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POUNDLAND FOUNDATION

Registered charity 1194291 · accounts filings on the Charity Commission register · listed website unreachable when last crawled · also registered in Scotland as SC051673 (OSCR)

Latest income
£1.7m
Latest spending
£1.6m
Registered
2021
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that the charity reported a net incoming resource of £96,065 for the year, resulting in total unrestricted reserves of £904,734. Per the trustees' report, these reserves are compliant with the stated policy target of maintaining six months of income. The auditors confirmed that the financial statements give a true and fair view and identified no material uncertainties regarding the charity's ability to continue as a going concern.

What the accounts disclose

Reserves policy: 6 months of income (held: £905k)
“The Trustees of the Charity have agreed to the following levels of unrestricted reserves as being prudent and necessary for the on-going activities of the Charity: 6 months of income.” — page 8
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: The document explicitly states in Note 18 that there are no related party transactions or outstanding balances. While Note 7 mentions staff cost recharges from Poundland Limited, Note 18 overrides this by stating 'The CIO has not entered into any related party transactions during the year, nor are there any outstanding balances owing between related parties and the CIO at 30 September 2024.' Therefore, no related party flags are raised based on the explicit disclosure in Note 18.
“The CIO has not entered into any related party transactions during the year, nor are there any outstanding balances owing between related parties and the CIO at 30 September 2024.” — page 29
Per its FY2024 accounts as filed with the Charity Commission.

Accounts audited by Dains Audit Limited.

Structured financials (annual return, FY ending 30/09/2024)

Total income
£1.7m
Total spending
£1.6m
Cost of raising funds
£103k
Reserves (reported)
£905k
Employees
0

Reported reserves equal ~6.7 months of spending — above the median for charities its size (median 4.8 months; benchmarks).

Trustees

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

Operates in: Northern Ireland · Scotland · Throughout England And Wales

Income and spending

Financial year endIncomeSpending
30/09/2024£1.7m£1.6m
30/09/2023£1.5m£1.4m
30/09/2022£2.1m£1.4m

Common questions

Is POUNDLAND FOUNDATION financially healthy?

The accounts state that the charity reported a net incoming resource of £96,065 for the year, resulting in total unrestricted reserves of £904,734. Per the trustees' report, these reserves are compliant with the stated policy target of maintaining six months of income. The auditors confirmed that the financial statements give a true and fair view and identified no material uncertainties regarding the charity's ability to continue as a going concern. Its FY2024 accounts were audited by Dains Audit Limited.

Who funds POUNDLAND FOUNDATION?

Funders whose own accounts filings name POUNDLAND FOUNDATION as a grant recipient include THE PENNIES FOUNDATION.

Known funders

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

FunderYearAmount
THE PENNIES FOUNDATIONFY2024£1.2m
THE PENNIES FOUNDATIONFY2022£77k
THE PENNIES FOUNDATIONFY2024£9k

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.

FunderSimilar charities fundedAmount to them
THE AMATEURS TRUST1£90k
THE HAPPY BABY COMMUNITY1£52k
NFL FOUNDATION UK1£12k
THE LEGAL EDUCATION FOUNDATION1£10k

Charities like this

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