FRUGAL EMPOWERMENT FOUNDATION
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?
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 |
|---|---|---|
| BREAKTHROUGH FOUNDATION | 1 | £2.0m |
| GOLDMAN SACHS GIVES (UK) | 1 | £1.3m |
| THE BRADLEY AND KATHERINE WICKENS FOUNDATION | 1 | £161k |
| UK GIVES LTD | 1 | £21k |
| NFL FOUNDATION UK | 1 | £12k |