THE PERSIMMON CHARITABLE FOUNDATION
The objectives of the Persimmon Charitable Foundation are for the public benefit to further such charitable purposes as the trustees see fit from time to time, in particular (but not limited to) making grants to charities or organisations furthering charitable purposes that promote urban regeneration in areas of economic and social deprivation.
Financial health, per its FY2024 accounts
The accounts state that the charity held unrestricted reserves of £1,008,109 at the end of the financial year, representing a surplus from income exceeding expenditure. The Trustees report that the charity is primarily reliant on donations from independent financial advisers and the Persimmon Group, with no material uncertainties identified regarding its ability to continue as a going concern.
What the accounts disclose
“Since September 2023, an employee of Persimmon Plc has been on secondment with the Persimmon Foundation. Their costs have been accrued for and are included under employee costs within note 4.” — page 16
“The Group’s treasury policy and management is controlled by Persimmon Plc. As such, the Trustees have received an undertaking from Persimmon Plc that the necessary funds will be made available to enable the Persimmon Foundation to operate for the foreseeable future.” — page 5
“Since September 2023, an employee of Persimmon Plc has been on secondment with the Persimmon Foundation. Their costs have been accrued for and are included under employee costs within note 4.” — page 16
“The Group’s treasury policy and management is controlled by Persimmon Plc. As such, the Trustees have received an undertaking from Persimmon Plc that the necessary funds will be made available to enable the Persimmon Foundation to operate for the foreseeable future.” — page 5
Structured financials (annual return, FY ending 31/12/2023)
Trustees
- Anthony Vigorchair
- Dean Kendal Finch
- Roger William Devlin
- Tracy Davison
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £431k | £197k |
| 31/12/2023 | £550k | £292k |
| 31/12/2022 | £1.3m | £631k |
| 31/12/2021 | £1.6m | £1.8m |
| 31/12/2020 | £1.8m | £1.8m |
Common questions
Is THE PERSIMMON CHARITABLE FOUNDATION financially healthy?
Per its FY2024 accounts: The accounts state that the charity held unrestricted reserves of £1,008,109 at the end of the financial year, representing a surplus from income exceeding expenditure. The Trustees report that the charity is primarily reliant on donations from independent financial advisers and the Persimmon Group, with no material uncertainties identified regarding its ability to continue as a going concern. Its FY2024 accounts were audited by Ernst & Young LLP.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| LOCAL TRUST | 1 | £871k |
| THE EXILARCH'S FOUNDATION | 1 | £100k |
| TRUST FOR LONDON | 1 | £66k |
| THE DUKE OF NORTHUMBERLAND'S CHARITY | 1 | £4k |
| SKIPTON BUILDING SOCIETY CHARITABLE FOUNDATION | 1 | £2k |
Charities like this
- BRIDGES IMPACT FOUNDATION
- THE PERMIRA FOUNDATION
- PADDINGTON DEVELOPMENT TRUST
- GROUNDWORK NORTH EAST
- NEW HORIZONS COMMUNITY ENTERPRISE
- THE GENERATIONS FOUNDATION
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| THE PERSIMMON CHARITABLE FOUNDATION | £431k | — | 0 | unclear | — | no doubt |
| BRIDGES IMPACT FOUNDATION | £1.1m | — | 0 | unclear | — | no doubt |
| THE PERMIRA FOUNDATION | £4.6m | — | — | above | — | no doubt |
| PADDINGTON DEVELOPMENT TRUST | £3.2m | — | 3 | above | — | no doubt |
| GROUNDWORK NORTH EAST | £8.2m | — | — | unclear | — | no doubt |
| NEW HORIZONS COMMUNITY ENTERPRISE | £1.2m | £100,001 - £110,000 | — | above | — | no doubt |