QUADRATURE CLIMATE FOUNDATION

Registered charity 1187301 · accounts filings on the Charity Commission register · also known as QCF, QUADRATURE CAPITAL FOUNDATION

QCF is an independent foundation focused on the urgent challenge of climate change, funding innovative, science-led solutions that reduce carbon emissions, remove greenhouse gases from the atmosphere and help the world's most vulnerable people respond to the impacts of climate change, all in pursuit of a climate-resilient future.

Causes: General Charitable Purposes · Environment/conservation/heritage · Grant history (this charity is a funder) · website · Get email alerts

Latest income

£221.7m

Latest spending

£216.1m

Registered

2020

Accounts read

FY2024

Financial health, per its FY2024 accounts

The accounts state that the Foundation ended the period with a surplus of £5,652,660 and total unrestricted reserves of £26,947,018. The trustees confirmed adequate resources for going concern, noting that funding is provided by Quadrature and no fundraising activities are undertaken.

Automated summary of the FY2024 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Highest-paid employee band: £1,420,001 - £1,430,000 — above the 90th percentile for charities its size (median £180k)

“£1,420,001 - £1,430,000” — page 25

Per its FY2024 accounts as filed with the Charity Commission.

Reserves policy: minimum level of reserves available to sufficiently cover future operational expenditure (held: £26.9m)

“The Foundation will, at all times, ensure there is a minimum level of reserves available to sufficiently cover future operational expenditure.” — page 5

Per its FY2024 accounts as filed with the Charity Commission.

Payments to trustees: Jennifer Hooke received £81,000 for advisory services.

“A total of £81,000 (2023: £nil) was paid to Jennifer Hooke, Trustee, under a service agreement to provide Advisory Services to the Foundation.” — page 27

Per its FY2024 accounts as filed with the Charity Commission.

Related-party transaction: Donations received from Quadrature, a company controlled by two trustees.

“During the year, donations of £221,690,197 (2023: £269,721,626) were received from Quadrature, a Company controlled by two of the Foundation’s trustees.” — page 27

“A total of £81,000 (2023: £nil) was paid to Jennifer Hooke, Trustee, under a service agreement to provide Advisory Services to the Foundation.” — page 27

Per its FY2024 accounts as filed with the Charity Commission.

Related-party transaction: Payment to Trustee Jennifer Hooke for advisory services.

“During the year, donations of £221,690,197 (2023: £269,721,626) were received from Quadrature, a Company controlled by two of the Foundation’s trustees.” — page 27

“A total of £81,000 (2023: £nil) was paid to Jennifer Hooke, Trustee, under a service agreement to provide Advisory Services to the Foundation.” — page 27

Per its FY2024 accounts as filed with the Charity Commission.

Accounts audited by HaysMac LLP. Discloses 5 of 6 completeness components.

Leadership, per the charity’s website

Keith Wilson — Chief People and Agility Officer (source)

Listed on the charity’s own website when we last crawled it; roles may have changed. Pay-band disclosures above are anonymous statutory disclosures and are not attributed to any named individual.

Public profiles (found on the charity’s own website): linkedin

Structured financials (annual return, FY ending 31/12/2024)

Total income

£221.7m

Total spending

£216.1m

Reserves (reported)

£26.9m

Employees

27

Reported reserves equal ~1.5 months of spending — below the median for charities its size (median 2.7 months; benchmarks).

Per its annual return, largest income source: Donations and legacies (100% of income) — components as reported reconcile to the return’s total income; not from the accounts narrative.

Per its annual return, cost of raising funds: 0.0% of total income — below the median for charities its size (2.9%) (benchmarks).

Trustees · trustee networks

Greg Howard Skinner
JENNIFER HOOKE
Neil Cosgrove · trustee of 2 other charities
Suneil Setiya · trustee of 1 other charity

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

Operates in: Australia · Belgium · Brazil · Canada · Finland · France · Netherlands · Norway · Peru · Poland · Singapore · South Africa

Income and spending

Financial year end	Income	Spending
31/12/2024	£221.7m	£216.1m
31/12/2023	£269.9m	£256.4m
30/06/2022	£130.3m	£130.3m
30/06/2021	£60.3m	£58.9m
30/06/2020	£30.8m	£24.3m

Common questions

Is QUADRATURE CLIMATE FOUNDATION financially healthy?

Per its FY2024 accounts: The accounts state that the Foundation ended the period with a surplus of £5,652,660 and total unrestricted reserves of £26,947,018. The trustees confirmed adequate resources for going concern, noting that funding is provided by Quadrature and no fundraising activities are undertaken. Its FY2024 accounts were audited by HaysMac LLP.

What does the highest-paid employee of QUADRATURE CLIMATE FOUNDATION earn?

Per its FY2024 accounts, the highest-paid employee was in the £1,420,001 - £1,430,000 band.

Who funds QUADRATURE CLIMATE FOUNDATION?

Funders whose own accounts filings name QUADRATURE CLIMATE FOUNDATION as a grant recipient include INTERNATIONAL RESCUE COMMITTEE, U.K.

Known funders

Grants to this charity found in funders’ own accounts filings.

Funder	Year	Amount	Purpose (as stated by the funder)
INTERNATIONAL RESCUE COMMITTEE, U.K	FY2025	£738k	Income received by IRC UK.

Funders of similar charities

Funders whose accounts show grants to charities similar to this one (and no recorded grant to this charity) — a starting list for fundraisers.

Funder	Similar charities funded	Amount to them
THE ERANDA ROTHSCHILD FOUNDATION	1	£669k
THE PARGITER TRUST	1	£340k
PEACOCK CHARITABLE TRUST	1	£106k
THE POPLE CHARITABLE TRUST	1	£55k
THE RORY AND ELIZABETH BROOKS FOUNDATION	1	£53k
THE MEDLOCK CHARITABLE TRUST	1	£45k
THE BESTWAY FOUNDATION	1	£40k
PETER HARRISON FOUNDATION	1	£33k

Charities like this

Semantically similar by activities and financial character, from our analysed corpus. Compare with HUMAN CAPABILITY FOUNDATION.

HUMAN CAPABILITY FOUNDATION income £44.5m
THE QUILTER FOUNDATION income £671k
British quality care foundation income £245k
QUEEN ELIZABETH'S FOUNDATION FOR DISABLED PEOPLE income £12.4m
QUINTESSENTIALLY FOUNDATION income £1.3m
QUARTET COMMUNITY FOUNDATION income £5.2m

Side by side with its peers

Charity	Income	Top pay band	Staff >£60k	Reserves vs policy	Fundraising cost	Going concern
QUADRATURE CLIMATE FOUNDATION	£221.7m	£1,420,001 - £1,430,000	—	unclear	—	no doubt
HUMAN CAPABILITY FOUNDATION FY2024	£44.5m	—	0	unclear	—	no doubt
THE QUILTER FOUNDATION FY2025	£671k	—	0	above	—	no doubt
British quality care foundation FY2025	£245k	—	0	unclear	—	no doubt
QUEEN ELIZABETH'S FOUNDATION FOR DISABLED PEOPLE FY2024	£12.4m	—	—	above	—	no doubt
QUINTESSENTIALLY FOUNDATION FY2025	£1.3m	—	—	unclear	—	no doubt

Each row is that charity’s latest analysed filing; every value is quote-backed on its own page.