WEST BROMWICH BUILDING SOCIETY FOUNDATION
The Objects of the Foundation are to promote, by means of the making of grants the relief of those in need by reason of youth, age, infirmity or disablement, poverty or social and economic circumstances, particularly in relation to housing and financial education with the objective of helping people to lead independent and financially stable lives.
Objects
THE OBJECTS OF THE FOUNDATION ARE TO PROMOTE, BY MEANS OF THE MAKING OF GRANTS OR BY ANY OTHER ACTS WHICH THE TRUSTEES CONSIDER APPROPRIATE IN PURSUIT OF THE OBJECTS:(A) THE RELIEF OF THOSE IN NEED BY REASON OF YOUTH, AGE, INFIRMITY OR DISABLEMENT, POVERTY OR SOCIAL AND ECONOMIC CIRCUMSTANCES BY PROMOTING AND SUPPORTING THE PROVISION OF HOUSING AND RENTED ACCOMMODATION IN ORDER TO MEET THEIR NEEDS AND, WHERE APPROPRIATE, HELP THEM IN BECOMING INDEPENDENT.(B) THE PREVENTION AND RELIEF OF FINANCIAL HARDSHIP OR POVERTY BY APPROPRIATE MEANS SUCH AS ADVANCING EDUCATION AND TRAINING IN UNDERSTANDING AND ACHIEVING FINANCIAL STABILITY; AND(C) ANY OTHER CHARITABLE PURPOSE ACCORDING TO THE LAWS OF ENGLAND AND WALES FROM TIME TO TIME;(D) AND IN EACH CASE FOR THE PUBLIC BENEFIT AND PRINCIPALLY WITHIN (BUT NOT LIMITED TO) THE GEOGRAPHIC AREAS WITHIN WHICH THE WEST BROMWICH BUILDING SOCIETY’S BRANCH NETWORK IS BASED.
Financial health, per its FY2025 accounts
The accounts state that the charity held unrestricted reserves of £358,542 at the end of the financial year, with no expenditure incurred during the period. The trustees confirm there are no material uncertainties regarding the charity's ability to continue in business. The filing notes that it is not the trustees' long-term intention to hold a material level of undistributed reserves.
What the accounts disclose
“In the year to 31 March 2025 the Foundation received a charitable donation of £352,124 (2024: £5,000) from the Society’s dormant account scheme.” — page 11
“The independent examination fee of £1,200 is borne by the Society.”
“The Society provides secretarial and administrative support, use of facilities and time of its employees to assist the Trustees for which no charge is made.”
“The independent examination fee of £1,200 is borne by the Society.”
“The Society provides secretarial and administrative support, use of facilities and time of its employees to assist the Trustees for which no charge is made.”
“The independent examination fee of £1,200 is borne by the Society.”
“The Society provides secretarial and administrative support, use of facilities and time of its employees to assist the Trustees for which no charge is made.”
Policies the charity declares
- Internal charity financial controls policy and procedures
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
Corporate structure
- Registered company of the charity Companies House 14541597
Company officers (Companies House)
- JONES, Andrew on trustee list
- GLENHOLME, Gurvinder Kaur on trustee list
- PAZZAGLIA, Sophie on trustee list
- WESTHOFF, Jonathan on trustee list
- PENNELLS, Sarah Louise
Trustees
- Jonathan Westhoffchair
- ANDREW KENNETH JONES
- Gurvinder Glenholme
- Sophie Pazzaglia
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £354k | £0 |
| 31/03/2024 | £5k | £0 |
Common questions
Is WEST BROMWICH BUILDING SOCIETY FOUNDATION financially healthy?
Per its FY2025 accounts: The accounts state that the charity held unrestricted reserves of £358,542 at the end of the financial year, with no expenditure incurred during the period. The trustees confirm there are no material uncertainties regarding the charity's ability to continue in business. The filing notes that it is not the trustees' long-term intention to hold a material level of undistributed reserves. Its FY2025 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE NEIGHBOURLY FOUNDATION | 1 | £1.6m |
| POWER TO CHANGE TRUST | 1 | £129k |
| THE PA FOUNDATION | 1 | £57k |
| THE PERMIRA FOUNDATION | 1 | £53k |
| BACK ON THE MAP LIMITED | 1 | £53k |
| ROYAL DEVON UNIVERSITY HEALTHCARE NHS FOUNDATION TRUST CHARITY | 1 | £5k |
| HABITAT FOR HUMANITY GREAT BRITAIN | 1 | £4k |
| CORAM LIFE EDUCATION | 1 | £2k |
Charities like this
- THE ALBION FOUNDATION
- B&Q Foundation
- THE LANCASHIRE FOUNDATION
- YORKSHIRE BUILDING SOCIETY CHARITABLE FOUNDATION
- THE VIRGIN MONEY FOUNDATION
- THE POINT FOUNDATION
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| WEST BROMWICH BUILDING SOCIETY FOUNDATION | £354k | — | 0 | unclear | — | no doubt |
| THE ALBION FOUNDATION | £3.0m | £100,001 - £110,000 | — | unclear | — | no doubt |
| B&Q Foundation | £2.8m | — | 0 | unclear | — | no doubt |
| THE LANCASHIRE FOUNDATION | £956k | — | 0 | above | — | no doubt |
| YORKSHIRE BUILDING SOCIETY CHARITABLE FOUNDATION | £665k | — | 0 | above | — | no doubt |
| THE VIRGIN MONEY FOUNDATION | £3.3m | — | — | above | — | no doubt |