THE NORTHERN POWERGRID FOUNDATION
The Northern Powergrid Foundation aims to make a difference to the people who live in Northern Powergrid's operating areas by supporting projects and initiatives relating to energy resilience, fuel poverty, sustainability and the efficient use of energy and resources.
Financial health, per its FY2023 accounts
The accounts state that the charity holds unrestricted reserves of £6,820,512, which the trustees confirm are maintained in surplus to meet its objectives. The trustees have approved budgets and forecasts for 2024 and conclude that the Foundation has adequate resources to continue in operational existence for at least 12 months. No specific reserves policy target is stated, but the trustees are taking steps to implement an investment strategy and reserves policy.
What the accounts disclose
“Northern Powergrid (Northeast) plc made a £6,954,880 donation during the period. Northern Powergrid (Yorkshire) plc made a £615,200 donation during the period.” — page 21
Structured financials (annual return, FY ending 31/12/2023)
Trustees
- David Wilkin
- Joanne Pamela Coe
- Kathryn Bradley
- Louise Anne Lowes
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £132k | £593k |
| 31/12/2023 | £7.6m | £750k |
Common questions
Is THE NORTHERN POWERGRID FOUNDATION financially healthy?
Per its FY2023 accounts: The accounts state that the charity holds unrestricted reserves of £6,820,512, which the trustees confirm are maintained in surplus to meet its objectives. The trustees have approved budgets and forecasts for 2024 and conclude that the Foundation has adequate resources to continue in operational existence for at least 12 months. No specific reserves policy target is stated, but the trustees are taking steps to implement an investment strategy and reserves policy. Its FY2023 accounts were audited by Haines Watts North East Audit LLP.