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THE TAP FOUNDATION

Registered charity 1177719 · accounts filings on the Charity Commission register

The TAP Foundation is the charitable foundation which distributes funds raised through the work of TAP London, a community interest company which raises funds for homelessness through contactless technology. All funds which are received into the foundation are distributed as grants and unrestricted financial aid to charities that relieve poverty and homelessness.

Causes: Education/training · The Prevention Or Relief Of Poverty · Get email alerts

Latest income
£38k
Latest spending
£0
Registered
2018
Accounts read
FY2025

Financial health, per its FY2025 accounts

The accounts state that income fell by 40% during the year, resulting in no grants being made while reserves were strengthened. Per the trustees' report, cash at year end was £65,908, which is considered sufficient to support grant-making in the next financial year. The charity holds a free reserve of £100, a figure described as relatively small in recognition of low running costs and risk.

Automated summary of the FY2025 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Related-party transaction: TAP Local CIC (affiliate company) provides financial support and carries out day-to-day administration.
“As the day-to-day administration of the TAP initiative is carried out by the associated company TAP Local CIC and the Greater London Authority, the work of the Foundation is largely predicated around the financial management of grant making and the assessment of the compliance and effectiveness of the project.”
Per its FY2025 accounts as filed with the Charity Commission.
Trading subsidiary: TAP Local CIC
“The TAP Foundation is the charitable foundation which distributes funds raised through the work of TAP London, a community interest company which raises funds for homelessness through contactless technology. TAP London (www.taplondon.org) is registered with Companies House company number 10731372, registered name TAP Local CIC.”
Per its FY2025 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit). Discloses 3 of 6 completeness components.

Trustees · trustee networks

Trustee list from the Charity Commission register (current, not historical).

Operates in: Scotland · Throughout England And Wales

Income and spending

Financial year endIncomeSpending
27/03/2025£38k£0
27/03/2024£67k£146k
27/03/2023£105k£119k
27/03/2022£129k£84k
27/03/2021£87k£53k

Common questions

Is THE TAP FOUNDATION financially healthy?

Per its FY2025 accounts: The accounts state that income fell by 40% during the year, resulting in no grants being made while reserves were strengthened. Per the trustees' report, cash at year end was £65,908, which is considered sufficient to support grant-making in the next financial year. The charity holds a free reserve of £100, a figure described as relatively small in recognition of low running costs and risk. Its FY2025 accounts were independently examined.