THE NORTHERN POWERGRID FOUNDATION

Registered charity 1203185 · accounts filings on the Charity Commission register · listed website unreachable when last crawled

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.

Causes: Education/training · The Advancement Of Health Or Saving Of Lives · Disability · The Prevention Or Relief Of Poverty · Environment/conservation/heritage · Economic/community Development/employment · Grant history (this charity is a funder) · website · Get email alerts

Latest income
£132k
Latest spending
£593k
Registered
2023
Accounts read
FY2023

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.

Automated summary of the FY2023 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Related-party transaction: 11. Related party transactions
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
Per its FY2023 accounts as filed with the Charity Commission.

Accounts audited by Haines Watts North East Audit LLP. Discloses 4 of 6 completeness components.

Structured financials (annual return, FY ending 31/12/2023)

Total income
£7.6m
Total spending
£750k
Reserves (reported)
£6.8m
Employees
0

Reported reserves equal ~109.2 months of spending — in the top quarter for charities its size (median 7.0 months; benchmarks).

Trustees · trustee networks

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

Operates in: Throughout England

Income and spending

Financial year endIncomeSpending
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.