THE CLOTHWORKERS' FOUNDATION
Financial health, per its FY2025 accounts
The accounts state that total income decreased to £11.10 million from £13.05 million in the prior year, driven by a reduction in donations from the sole member. Despite this, the charity maintained strong unrestricted reserves of £129.80 million, significantly exceeding its stated policy target of 7.5% of grant commitments, which the trustees attribute to additional donations received at the end of 2024.
What the accounts disclose
“After due consideration, the Trustees decided that it was appropriate to set the size of the General Fund at 7.5% (+ / - 2.5%) of grant commitments, in order to allow the Foundation to fulfil its commitments in a timely fashion.” — page 15
“Total income in 2025 was £11.10 million (2024: £13.05 million), of which £1.07 million (2024: £2.57 million) was a donation from The Clothworkers’ Company.” — page 16
“The Foundation’s share of total remuneration paid to key management personnel provided as part of this service was £253,619 (2024: £254,472).” — page 30
“Total income in 2025 was £11.10 million (2024: £13.05 million), of which £1.07 million (2024: £2.57 million) was a donation from The Clothworkers’ Company.” — page 16
“The Foundation’s share of total remuneration paid to key management personnel provided as part of this service was £253,619 (2024: £254,472).” — page 30
“Total income in 2025 was £11.10 million (2024: £13.05 million), of which £1.07 million (2024: £2.57 million) was a donation from The Clothworkers’ Company.” — page 16
“The Foundation’s share of total remuneration paid to key management personnel provided as part of this service was £253,619 (2024: £254,472).” — page 30
Corporate structure
- Registered company of the charity Companies House 01321952
Leadership, per the charity’s website
- Susanna O'Leary — Chair
- Ola Opoosun — Deputy Chair
Funders the charity credits
- Funders for Race Equality Alliance
- IVAR Open & Trusting Initiative
Structured financials (annual return, FY ending 31/12/2025)
Register events
- Received assets from another charity (17/12/2013)
- Received assets from another charity (24/10/2013)
- Received assets from another charity (24/10/2013)
- Received assets from another charity (24/10/2013)
- Received assets from another charity (24/10/2013)
Trustees
- SUSANNA PRIESTLEY O'LEARYchair
- Amir Rizwan
- Catherine Jane Cornish
- Clare Jemma Evelyn
- DHRUV PRASHANT PATEL
- Dr Hugo Slim
- Frederick Thomas Ingham Clark
- Hugo Edward William Robinson
- Leslie Peter Jonas
- Meredith Niles
- Niki Scordi
- OLA OPOOSUN
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2025 | £10.7m | £12.6m |
| 31/12/2024 | £12.3m | £12.6m |
| 31/12/2023 | £28.4m | £10.7m |
| 31/12/2022 | £80.1m | £8.7m |
| 31/12/2021 | £11.6m | £8.0m |
Common questions
Is THE CLOTHWORKERS' FOUNDATION financially healthy?
The accounts state that total income decreased to £11.10 million from £13.05 million in the prior year, driven by a reduction in donations from the sole member. Despite this, the charity maintained strong unrestricted reserves of £129.80 million, significantly exceeding its stated policy target of 7.5% of grant commitments, which the trustees attribute to additional donations received at the end of 2024. Its FY2025 accounts were audited by Saffery LLP.
Who funds THE CLOTHWORKERS' FOUNDATION?
Funders whose own accounts filings name THE CLOTHWORKERS' FOUNDATION as a grant recipient include UNSEEN (UK), SUICIDE & CO, REDR UK.
Known funders
| Funder | Year | Amount |
|---|---|---|
| UNSEEN (UK) | FY2025 | £173k |
| SUICIDE & CO | FY2024 | £15k |
| REDR UK | FY2023 | £11k |
| SUICIDE & CO | FY2024 | £7k |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE AMATEURS TRUST | 1 | £90k |
| JACK PETCHEY FOUNDATION | 1 | £24k |
| ZURICH COMMUNITY TRUST (UK) LIMITED | 1 | £16k |
| HABITAT FOR HUMANITY GREAT BRITAIN | 1 | £3k |