UNLOCKED GRADUATES
To promote the rehabilitation and education of prisoners and ex-prisoners and the reduction of reoffending by:(i) the provision of a specialised programme of education and training for graduate prison officers;(ii) the education and training of those engaged in the prison and probation services and the criminal justice system in the rehabilitation and education of prisoners and ex-prisoners.
Financial health, per its FY2025 accounts
The accounts state that the charity incurred a net expenditure of £249,616 for the year, reducing its total reserves from £818,188 to £568,572. While unrestricted reserves of £430,897 remain above the trustees' policy target of £400,000, the auditor has identified a material uncertainty regarding the charity's ability to continue as a going concern beyond October 2026 due to the lack of a confirmed Ministry of Justice contract.
What the accounts disclose
“During the current accounting period, there were six (2024 - three) employees who earned £60,000 or more” — page 32
“The main source of income was from our contract with the Ministry of Justice which generated income of £3,301,107”
“Based on forecast expenditure for 2025-26, the trustees have approved a minimum level of free unrestricted reserves of £400,000”
“The absence of a confirmed MoJ contract beyond October 2026 creates a material uncertainty regarding the charity’s ability to continue as a going concern beyond that point.” — page 16
Year-over-year changes
- Employees paid over £60,000: 3 (FY2024) → 6 (FY2025).
- Going concern: no going-concern doubt (FY2024) → material uncertainty (FY2025).
In the news
- Leeds Trinity University hosts the Lord Chancellor visiting Unlocked Graduates’ Summer Institute
- Leeds Trinity University welcomes second Unlocked Graduates cohort
Structured financials (annual return, FY ending 31/03/2025)
Trustees
- DAME SALLY COATESchair
- Angela Daniel
- Dr Christopher Thomas John Wilson
- Emma Jane Wilson
- JAMES BARRINGTON HUW DARLEY
- Nathan Anthony White
- Nicola Louise Marfleet
- Robert Douglas Farquharson
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £3.5m | £3.8m |
| 31/03/2024 | £4.5m | £4.3m |
| 31/03/2023 | £4.2m | £4.4m |
| 31/03/2022 | £4.0m | £3.9m |
| 31/03/2021 | £2.6m | £1.9m |
Common questions
Is UNLOCKED GRADUATES financially healthy?
Per its FY2025 accounts: The accounts state that the charity incurred a net expenditure of £249,616 for the year, reducing its total reserves from £818,188 to £568,572. While unrestricted reserves of £430,897 remain above the trustees' policy target of £400,000, the auditor has identified a material uncertainty regarding the charity's ability to continue as a going concern beyond October 2026 due to the lack of a confirmed Ministry of Justice contract. Its FY2025 accounts were audited by Buzzacott Audit LLP.
Who funds UNLOCKED GRADUATES?
Funders whose own accounts filings name UNLOCKED GRADUATES as a grant recipient include GARFIELD WESTON FOUNDATION, THE ADRIAN SWIRE CHARITABLE TRUST, The Goldsmiths' Foundation, THE CHRISTOPHER AND HENRY OLDFIELD TRUST, THE PORTRACK CHARITABLE TRUST.
Known funders
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| GARFIELD WESTON FOUNDATION | FY2024 | £310k | Welfare |
| THE ADRIAN SWIRE CHARITABLE TRUST | FY2022 | £50k | |
| THE ADRIAN SWIRE CHARITABLE TRUST | FY2021 | £50k | |
| The Goldsmiths' Foundation | FY2025 | £30k | Prisoner Resettlement |
| The Goldsmiths' Foundation | FY2023 | £30k | Prisoner Resettlement |
| The Goldsmiths' Foundation | FY2024 | £30k | Charity Committee - Prisoner Resettlement |
| THE CHRISTOPHER AND HENRY OLDFIELD TRUST | FY2022 | £25k | |
| THE CHRISTOPHER AND HENRY OLDFIELD TRUST | FY2023 | £25k | |
| THE CHRISTOPHER AND HENRY OLDFIELD TRUST | FY2024 | £20k | |
| The Goldsmiths' Foundation | FY2022 | £20k | Prisoner Resettlement |
| THE ADRIAN SWIRE CHARITABLE TRUST | FY2024 | £5k | |
| THE ADRIAN SWIRE CHARITABLE TRUST | FY2023 | £5k | |
| THE PORTRACK CHARITABLE TRUST | FY2024 | £5k | |
| THE PORTRACK CHARITABLE TRUST | FY2023 | £5k | |
| THE PORTRACK CHARITABLE TRUST | FY2022 | £5k | |
| JOHN SWIRE 1989 CHARITABLE TRUST | FY2021 | £1k |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| FISHMONGERS' COMPANY'S CHARITABLE TRUST | 2 | £70k |
| THE WEAVERS' COMPANY BENEVOLENT FUND | 2 | £40k |
| THE SHERIFFS' AND RECORDERS' FUND | 2 | £12k |
| THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MICHAEL'S, WANDSWORTH COMMON | 2 | £4k |
| THE WINDFALL FOUNDATION | 1 | — |
| THE MASTER CHARITABLE TRUST | 1 | £2.0m |
| SIR ROBERT GEFFERY'S ALMSHOUSE TRUST | 1 | £104k |
| DAVID & RUTH LEWIS FAMILY CHARITABLE TRUST | 1 | £100k |
Charities like this
- THE CLINK CHARITY
- THE KEY - UNLOCK POTENTIAL
- JUSTICE DEFENDERS
- WALK MINISTRIES
- THE RIGHT COURSE
- THE SHERIFFS' AND RECORDERS' FUND
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| UNLOCKED GRADUATES | £3.5m | — | 6 | unclear | — | material uncertainty |
| THE CLINK CHARITY | £6.9m | — | — | below | — | no doubt |
| THE KEY - UNLOCK POTENTIAL | £206k | — | 0 | above | — | no doubt |
| JUSTICE DEFENDERS | £2.1m | £170,001 - £180,000 | 1 | unclear | — | no doubt |
| WALK MINISTRIES | £1.4m | — | 0 | unclear | — | no doubt |
| THE RIGHT COURSE | £186k | £100,001 - £110,000 | 1 | unclear | — | no doubt |