THE FIREBIRD FOUNDATION
Latest income
£1.6m
Latest spending
£1.2m
Registered
2022
Accounts read
FY2025
Financial health, per its FY2025 accounts
The accounts state that the charity holds unrestricted reserves of £3,479,200, which significantly exceeds its stated policy target of approximately £750,000. Per the trustees' report, the charity is funded by an expendable endowment and maintains a strong financial position with no material uncertainties regarding its ability to continue as a going concern.
What the accounts disclose
Highest-paid employee band: £60,001 - £70,000 — below the median for charities its size (£76k)
“One employee earned more than £60,000 during the year. There were no employees earning more than £60,000 in the prior year.” — page 24
Per its FY2025 accounts as filed with the Charity Commission.
Employees paid over £60,000: 1
“One employee earned more than £60,000 during the year.” — page 24
Per its FY2025 accounts as filed with the Charity Commission.
Reserves policy: c. 4-6 months of the following years budget, estimated at £750,000 (held: £3.5m)
“The trustees do not aim to maintain a minimum level of unrestricted reserves, but rather to hold sufficient cash or liquid investments that equate to c. 4-6 months of the following years budget to cover constructive obligations. This figure is estimated to be £750,000.” — page 7
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Purchase of administration services from Walgate Family Office Ltd, a company owned by Fladgate LLP, which also provides solicitor services to the charity and is part of the same group as corporate trustee Walgate Trustees Ltd.
“Walgate Trustees Ltd, a corporate trustee, is part of the same group of companies as Walgate Family Office Ltd, owned by Fladgate LLP. During the year, The Firebird Foundation purchased administration services of £30,770 (2024: £16,960) from Walgate Family Office Ltd. At the year end the charity owed Walgate Family Office Ltd £3,477 (2024: £2,512), which is included in trade creditors. All transactions were carried out at arms length.” — page 28
“The aggregate donations from trustees during the year was £1,275,000 (2024: £1,000,000). Donations in the current and prior year were made to the expendable endowment fund.” — page 28
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Donations from trustees, specifically the Founder.
“Walgate Trustees Ltd, a corporate trustee, is part of the same group of companies as Walgate Family Office Ltd, owned by Fladgate LLP. During the year, The Firebird Foundation purchased administration services of £30,770 (2024: £16,960) from Walgate Family Office Ltd. At the year end the charity owed Walgate Family Office Ltd £3,477 (2024: £2,512), which is included in trade creditors. All transactions were carried out at arms length.” — page 28
“The aggregate donations from trustees during the year was £1,275,000 (2024: £1,000,000). Donations in the current and prior year were made to the expendable endowment fund.” — page 28
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Gifts in kind for website development from The Firebird Impact.
“Walgate Trustees Ltd, a corporate trustee, is part of the same group of companies as Walgate Family Office Ltd, owned by Fladgate LLP. During the year, The Firebird Foundation purchased administration services of £30,770 (2024: £16,960) from Walgate Family Office Ltd. At the year end the charity owed Walgate Family Office Ltd £3,477 (2024: £2,512), which is included in trade creditors. All transactions were carried out at arms length.” — page 28
“The aggregate donations from trustees during the year was £1,275,000 (2024: £1,000,000). Donations in the current and prior year were made to the expendable endowment fund.” — page 28
Per its FY2025 accounts as filed with the Charity Commission.
Year-over-year changes
- Employees paid over £60,000: 0 (FY2024) → 1 (FY2025).
Structured financials (annual return, FY ending 31/03/2025)
Total income
£1.7m
Total spending
£1.2m
Cost of raising funds
£12k
Reserves (reported)
£2.6m
Employees
3
Trustees
- Olivia Catherine Hallchair
- Melanie Appleby
- Tom Daniel Ball
- Walgate Trustees Limited
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £1.6m | £1.2m |
| 31/03/2024 | £1.3m | £1.2m |
| 31/03/2023 | £3.2m | £335k |
Common questions
Is THE FIREBIRD FOUNDATION financially healthy?
The accounts state that the charity holds unrestricted reserves of £3,479,200, which significantly exceeds its stated policy target of approximately £750,000. Per the trustees' report, the charity is funded by an expendable endowment and maintains a strong financial position with no material uncertainties regarding its ability to continue as a going concern. Its FY2025 accounts were audited by Godfrey Wilson Limited.
What does the highest-paid employee of THE FIREBIRD FOUNDATION earn?
Per its FY2025 accounts, the highest-paid employee was in the £60,001 - £70,000 band, and 1 employees earned over £60,000.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE MASTER CHARITABLE TRUST | 1 | £323k |
| THE BORROWS CHARITABLE TRUST | 1 | £10k |