ALFRED FOSTER SETTLEMENT

Registered charity 229576 · accounts filings on the Charity Commission register

Support from the charity will only be given to current or former banking employees and their dependants.

Objects

A) THE RELIEF OF POVERTY AMONG EMPLOYEES (INCLUDING FORMER EMPLOYEES) OF BANKS AND THEIR DEPENDANTS. B) ASSISTANCE IN THE EDUCATION OF CHILDREN OF PERSONS WHO ARE, OR HAVE BEEN, EMPLOYEES OF BANKS.

Area of benefit: NOT DEFINED

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

Causes: Education/training · The Prevention Or Relief Of Poverty · Get email alerts

Latest income
£30k
Latest spending
£32k
Registered
1963
Accounts read
FY2025

Financial health, per its FY2025 accounts

The accounts state that the charity held unrestricted reserves of £118 and capital assets valued at £946,344 at the year end. The trustees' policy is to distribute all income arising after allowing for operating expenses, resulting in a net decrease in cash funds of £1,741 for the year. The charity is funded by investment income and has no stated reserves policy target beyond retaining capital to generate income.

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

What the accounts disclose

Reserves policy: distribute all income arising in the trust after allowing for any operating expenses; balance of undistributed income may be held in reserve (held: £118)
“It is the trustee’s policy to distribute all income arising in the trust after allowing for any operating expenses. Because of timing differences between receipt of income and the authorisation of grant payments a balance of undistributed income may be held in reserve at the year end and this will be carried forward and distributed in 2025/26.” — page 4
Per its FY2025 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit). Discloses 4 of 6 completeness components.

In its annual return the charity told the Commission it is also regulated by: Financial Conduct Authority. This is the charity’s own declaration; it is not a rating and has not been verified by the Commission or by this site.

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.

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
01/01/2025£30k£32k
01/01/2024£28k£26k
01/01/2023£27k£31k
01/01/2022£24k£36k
01/01/2021£26k£46k

Common questions

Is ALFRED FOSTER SETTLEMENT financially healthy?

Per its FY2025 accounts: The accounts state that the charity held unrestricted reserves of £118 and capital assets valued at £946,344 at the year end. The trustees' policy is to distribute all income arising after allowing for operating expenses, resulting in a net decrease in cash funds of £1,741 for the year. The charity is funded by investment income and has no stated reserves policy target beyond retaining capital to generate income. Its FY2025 accounts were independently examined.