GFG FOUNDATION
Delivery of the Industrial Cadets programme to 1300 young people in partnership with the Engineering Development Trust (Charity No 1156066). Development of GFG Scholarships, Bursaries and Junior Apprenticeships.
Financial health, per its FY2025 accounts
The accounts state that the charity reported a net expenditure loss of £4,492 for the year, resulting in negative unrestricted reserves of £34,949. The trustees note that the steel industry has faced significant pressure, with LIBERTY Steel forced into compulsory liquidation, which will undoubtedly affect future funding. However, the trustees maintain that the charity remains a viable going concern due to the founders' pledge to financially support the foundation for the foreseeable future.
What the accounts disclose
“Income was also received from the GFG Foundation Australia totalling £34,970 for services paid for from the GFG Foundation UK.” — page 12
“£40,000 of Sanjeev Gupta” — page 24
“£34,970 donations from the GFG Foundation Australia.” — page 24
“£40,000 of Sanjeev Gupta” — page 24
“£34,970 donations from the GFG Foundation Australia.” — page 24
“£40,000 of Sanjeev Gupta” — page 24
“£34,970 donations from the GFG Foundation Australia.” — page 24
“£40,000 of Sanjeev Gupta” — page 24
“£34,970 donations from the GFG Foundation Australia.” — page 24
Trustees
- NICOLA LORRAINE GUPTAchair
- Georgina Louise Crumpton
- SANJEEV KUMAR GUPTA
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £145k | £150k |
| 31/03/2024 | £128k | £160k |
| 31/03/2023 | £135k | £158k |
| 31/03/2022 | £211k | £189k |
| 31/03/2021 | £241k | £168k |
Common questions
Is GFG FOUNDATION financially healthy?
Per its FY2025 accounts: The accounts state that the charity reported a net expenditure loss of £4,492 for the year, resulting in negative unrestricted reserves of £34,949. The trustees note that the steel industry has faced significant pressure, with LIBERTY Steel forced into compulsory liquidation, which will undoubtedly affect future funding. However, the trustees maintain that the charity remains a viable going concern due to the founders' pledge to financially support the foundation for the foreseeable future. Its FY2025 accounts were independently examined.
Charities like this
- INDUS EDUCATION FOUNDATION INTERNATIONAL
- LSEG Foundation
- HEREFORDSHIRE AND WORCESTERSHIRE GROUP TRAINING ASSOCIATION LIMITED
- THE PANASONIC TRUST FOR THE FURTHER EDUCATION AND TRAINING OF ENGINEERS
- THE INVESTINDUSTRIAL FOUNDATION
- FHS TRUST LIMITED
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| GFG FOUNDATION | £145k | — | 0 | unclear | — | no doubt |
| INDUS EDUCATION FOUNDATION INTERNATIONAL | £136k | — | 0 | unclear | — | no doubt |
| LSEG Foundation | £4.6m | — | 0 | unclear | — | no doubt |
| HEREFORDSHIRE AND WORCESTERSHIRE GROUP TRAINING ASSOCIATION LIMITED | £4.6m | — | — | unclear | — | no doubt |
| THE PANASONIC TRUST FOR THE FURTHER EDUCATION AND TRAINING OF ENGINEERS | £106k | — | 0 | unclear | — | no doubt |
| THE INVESTINDUSTRIAL FOUNDATION | £1.3m | — | 0 | above | — | no doubt |