EMPOWER COMMUNITY FOUNDATION
Latest income
£5.1m
Latest spending
£5.3m
Registered
2015
Accounts read
FY2024
Financial health, per its FY2024 accounts
The accounts state that the Group and Foundation are in a net liability position with unrestricted funds at a deficit of £3,248,304. However, the Trustees maintain a going concern basis, citing expected future profits from current contracts and sufficient cashflows to meet obligations for the next 12 months.
What the accounts disclose
Reserves position: below the charity's own stated reserves policy
“At the year end, there was a deficit in unrestricted funds of £3,248,304 (2023 - £4,241,549).” — page 6
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Empower Community Management LLP settled invoices totalling £Nil (2023: £13,290. At the year end, a balance of £6,710 (2023: £6,710) is due from Empower Community Management LLP. This loan is unsecured, interest free and repayable on demand.
“During the year, Empower Community Management LLP settled invoices totalling £Nil (2023: £13,290. At the year end, a balance of £6,710 (2023: £6,710) is due from Empower Community Management LLP. This loan is unsecured, interest free and repayable on demand.” — page 42
“During the year, Empower Community Foundation gave loans of £396,288 (As Restated 2023: £4,173) to EarthHealth Partnership LLP, in which a director of Drove Lane Solar Park CIC and New Mains of Guynd Solar Park CIC is also a member. At year end, an unsecured balance of £400,461 (As Restated 2023: £4,173) was owed to Empower Community Foundation.” — page 42
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: During the year, Empower Community Foundation gave loans of £396,288 (As Restated 2023: £4,173) to EarthHealth Partnership LLP, in which a director of Drove Lane Solar Park CIC and New Mains of Guynd Solar Park CIC is also a member. At year end, an unsecured balance of £400,461 (As Restated 2023: £4,173) was owed to Empower Community Foundation.
“During the year, Empower Community Management LLP settled invoices totalling £Nil (2023: £13,290. At the year end, a balance of £6,710 (2023: £6,710) is due from Empower Community Management LLP. This loan is unsecured, interest free and repayable on demand.” — page 42
“During the year, Empower Community Foundation gave loans of £396,288 (As Restated 2023: £4,173) to EarthHealth Partnership LLP, in which a director of Drove Lane Solar Park CIC and New Mains of Guynd Solar Park CIC is also a member. At year end, an unsecured balance of £400,461 (As Restated 2023: £4,173) was owed to Empower Community Foundation.” — page 42
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: The amounts owed by group undertakings above includes a balance of £480k (2023: £20k) owed by Consensus Power Trading plc, an entity incorporated on 22 December 2022.
“During the year, Empower Community Management LLP settled invoices totalling £Nil (2023: £13,290. At the year end, a balance of £6,710 (2023: £6,710) is due from Empower Community Management LLP. This loan is unsecured, interest free and repayable on demand.” — page 42
“During the year, Empower Community Foundation gave loans of £396,288 (As Restated 2023: £4,173) to EarthHealth Partnership LLP, in which a director of Drove Lane Solar Park CIC and New Mains of Guynd Solar Park CIC is also a member. At year end, an unsecured balance of £400,461 (As Restated 2023: £4,173) was owed to Empower Community Foundation.” — page 42
Per its FY2024 accounts as filed with the Charity Commission.
Structured financials (annual return, FY ending 31/03/2025)
Total income
£5.1m
Total spending
£5.3m
Cost of raising funds
£4.2m
Reserves (reported)
£0
Employees
0
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?
The accounts state that the Group and Foundation are in a net liability position with unrestricted funds at a deficit of £3,248,304. However, the Trustees maintain a going concern basis, citing expected future profits from current contracts and sufficient cashflows to meet obligations for the next 12 months. Its FY2024 accounts were audited by MHA.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| GOLDMAN SACHS GIVES (UK) | 1 | £1.3m |
| CHICKENLEY COMMUNITY CENTRE | 1 | £902k |
| THE BARROW CADBURY TRUST | 1 | £295k |
| THE WESTMINSTER FOUNDATION | 1 | £200k |
| THE FOYLE FOUNDATION | 1 | £200k |
| THE BRADLEY AND KATHERINE WICKENS FOUNDATION | 1 | £161k |
| JOHN ELLERMAN FOUNDATION | 1 | £135k |
| TRUST FOR LONDON | 1 | £105k |