Charity Accounts Intelreading the accounts so you don’t have to

QUALITY OF LIFE FOUNDATION

Registered charity 1198624 · accounts filings on the Charity Commission register

We are committed to creating greater accountability and encouraging more sustainable models of development by making health and wellbeing central to the way we create and care for our homes and neighbourhoods.

Causes: Education/training · The Advancement Of Health Or Saving Of Lives · Environment/conservation/heritage · website · Get email alerts

Latest income
£355k
Latest spending
£366k
Registered
2022
Accounts read
FY2025

Financial health, per its FY2025 accounts

The accounts state that the charity incurred a net expenditure of £11,209 for the year ended 30 June 2025, with unrestricted reserves falling to £43,077. Per the trustees' report, the charity is being wound down because it is financially unsustainable long-term following the cessation of major grant funding. The financial statements have been prepared on a break-up basis rather than a going concern basis.

Automated summary of the FY2025 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Highest-paid employee band: £80,001 - £90,000 — above the 90th percentile for charities its size (median £60k)
“The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was: 30.6.25 1 £80,001 - £90,000” — page 28
Per its FY2025 accounts as filed with the Charity Commission.
Employees paid over £60,000: 1
“The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was: 30.6.25 1” — page 28
Per its FY2025 accounts as filed with the Charity Commission.
Reserves position: below the charity's own stated reserves policy (held: £43k; policy: three months' worth of ordinary running costs)
“At the end of the period the amount of reserves held was £43,929 (2024: £54,286), representing approximately one and a half months of ordinary running costs.” — page 11
Per its FY2025 accounts as filed with the Charity Commission.
Going concern: accounts NOT prepared on a going-concern basis (closing, merging or winding up)
“The accounts have been prepared on a basis other than going concern. Accordingly, the accounts do not reflect adjustments that would be necessary if the charity were to continue in operation.” — page 3
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Shared services fees and gift aid from trading subsidiary
“During the year, the charity received £118,833 in Shared services fees and £33,268 as gift aid donation from its trading subsidiary QOLF Trading Ltd (Co No: 13723472). Shared services fees relates to the reimbursement of costs of the shared services such as staff costs and other overheads.” — page 32
Per its FY2025 accounts as filed with the Charity Commission.
Trading subsidiary: QOLF Trading Limited
“The charity has a subsidiary company, QOLF Trading Limited (Company registration number: 13723472), which is fully owned by the charity and acts as its trading arm.” — page 14
Per its FY2025 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit). Discloses 6 of 6 completeness components.

Structured financials (annual return, FY ending 30/06/2023)

Total income
£564k
Total spending
£528k
Reserves (reported)
£48k
Employees
6

Reported reserves equal ~1.1 months of spending — in the bottom quarter for charities its size (median 7.0 months; benchmarks).

Per its annual return, largest income source: Other trading activities (63% of income) — components as reported reconcile to the return’s total income; not from the accounts narrative.

Per its annual return, cost of raising funds: 0.0% of total income — below the median for charities its size (2.9%) (benchmarks).

Trustees · trustee networks

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

Operates in: Throughout England

Income and spending

Financial year endIncomeSpending
30/06/2025£355k£366k
30/06/2024£457k£451k
30/06/2023£564k£528k

Common questions

Is QUALITY OF LIFE FOUNDATION financially healthy?

Per its FY2025 accounts: The accounts state that the charity incurred a net expenditure of £11,209 for the year ended 30 June 2025, with unrestricted reserves falling to £43,077. Per the trustees' report, the charity is being wound down because it is financially unsustainable long-term following the cessation of major grant funding. The financial statements have been prepared on a break-up basis rather than a going concern basis. Its FY2025 accounts were independently examined.

What does the highest-paid employee of QUALITY OF LIFE FOUNDATION earn?

Per its FY2025 accounts, the highest-paid employee was in the £80,001 - £90,000 band, and 1 employees earned over £60,000.

Who funds QUALITY OF LIFE FOUNDATION?

Funders whose own accounts filings name QUALITY OF LIFE FOUNDATION as a grant recipient include FUSION21 FOUNDATION.

Known funders

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

FunderYearAmountPurpose (as stated by the funder)
FUSION21 FOUNDATIONFY2025£20kMainstream grants programme