FRUGAL EMPOWERMENT FOUNDATION
Frugal Empowerment Foundation delivers projects in the UK and Nigeria, including Youth Music Empowerment, the Greenwich Youth Music Performance and Award Ceremony (GYMPAC), Greenwich Festive Aid, Caring Saturdays for older people, Small Business Empowerment for vulnerable women traders, Crisis Relief for Children, and wider community support initiatives
Financial health, per its FY2025 accounts
The accounts state that the charity generated a surplus of £163,340 for the year ended 28 February 2025, bringing unrestricted funds to £294,394. The charity reported no staff costs or trustee emoluments, indicating reliance on voluntary support. The independent examiner confirmed that no matters came to attention that would cause concern regarding the accounts or accounting records.
What the accounts disclose
Trustees
- PEISENSIGIERE TZAVELAKOUchair
- Chinedum Bill Akas
- Tubosun Philip Ogungbamigbe
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 28/02/2025 | £262k | £98k |
| 29/02/2024 | £154k | £91k |
| 28/02/2023 | £152k | £84k |
| 28/02/2022 | £88k | £54k |
| 28/02/2021 | £64k | £63k |
Common questions
Is FRUGAL EMPOWERMENT FOUNDATION financially healthy?
Per its FY2025 accounts: The accounts state that the charity generated a surplus of £163,340 for the year ended 28 February 2025, bringing unrestricted funds to £294,394. The charity reported no staff costs or trustee emoluments, indicating reliance on voluntary support. The independent examiner confirmed that no matters came to attention that would cause concern regarding the accounts or accounting records. Its FY2025 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| GOLDMAN SACHS GIVES (UK) | 1 | £2.2m |
| BREAKTHROUGH FOUNDATION | 1 | £2.0m |
| THE BRADLEY AND KATHERINE WICKENS FOUNDATION | 1 | £161k |
| UBS UK Donor-Advised Foundation | 1 | £60k |
| The Neath Port Talbot Community Voluntary Service Limited | 1 | £41k |
| MOONDANCE FOUNDATION | 1 | £22k |
| NFL FOUNDATION UK | 1 | £12k |
| OCEAN REGENERATION TRUST | 1 | £8k |
Charities like this
- Salford City FC Foundation
- GOFUNDME.ORG.UK
- EMPOWER - THE EMERGING MARKETS FOUNDATION LIMITED
- ENFYS FOUNDATION
- SPORTING FOUNDATION
- FEDCAP UK
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| FRUGAL EMPOWERMENT FOUNDATION | £262k | — | 0 | unclear | — | no doubt |
| Salford City FC Foundation | £1.7m | £60,001 - £70,000 | 1 | unclear | — | no doubt |
| GOFUNDME.ORG.UK | £227k | — | 0 | above | — | no doubt |
| EMPOWER - THE EMERGING MARKETS FOUNDATION LIMITED | £3.7m | £130,001 - £140,000 | — | above | 9.6% | no doubt |
| ENFYS FOUNDATION | £364k | — | 0 | above | — | no doubt |
| SPORTING FOUNDATION | £329k | — | 0 | unclear | — | no doubt |