FIRSTFRUITS GOSPEL FOUNDATION
Financial health, per its FY2025 accounts
The accounts state that the charity holds unrestricted reserves of £6,702,004 and generated a net surplus of £36,058 for the year ended 30 June 2025. The trustees have determined that a reserves policy is unnecessary as operating costs are not significant at this early stage of development. The charity continues to adopt the going concern basis, with the board having a reasonable expectation of adequate resources for the foreseeable future.
What the accounts disclose
“The number of employees whose remuneration for the year fell within £60,000 to £69,999 was 1 (2024: nil).” — page 15
“The number of employees whose remuneration for the year fell within £60,000 to £69,999 was 1 (2024: nil).” — page 15
“During the year the company received donations of £1,681,377 (2024 - £1,782,132) from Pillar Investments II Pty Limited. Pillar Investments II Pty Limited is a related party by virtue of the shareholding R Pillar has in the ultimate parent entity of this company.” — page 19
“A loan of £69,039 (2024 - £99,840) was also provided to Housing Affordability Finance (HAF) Ltd during the year. This loan is repayable 10 years from when it was drawn and a return on investment is payable dependent on the level of profits derived from the application of these loans by Housing Affordability Finance (HAF) Ltd.” — page 19
“During the year the company received donations of £1,681,377 (2024 - £1,782,132) from Pillar Investments II Pty Limited. Pillar Investments II Pty Limited is a related party by virtue of the shareholding R Pillar has in the ultimate parent entity of this company.” — page 19
“A loan of £69,039 (2024 - £99,840) was also provided to Housing Affordability Finance (HAF) Ltd during the year. This loan is repayable 10 years from when it was drawn and a return on investment is payable dependent on the level of profits derived from the application of these loans by Housing Affordability Finance (HAF) Ltd.” — page 19
“During the year the company received donations of £1,681,377 (2024 - £1,782,132) from Pillar Investments II Pty Limited. Pillar Investments II Pty Limited is a related party by virtue of the shareholding R Pillar has in the ultimate parent entity of this company.” — page 19
“A loan of £69,039 (2024 - £99,840) was also provided to Housing Affordability Finance (HAF) Ltd during the year. This loan is repayable 10 years from when it was drawn and a return on investment is payable dependent on the level of profits derived from the application of these loans by Housing Affordability Finance (HAF) Ltd.” — page 19
“The charity also owns 100% of the share capital of Housing Affordability Finance (HAF) Limited, a company incorporated in England and Wales. The net liabilities of the company at the 31 July 2024 were £774,256 and its turnover for the year was £13,035.” — page 17
Year-over-year changes
- Employees paid over £60,000: 0 (FY2024) → 1 (FY2025).
Structured financials (annual return, FY ending 30/06/2025)
Register events
- Received assets from another charity (03/07/2020)
Trustees
- Simon David Pillarchair
- John Riches
- REBECCA SYLVIA CHARLOTTE PILLAR
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 30/06/2025 | £1.9m | £2.0m |
| 30/06/2024 | £1.8m | £454k |
| 30/06/2023 | £1.1m | £1.4m |
| 30/06/2022 | £5.8m | £953k |
| 30/06/2021 | £131k | £154k |
Common questions
Is FIRSTFRUITS GOSPEL FOUNDATION financially healthy?
The accounts state that the charity holds unrestricted reserves of £6,702,004 and generated a net surplus of £36,058 for the year ended 30 June 2025. The trustees have determined that a reserves policy is unnecessary as operating costs are not significant at this early stage of development. The charity continues to adopt the going concern basis, with the board having a reasonable expectation of adequate resources for the foreseeable future. Its FY2025 accounts were audited by Gibson Booth.
What does the highest-paid employee of FIRSTFRUITS GOSPEL FOUNDATION earn?
Per its FY2025 accounts, the highest-paid employee was in the £60,001 - £70,000 band, and 1 employees earned over £60,000.