrease from £158.6m the previous year, driven largely by the spend-down nature of the Youth Endowment Fund. The charity itself maintains unrestricted reserves of £7.4m, which the trustees describe as healthy, though free reserves are noted to be £0.7m after earmarking for conditional grants. Its FY2025 accounts were audited by HaysMac LLP.
Who funds IMPETUS - THE PRIVATE EQUITY FOUNDATION?
Funders whose own accounts filings name IMPETUS - THE PRIVATE EQUITY FOUNDATION as a grant recipient include NPT Transatlantic Limited, National Philanthropic Trust UK Limited, THE INFLEXION FOUNDATION, THE APAX FOUNDATION, THE STONE FAMILY FOUNDATION.
Known funders
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| NPT Transatlantic Limited | FY2025 | £2.2m | |
| NPT Transatlantic Limited | FY2024 | £2.2m | |
| NPT Transatlantic Limited | FY2023 | £1.5m | |
| National Philanthropic Trust UK Limited | FY2022 | £800k | |
| National Philanthropic Trust UK Limited | FY2023 | £800k | |
| THE INFLEXION FOUNDATION | FY2025 | £580k | |
| THE APAX FOUNDATION | FY2024 | £232k | |
| THE APAX FOUNDATION | FY2021 | £231k | Social enterprise and relief of financial hardship |
| THE APAX FOUNDATION | FY2023 | £231k | Social mobility |
| THE STONE FAMILY FOUNDATION | FY2025 | £225k | Grant payment (Related party transaction) |
| THE STONE FAMILY FOUNDATION | FY2024 | £225k | |
| THE APAX FOUNDATION | FY2025 | £213k | Social mobility |
| THE STONE FAMILY FOUNDATION | FY2021 | £200k | |
| THE STONE FAMILY FOUNDATION | FY2023 | £150k | |
| THE INFLEXION FOUNDATION | FY2022 | £143k | Donation/Grant |
| THE TUIXEN FOUNDATION | FY2024 | £110k | |
| THE TUIXEN FOUNDATION | FY2025 | £105k | |
| THE AIM FOUNDATION | FY2023 | £90k | Young People |
| THE STONE FAMILY FOUNDATION | FY2022 | £78k | |
| THE WESTMINSTER FOUNDATION | FY2021 | £75k | Funding towards accelerating the work of the Youth Employment Group. |
| THE ANGLO-AMERICAN CHARITY LIMITED | FY2022 | Unverified read£74k | |
| THE ANGLO-AMERICAN CHARITY LIMITED | FY2021 | £62k | |
| EAST HEAD IMPACT | FY2022 | £50k | Co-fund Impetus’ charitable activities. |
| EAST HEAD IMPACT | FY2025 | £50k | General charitable activities |
| BC Partners Foundation | FY2025 | £50k | |
| EAST HEAD IMPACT | FY2024 | £50k | Co-funding charitable activities |
| THE AIM FOUNDATION | FY2022 | £35k | Young People |
| THE AIM FOUNDATION | FY2025 | £30k | Children & Young People’s Mental Health |
| THE AIM FOUNDATION | FY2024 | £30k | Multi-year grant payment |
| THE TUIXEN FOUNDATION | FY2023 | £30k | |
| THE LIVINGBRIDGE FOUNDATION | FY2024 | £25k | |
| PRIVACY INTERNATIONAL | FY2022 | £20k | |
| THE JMCMRJ SORRELL FOUNDATION | FY2021 | £10k | poverty alleviation |
| PRIVACY INTERNATIONAL | FY2023 | £1k | |
| The Squire Patton Boggs Charitable Trust | FY2021 | £500 | General Charitable Purposes |
| The Squire Patton Boggs Charitable Trust | FY2022 | £200 | General Charitable Purposes |
| THE ANGLO-AMERICAN CHARITY LIMITED | FY2023 | amount not stated | |
| Evelyn Partners Charitable Trust | FY2024 | amount not stated | Employee grant support programme |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE KIAWAH CHARITABLE TRUST | 1 | £873k |
| ELRHA | 1 | £271k |
| THE CAMELLIA FOUNDATION | 1 | £115k |
| CHK Foundation | 1 | £100k |
| THE BLAGRAVE TRUST | 1 | £81k |
| THE COLES-MEDLOCK FOUNDATION | 1 | £70k |
| THE KIRBY LAING FOUNDATION | 1 | £70k |
| THE LAKE FOUNDATION CHARITABLE TRUST | 1 | £50k |
Charities like this
- IMPEX MANAGEMENT FOUNDATION
- ESSEX YOUTH TRUST
- INSPIRE PLUS
- INTERMISSION YOUTH
- ENACTUS UK
- IMPACT FOUNDATION
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| IMPETUS - THE PRIVATE EQUITY FOUNDATION | £24.1m | — | — | above | — | no doubt |
| IMPEX MANAGEMENT FOUNDATION | £30k | — | 0 | above | — | no doubt |
| ESSEX YOUTH TRUST | £88k | — | 0 | unclear | — | no doubt |
| INSPIRE PLUS | £1.2m | £60,001 - £70,000 | 1 | below | — | no doubt |
| INTERMISSION YOUTH | £642k | more than £60,000 | 1 | unclear | — | no doubt |
| ENACTUS UK | £249k | — | 0 | unclear | — | no doubt |