THE FOUNDATION OF SAINT MATTHIAS
The Foundation's primary object is the advancement of education in the area of benefit, in particular the Dioceses of Bath & Wells, Bristol and Gloucester but extending to the whole of the United Kingdom, with a preference for higher or further education; such education contributing to the advancement of the Church of England.
Financial health, per its FY2025 accounts
The accounts state that the charity holds a permanent endowment of £8,369,238 and maintains no unrestricted reserves, relying on its total return investment policy for operational funding. The trustees consider this endowment to be an adequate sum for continued expenditure, despite a net investment loss of £378,343 during the year. The auditor confirmed that the use of the going concern basis of accounting is appropriate with no material uncertainties identified.
What the accounts disclose
“It is the Foundation’s policy not to maintain any unrestricted reserves, as ongoing working capital is available from the endowment under the Total Return policy adopted.” — page 3
“The Dioceses of Bath & Wells, Bristol and Gloucester are related parties to the Charity. Grants awarded to the Dioceses are shown in Note 7. The amounts outstanding to Bristol Diocese at the year-end was £2,334 (2024 - £2,268) for IT Support Services.” — page 16
Trustees
- Bishop Neil Warwickchair
- Anna Maria Olszewska
- BERYL ELIZABETH GLEICH
- Dr Taido Chino
- EDWARD GREGORY
- Jane Borgeaud
- Karen Czapiewski
- Liz Townend
- MAUREEN ELIZABETH LOMAS
- Nigel Daniel
- Pamela Cosh
- Rev ANTHONY DAVID EVERITT
- Rev Noel Hector
- Rev Sharon Roberts
- Richard Wheeler
- Sarah Garlick
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2025 | £243k | £397k |
| 31/12/2024 | £241k | £367k |
| 31/12/2023 | £242k | £392k |
| 31/12/2022 | £242k | £360k |
| 31/12/2021 | £222k | £321k |
Common questions
Is THE FOUNDATION OF SAINT MATTHIAS financially healthy?
Per its FY2025 accounts: The accounts state that the charity holds a permanent endowment of £8,369,238 and maintains no unrestricted reserves, relying on its total return investment policy for operational funding. The trustees consider this endowment to be an adequate sum for continued expenditure, despite a net investment loss of £378,343 during the year. The auditor confirmed that the use of the going concern basis of accounting is appropriate with no material uncertainties identified. Its FY2025 accounts were audited by TC Group.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| ST HILD AND ST BEDE TRUST | 1 | £912k |
Charities like this
- ST HILD AND ST BEDE TRUST
- Foundation Church
- ST AUGUSTINE'S FOUNDATION
- THE WELLS CATHEDRAL SCHOOL FOUNDATION
- GRACE FOUNDATION
- THE ARCHBISHOP OF CANTERBURY'S CHARITABLE FOUNDATION
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| THE FOUNDATION OF SAINT MATTHIAS | £243k | — | 0 | unclear | — | no doubt |
| ST HILD AND ST BEDE TRUST | £296k | — | 0 | above | — | no doubt |
| Foundation Church | £114k | — | 0 | unclear | — | no doubt |
| ST AUGUSTINE'S FOUNDATION | £306k | — | 0 | unclear | — | no doubt |
| THE WELLS CATHEDRAL SCHOOL FOUNDATION | £240k | — | 0 | unclear | — | no doubt |
| GRACE FOUNDATION | £1.7m | over £60,000 | 2 | unclear | — | noted |