SOCIETE GENERALE UK FOUNDATION
The Societe Generale UK Foundation (SG UK Foundation) focuses it charitable activity on education and employability. SG UK Foundation is not an open grant-giving body and does not accept unsolicited applications for funding but instead works in partnership with key strategic projects, aligning with Societe Generale's CSR objectives, as well as running a matched giving programme.
Financial health, per its FY2024 accounts
The accounts state that total funds stood at £6,180,865, with unrestricted reserves of £4,685,368. The trustees report that these free reserves are above the stated policy minimum of £1,859,000, which represents two years of operational spend. The filing confirms adequate resources to continue in operational existence with no material uncertainties.
What the accounts disclose
“The Foundation allows for a minimum of two years’ worth of operational spend to ensure that the charity can meet its commitments in the event of future income uncertainty. Under this policy the minimum level to be held is £1,859,000” — page 16
“director costs of £148,697 (2023: £135,739), which are paid for by SGLB and recharged to the Foundation.” — page 33
Structured financials (annual return, FY ending 31/12/2024)
Register events
- Received assets from another charity (09/08/2022)
Trustees
- John Edward Obermanchair
- Elise Suzanne Basmadjian Sabran
- Emma Steck
- Hannah Louise Mackenzie
- Jasvant Singh
- Louise Constance Redmond
- Srividhya Ratnam
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £1.1m | £887k |
| 31/12/2023 | £1.1m | £906k |
| 31/12/2022 | £928k | £1.1m |
Common questions
Is SOCIETE GENERALE UK FOUNDATION financially healthy?
Per its FY2024 accounts: The accounts state that total funds stood at £6,180,865, with unrestricted reserves of £4,685,368. The trustees report that these free reserves are above the stated policy minimum of £1,859,000, which represents two years of operational spend. The filing confirms adequate resources to continue in operational existence with no material uncertainties. Its FY2024 accounts were audited by HaysMac LLP.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| National Philanthropic Trust UK Limited | 1 | £14.8m |
| THE GENERATIONAL FOUNDATION | 1 | £500k |
| THE MASTER CHARITABLE TRUST | 1 | £323k |
| PRISM THE GIFT FUND | 1 | £219k |
| POWER TO CHANGE TRUST | 1 | £129k |
| THE MURIEL AND GERSHON COREN CHARITABLE FOUNDATION | 1 | £100k |
| B K CHARITABLE TRUST | 1 | £72k |
| BACK ON THE MAP LIMITED | 1 | £53k |
Charities like this
- SANTANDER UK FOUNDATION LIMITED
- UBS UK Donor-Advised Foundation
- Sir Harry & Lady Judith Solomon Charitable Foundation
- UK GIVES LTD
- THE GENERATIONS FOUNDATION
- THE GENERATIONAL FOUNDATION
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| SOCIETE GENERALE UK FOUNDATION | £1.1m | — | 0 | above | — | no doubt |
| SANTANDER UK FOUNDATION LIMITED | £825k | — | 0 | unclear | 0.0% | no doubt |
| UBS UK Donor-Advised Foundation | £181.2m | — | 0 | below | — | no doubt |
| Sir Harry & Lady Judith Solomon Charitable Foundation | £4.0m | — | 0 | unclear | — | no doubt |
| UK GIVES LTD | £1.5m | — | 0 | above | — | no doubt |
| THE GENERATIONS FOUNDATION | £138k | — | 0 | unclear | — | no doubt |