UNION FOUNDATION

Registered charity 517324 · accounts filings on the Charity Commission register · also known as ETCW, THE EVANGELICAL THEOLOGICAL COLLEGE (WALES) LTD, UNION, UNION SCHOOL OF THEOLOGY, WALES EVANGELICAL SCHOOL OF THEOLOGY LTD

Training people for the Christian Ministry

Causes: Education/training · Religious Activities · Grant history (this charity is a funder) · website · Get email alerts

Latest income
£1.6m
Latest spending
£1.8m
Registered
1986
Accounts read
FY2025

Financial health, per its FY2025 accounts

The accounts state that the charity reported a net expenditure deficit of £156,678 for the year ended 31 August 2025, resulting in total funds decreasing from £1,547,597 to £1,390,919. Per the trustees' report, the charity currently has no free reserves because its total reserves are fully offset by fixed assets valued at £1,904,980. The trustees note that the charity is developing strategic partnerships and new income sources to work towards greater financial resilience.

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

What the accounts disclose

Reserves policy: approximately 25% of annual expenditure (held: £86k)
“Subject to funds being available, it is our policy is to maintain a reserve of approximately 25% of annual expenditure.” — page 5
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Donations from Union Foundation US
“Union Foundation received donations of £271,960 (2024 - £211,159) from Union Foundation US (a not-for-profit organisation incorporated in the United States). Joel Morris and Mike Reeves, key management personnel with Union Foundation are directors of Union Foundation US.” — page 28
“Union Foundation received donations from trustees totalling £5,135 during the year.” — page 28
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Donations from trustees
“Union Foundation received donations of £271,960 (2024 - £211,159) from Union Foundation US (a not-for-profit organisation incorporated in the United States). Joel Morris and Mike Reeves, key management personnel with Union Foundation are directors of Union Foundation US.” — page 28
“Union Foundation received donations from trustees totalling £5,135 during the year.” — page 28
Per its FY2025 accounts as filed with the Charity Commission.

Accounts audited by HSJ Audit Limited. Discloses 5 of 6 completeness components.

Corporate structure

Leadership, per the charity’s website

Listed on the charity’s own website when we last crawled it; roles may have changed. Pay-band disclosures above are anonymous statutory disclosures and are not attributed to any named individual.

Company officers (Companies House)

Current officers of the charity’s own company per the Companies House register, cross-checked against the Charity Commission trustee list by name. A director not on the trustee list is usually a timing or naming difference between the two registers — check both records before drawing conclusions.

Official officers record.

Property (HM Land Registry)

1 registered title in England and Wales held by the charity’s company or corporate body (1 freehold); recorded price paid £300k. All charity-held property. Contains HM Land Registry data © Crown copyright, OGL v3.0.

Public profiles (found on the charity’s own website): facebook · instagram

Structured financials (annual return, FY ending 31/08/2025)

Total income
£1.6m
Total spending
£1.8m
Cost of raising funds
£47k
Reserves (reported)
£0
Employees
28

Reported reserves equal ~0.0 months of spending — in the bottom quarter for charities its size (median 4.8 months; benchmarks).

Per its annual return, largest income source: Donations and legacies (48% of income) — components as reported reconcile to the return’s total income; not from the accounts narrative.

Per its annual return, cost of raising funds: 2.9% of total income — below the median for charities its size (5.2%) (benchmarks).

Trustees · trustee networks

Trustee list from the Charity Commission register (current, not historical).

Operates in: Bridgend

Income and spending

Financial year endIncomeSpending
31/08/2025£1.6m£1.8m
31/08/2024£1.5m£1.6m
31/08/2023£1.5m£1.6m
31/08/2022£1.5m£1.6m
31/08/2021£1.4m£1.3m

Common questions

Is UNION FOUNDATION financially healthy?

Per its FY2025 accounts: The accounts state that the charity reported a net expenditure deficit of £156,678 for the year ended 31 August 2025, resulting in total funds decreasing from £1,547,597 to £1,390,919. Per the trustees' report, the charity currently has no free reserves because its total reserves are fully offset by fixed assets valued at £1,904,980. The trustees note that the charity is developing strategic partnerships and new income sources to work towards greater financial resilience. Its FY2025 accounts were audited by HSJ Audit Limited.

Who funds UNION FOUNDATION?

Funders whose own accounts filings name UNION FOUNDATION as a grant recipient include COMMISSION APOSTOLIC TRUST LTD, FIELDSDENE TRUST, GOSPEL PARTNERS TRUST, HEATH EVANGELICAL CHURCH CARDIFF.

Known funders

Grants to this charity found in funders’ own accounts filings.

FunderYearAmountPurpose (as stated by the funder)
COMMISSION APOSTOLIC TRUST LTDFY2021£122k
FIELDSDENE TRUSTFY2023£41k
FIELDSDENE TRUSTFY2022£11kFor the advancement of the Christian Religion
GOSPEL PARTNERS TRUSTFY2024£10kGrants to gospel people in training - theological college
FIELDSDENE TRUSTFY2024£9kAdvancement of Christian religion
COMMISSION APOSTOLIC TRUST LTDFY2025£4kGrant funding of activities
FIELDSDENE TRUSTFY2025£1k
HEATH EVANGELICAL CHURCH CARDIFFFY2021£1krepresentation
HEATH EVANGELICAL CHURCH CARDIFFFY2025£1k
HEATH EVANGELICAL CHURCH CARDIFFFY2024£1kChurches representation
HEATH EVANGELICAL CHURCH CARDIFFFY2022£1kChurches representation
HEATH EVANGELICAL CHURCH CARDIFFFY2023£500Seed Sower project

Funders of similar charities

Funders whose accounts show grants to charities similar to this one (and no recorded grant to this charity) — a starting list for fundraisers.

FunderSimilar charities fundedAmount to them
DEBMAR BENEVOLENT TRUST LIMITED1£314k
MOYNITRUST1£15k

Charities like this

Semantically similar by activities and financial character, from our analysed corpus. Compare with SCRIPTURE UNION INTERNATIONAL COUNCIL.

Side by side with its peers

CharityIncomeTop pay bandStaff >£60kReserves vs policyFundraising costGoing concern
UNION FOUNDATION£1.6m—0unclear—no doubt
SCRIPTURE UNION INTERNATIONAL COUNCIL FY2025£879k£70,001 - £80,000—within—no doubt
BETHEL UNITED CHURCH OF JESUS CHRIST APOSTOLIC U.K. FY2025£1.1m—0above—no doubt
GEFEN FOUNDATION FY2025£373k—0unclear—no doubt
THE BAPTIST UNION OF GREAT BRITAIN FY2025£11.1m—2unclear—no doubt
THE INJUSTICE FOUNDATION FY2026£609k—0unclear55000.0%no doubt

Each row is that charity’s latest analysed filing; every value is quote-backed on its own page.