DR. MARTENS FOUNDATION
Financial health, per its FY2025 accounts
The accounts state that the Dr. Martens Foundation reported a net expense of £177,000 for the year ended 31 March 2025, driven by charitable grants of £824,000 against total income of £905,000. Unrestricted reserves decreased to £74,000 from £251,000 in the prior year, though the trustees confirm this remains above their target of three months' forecasted operational costs. The foundation relies on donations from the Dr. Martens Group and maintains a simple structure with no long-term financial commitments.
What the accounts disclose
“The Trustees aim to maintain free reserves in unrestricted funds at a level which equates to approximately three months of forecasted operational cost expenditure plus potential statutory redundancy liabilities.” — page 5
Structured financials (annual return, FY ending 31/03/2025)
Trustees
- Emily Reichwaldchair
- Dennis Sparks Jr.
- Greet Raeymaekers
- PAMELA SHORES
- PAUL RICHARD ARMSTRONG
- Paul Benjamin Gillespie
- Tuze Mekik Arguedas Schwank
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £904k | £1.1m |
| 31/03/2024 | £935k | £2.0m |
| 31/03/2023 | £181k | £1.2m |
| 31/03/2022 | £3.3m | £861k |
Common questions
Is DR. MARTENS FOUNDATION financially healthy?
The accounts state that the Dr. Martens Foundation reported a net expense of £177,000 for the year ended 31 March 2025, driven by charitable grants of £824,000 against total income of £905,000. Unrestricted reserves decreased to £74,000 from £251,000 in the prior year, though the trustees confirm this remains above their target of three months' forecasted operational costs. The foundation relies on donations from the Dr. Martens Group and maintains a simple structure with no long-term financial commitments. Its FY2025 accounts were audited by PricewaterhouseCoopers LLP.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| DONATING CHARITY LIMITED | 1 | £1.1m |