THE REED FOUNDATION
FOR SUCH CHARITABLE PURPOSES AS THE SETTLOR MAY IN WRITING FROM TIME TO TIME IN HIS ABSOLUTE DISCRETION DIRECT AND AFTER THE SETTLOR'S DEATH AS THE TRUSTEES MAY IN THEIR ABSOLUTE DISCRETION DECIDE.
Financial health, per its FY2024 accounts
The accounts state that the charity held unrestricted reserves of £20,200,228 at the end of the year, despite a net deficit of £3,161,713 due to reduced investment income. The trustees confirm the charity has sufficient funds to continue its activities and make significant grants in the following year, supported by the sale of properties after the year end.
What the accounts disclose
“Donations rose by £2,979,216 to £6,958,099 (2023 - £3,978,883).” — page 3
“the Charity’s policy is to have sufficient net current assets to enable it to maintain its support of the Christmas Challenge and other emergency appeals in the next year without either having to sell its investments or rely on donations and dividends.”
“The Foundation received a £1,812,805 dividend (2023: £3,625,610) from Reed Global in the year.” — page 19
“Cash donations include £5,133,155 (2023: £3,856,630) to The Big Give Trust, which has common Trustees.” — page 19
“The Foundation received a £1,812,805 dividend (2023: £3,625,610) from Reed Global in the year.” — page 19
“Cash donations include £5,133,155 (2023: £3,856,630) to The Big Give Trust, which has common Trustees.” — page 19
“The Foundation received a £1,812,805 dividend (2023: £3,625,610) from Reed Global in the year.” — page 19
“Cash donations include £5,133,155 (2023: £3,856,630) to The Big Give Trust, which has common Trustees.” — page 19
“The Foundation received a £1,812,805 dividend (2023: £3,625,610) from Reed Global in the year.” — page 19
“Cash donations include £5,133,155 (2023: £3,856,630) to The Big Give Trust, which has common Trustees.” — page 19
“The Foundation received a £1,812,805 dividend (2023: £3,625,610) from Reed Global in the year.” — page 19
“Cash donations include £5,133,155 (2023: £3,856,630) to The Big Give Trust, which has common Trustees.” — page 19
In the news
Corporate structure
- Trading subsidiary: PHOENIX RECRUITMENT LTD Companies House 15792409
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- MRS ALEX CHAPMANchair
- Edith Prak
- JAMES REED
- RICHARD REED
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £2.3m | £7.0m |
| 31/12/2023 | £6.6m | £4.0m |
| 31/12/2022 | £5.1m | £2.4m |
| 31/12/2021 | £1.9m | £1.5m |
| 31/12/2020 | £928k | £1.3m |
Common questions
Is THE REED FOUNDATION financially healthy?
Per its FY2024 accounts: The accounts state that the charity held unrestricted reserves of £20,200,228 at the end of the year, despite a net deficit of £3,161,713 due to reduced investment income. The trustees confirm the charity has sufficient funds to continue its activities and make significant grants in the following year, supported by the sale of properties after the year end. Its FY2024 accounts were audited by Hazelwoods LLP.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| ST ALDHELM'S CHAPEL TRUST | 1 | £60k |
| THE REISNER CHARITABLE FOUNDATION LTD | 1 | £5k |
Charities like this
- THE REED EDUCATIONAL TRUST LIMITED
- SALTERS' CHARITABLE FOUNDATION
- THE ZOCHONIS CHARITABLE TRUST
- RATANBEN ZAVERCHAND KARA FOUNDATION
- WINDSOR ROAD FOUNDATION
- THE RUBIN FOUNDATION CHARITABLE TRUST
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| THE REED FOUNDATION | £2.3m | — | 0 | unclear | — | no doubt |
| THE REED EDUCATIONAL TRUST LIMITED | £2.0m | — | 0 | unclear | — | no doubt |
| SALTERS' CHARITABLE FOUNDATION | £267k | — | 0 | unclear | — | no doubt |
| THE ZOCHONIS CHARITABLE TRUST | £2.3m | — | 0 | above | — | no doubt |
| RATANBEN ZAVERCHAND KARA FOUNDATION | £162k | — | 0 | above | — | no doubt |
| WINDSOR ROAD FOUNDATION | £101k | Under £60,000 | 0 | above | — | no doubt |