EMPOWER COMMUNITY FOUNDATION
Empower Community Foundation oversees, as trustee, local community funds that receive a share of surplus revenues from renewable energy projects invested by Empower Community through, initially Empower Community Solar LLP and Drove Lane Solar Park CIC and New Mains of Guynd Solar Park CIC.
Financial health, per its FY2025 accounts
The accounts state that the Group has total net liabilities of £3,521,930 and unrestricted funds in deficit. The auditor has reported a material uncertainty regarding the Group's ability to continue as a going concern due to significant external debt obligations and the dependency of the subsidiary Consensus Power Trading on financial support from the wider Group.
What the accounts disclose
“The Group aims to maintain a level of reserves in future sufficient to enable its project and donor activities to be undertaken year on year once funding is received.” — page 6
“We draw attention to note 2.3 in the financial statements, which indicates that events and conditions exist that give rise to a material uncertainty that may cast significant doubt on the Group’s ability to continue as a going concern.” — page 11
“During the year, Empower Community Management LLP settled invoices totalling £Nil (2024 - £Nil). At the year end, a balance of £50,238 (2024 - £6,710) is due from Empower Community Management LLP. This loan is unsecured, interest free and repayable on demand.” — page 47
“During the year Empower Community Foundation advanced funds of £227,360 (2024 - £Nil) to Universal Energy Developments Limited, a company with connected directors.” — page 47
“During the year, Empower Community Management LLP settled invoices totalling £Nil (2024 - £Nil). At the year end, a balance of £50,238 (2024 - £6,710) is due from Empower Community Management LLP. This loan is unsecured, interest free and repayable on demand.” — page 47
“During the year Empower Community Foundation advanced funds of £227,360 (2024 - £Nil) to Universal Energy Developments Limited, a company with connected directors.” — page 47
Year-over-year changes
- Going concern: no going-concern doubt (FY2024) → material uncertainty (FY2025).
Structured financials (annual return, FY ending 31/03/2025)
Trustees
- ALEX GRAYSONchair
- Harish Chhaganlal Kotecha
- Matthew Thomas Pitt
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £5.1m | £5.3m |
| 31/03/2024 | £5.6m | £4.6m |
| 31/03/2023 | £3.3m | £3.2m |
| 31/03/2022 | £2.7m | £2.9m |
| 31/03/2021 | £99k | £194k |
Common questions
Is EMPOWER COMMUNITY FOUNDATION financially healthy?
Per its FY2025 accounts: The accounts state that the Group has total net liabilities of £3,521,930 and unrestricted funds in deficit. The auditor has reported a material uncertainty regarding the Group's ability to continue as a going concern due to significant external debt obligations and the dependency of the subsidiary Consensus Power Trading on financial support from the wider Group. Its FY2025 accounts were audited by MHA.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| GOLDMAN SACHS GIVES (UK) | 1 | £2.2m |
| LOCAL TRUST | 1 | £1.1m |
| THE WESTMINSTER FOUNDATION | 1 | £400k |
| COVENTRY BUILDING SOCIETY CHARITABLE FOUNDATION | 1 | £312k |
| THE BARROW CADBURY TRUST | 1 | £295k |
| THE ALAN EDWARD HIGGS CHARITY | 1 | £250k |
| THE JABBS FOUNDATION | 1 | £210k |
| THE FOYLE FOUNDATION | 1 | £200k |
Charities like this
- COMMUNITY FOUNDATIONS FOR LANCASHIRE AND MERSEYSIDE
- THE BAYWIND ENERGY COMMUNITY TRUST
- CIVIC POWER FUND
- EMPOWER - THE EMERGING MARKETS FOUNDATION LIMITED
- FRUGAL EMPOWERMENT FOUNDATION
- HEART OF ENGLAND COMMUNITY FOUNDATION
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| EMPOWER COMMUNITY FOUNDATION | £5.1m | — | 0 | unclear | — | material uncertainty |
| COMMUNITY FOUNDATIONS FOR LANCASHIRE AND MERSEYSIDE | £4.4m | — | — | above | — | no doubt |
| THE BAYWIND ENERGY COMMUNITY TRUST | £177k | — | 0 | unclear | — | no doubt |
| CIVIC POWER FUND | £3.4m | — | — | within | — | no doubt |
| EMPOWER - THE EMERGING MARKETS FOUNDATION LIMITED | £3.7m | £130,001 - £140,000 | — | above | 9.6% | no doubt |
| FRUGAL EMPOWERMENT FOUNDATION | £262k | — | 0 | unclear | — | no doubt |