WEST BROMWICH BUILDING SOCIETY FOUNDATION

Registered charity 1205559 · accounts filings on the Charity Commission register

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.

The charity’s charitable objects and area of benefit, quoted from its governing document as held on the Charity Commission register.

Causes: General Charitable Purposes · Grant history (this charity is a funder) · Get email alerts

Latest income
£354k
Latest spending
£0
Registered
2023
Accounts read
FY2025

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.

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

What the accounts disclose

Largest income source: Donations (100% of income)
“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
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: The independent examination fee of £1,200 is borne by the Society.
“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.”
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: West Bromwich Building 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.”
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Donations received by the Foundation are deposited and withdrawn from an account held with the Society.
“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.”
Per its FY2025 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit). Discloses 3 of 6 completeness components.

Policies the charity declares

In its annual return the charity told the Commission that it has the policies listed below. This is self-declared: it is not verified by the Commission or by this site, and it is not evidence of how a policy works in practice.

Corporate structure

Company officers (Companies House)

Current officers of the charity’s own company per the Companies House register, cross-checked against the Charity Commission trustee list by name. A director not on the trustee list is usually a timing or naming difference between the two registers — check both records before drawing conclusions.

Official officers record.

Trustees · trustee networks

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

Operates in: Throughout England And Wales

Income and spending

Financial year endIncomeSpending
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

Funders whose accounts show grants to charities similar to this one (and no recorded grant to this charity) — a starting list for fundraisers.

Charities like this

Semantically similar by activities and financial character, from our analysed corpus. Compare with THE ALBION FOUNDATION.

Side by side with its peers

CharityIncomeTop pay bandStaff >£60kReserves vs policyFundraising costGoing concern
WEST BROMWICH BUILDING SOCIETY FOUNDATION£354k—0unclear—no doubt
THE ALBION FOUNDATION FY2025£3.0m£100,001 - £110,000—unclear—no doubt
B&Q Foundation FY2026£2.8m—0unclear—no doubt
THE LANCASHIRE FOUNDATION FY2024£956k—0above—no doubt
YORKSHIRE BUILDING SOCIETY CHARITABLE FOUNDATION FY2025£665k—0above—no doubt
THE VIRGIN MONEY FOUNDATION FY2025£3.3m——above—no doubt

Each row is that charity’s latest analysed filing; every value is quote-backed on its own page.