THE CENTRE FOR FINANCIAL CAPABILITY
The Centre for Financial Capability believes every child in the UK should be supported to develop the skills and behaviors necessary to navigate critical financial decisions in later life, starting at primary school. TCFC is working to address this through working in schools, through research and seeking innovations to meet the urgent national need for a greater focus on financial education.
Financial health, per its FY2024 accounts
The accounts state that the charity incurred a net deficit of £190 for the year, resulting in total funds being in deficit by that amount. The trustees have decided to close the charity as its objectives were achieved, with remaining assets transferred to TISA to administer the orderly closure. The charity relies on voluntary corporate donations, a source of income described as uncertain in the risk management section.
What the accounts disclose
“The previous Reserves Policy to maintain three months operating expenditure has been observed through to the end of the accounting period, after which the decision had been made to close the charity down as its objectives had been achieved, and therefore it was agreed that the residual monies would be used to a) fulfil obligations to funders and b) cover all residual costs incurred to close the business.” — page 5
“TCFC made payment to Treo ESG Limited of £43,200 (2023: £35,200) as compensation for the secondment of Mr S Perry to the role of Acting Director of TCFC. Mr S Perry is a company director of Treo ESG Limited.” — page 13
Trustees
- JANE GOODLANDchair
- Carol Knight
- Dr Marcel Lukas
- Louise Hill
- Tammie Tang
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 30/11/2024 | £162k | £217k |
| 30/11/2023 | £259k | £205k |
| 30/11/2022 | £0 | £0 |
| 30/11/2021 | £0 | £0 |
Common questions
Is THE CENTRE FOR FINANCIAL CAPABILITY financially healthy?
Per its FY2024 accounts: The accounts state that the charity incurred a net deficit of £190 for the year, resulting in total funds being in deficit by that amount. The trustees have decided to close the charity as its objectives were achieved, with remaining assets transferred to TISA to administer the orderly closure. The charity relies on voluntary corporate donations, a source of income described as uncertain in the risk management section. Its FY2024 accounts were independently examined.
Who funds THE CENTRE FOR FINANCIAL CAPABILITY?
Funders whose own accounts filings name THE CENTRE FOR FINANCIAL CAPABILITY as a grant recipient include COLUMBIA THREADNEEDLE FOUNDATION, THE QUILTER FOUNDATION, LSEG Foundation.
Known funders
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| COLUMBIA THREADNEEDLE FOUNDATION | FY2021 | £20k | Education |
| THE QUILTER FOUNDATION | FY2022 | £20k | Financial Futures Fund (KickStart Money) - The Investing and Savings Alliance |
| LSEG Foundation | FY2022 | £20k |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| MISSION44 | 1 | £440k |
| THE FIDELITY UK FOUNDATION | 1 | £311k |
| THE NUFFIELD FOUNDATION | 1 | £246k |
| The Parochial Church Council of Ecclesiastical Parish of Emmer Green and Caversham Park St Barnabas | 1 | £182k |
| ACHISOMOCH AID COMPANY LIMITED | 1 | £174k |
| DELAPAGE LIMITED | 1 | £100k |
| AKO FOUNDATION | 1 | £62k |
| THE DULVERTON TRUST | 1 | £40k |
Charities like this
- THE MONEY CHARITY
- The London Foundation for Banking & Finance
- THE CENTRE FOR LITERACY IN PRIMARY EDUCATION
- BEIS CHINUCH PRIMARY SCHOOL LIMITED
- THE DIFFERENCE EDUCATION LTD
- EDUCATION FOR LIFE
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| THE CENTRE FOR FINANCIAL CAPABILITY | £162k | — | 0 | below | — | no doubt |
| THE MONEY CHARITY | £622k | — | 0 | above | — | no doubt |
| The London Foundation for Banking & Finance | £587k | — | 0 | above | — | no doubt |
| THE CENTRE FOR LITERACY IN PRIMARY EDUCATION | £1.0m | £60,000 - £69,999 | 1 | below | — | no doubt |
| BEIS CHINUCH PRIMARY SCHOOL LIMITED | £1.4m | — | 0 | unclear | — | noted |
| THE DIFFERENCE EDUCATION LTD | £1.6m | — | — | above | — | no doubt |