THE READING FOUNDATION
Financial health, per its FY2023 accounts
The accounts state that the charity reported a net expenditure of £303,216 for the year, resulting in a decrease in total net assets from £5,178,249 to £4,875,033. The trustees confirmed that the charity holds sufficient liquid assets and has adequate resources to continue its activities for the foreseeable future. The primary financial risk identified is the performance of the stock market, which impacts the investment portfolio that constitutes the majority of the charity's income.
What the accounts disclose
“Cash at bank and monies on deposit represent working capital available for grants and administrative expenditure ahead of income at certain times of the year and for contingencies.” — page 6
Corporate structure
- Registered company of the charity Companies House 02025362
Structured financials (annual return, FY ending 31/07/2025)
Trustees
- RICHARD CHILDSchair
- Ameet Keshao Phadnis
- CLAIRE TOMS
- DAVID RUSSELL DEFOREST HUDSON
- Dozie Nnabuife
- EDMUND SULEY HOLT
- Emma Fallon
- Jaykumar Vijay Mistry
- MARK NICHOLAS JOHN FAULKNER
- Menaka Shankar Murthy
- Prof MARTIN PARSONS
- RODNEY PHILIP HUGGINS
- TERENCE COLIN FOLLEN
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/07/2025 | £517k | £572k |
| 31/07/2024 | £171k | £400k |
| 31/07/2023 | £220k | £320k |
| 31/07/2022 | £212k | £245k |
| 31/07/2021 | £212k | £214k |
Common questions
Is THE READING FOUNDATION financially healthy?
The accounts state that the charity reported a net expenditure of £303,216 for the year, resulting in a decrease in total net assets from £5,178,249 to £4,875,033. The trustees confirmed that the charity holds sufficient liquid assets and has adequate resources to continue its activities for the foreseeable future. The primary financial risk identified is the performance of the stock market, which impacts the investment portfolio that constitutes the majority of the charity's income. Its FY2023 accounts were audited by James Cowper Kreston Audit.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| DEBMAR BENEVOLENT TRUST LIMITED | 1 | £190k |
| BEIS MENACHEM CHABAD LUBAVITCH | 1 | £102k |
| RNH SYNAGOGUE & COLLEGE LTD | 1 | £75k |
| YESHIVAS LUBAVITCH MANCHESTER | 1 | £20k |