UNION FOUNDATION
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.
What the accounts disclose
“Subject to funds being available, it is our policy is to maintain a reserve of approximately 25% of annual expenditure.” — page 5
“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
“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
Corporate structure
- Registered company of the charity Companies House 01987227
Leadership, per the charity’s website
- Michael Reeves — President
- Daniel Hames — Vice President
Structured financials (annual return, FY ending 31/08/2025)
Trustees
- Rev Sam Kochair
- Daniel Henderson
- Dr Ernest Edem Edifor
- Dr Gwenfair Adams
- Dr Myung Chul Shin
- Ki Il Kim
- REV MIKE TINDALL
- Rev Stephen Mark Levy
- TREVOR ARCHER
- Thomas Winklehner
- Yun Lee
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 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?
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 GOSPEL PARTNERS TRUST, HEATH EVANGELICAL CHURCH CARDIFF.
Known funders
| Funder | Year | Amount |
|---|---|---|
| GOSPEL PARTNERS TRUST | FY2024 | £10k |
| HEATH EVANGELICAL CHURCH CARDIFF | FY2022 | £1k |
| HEATH EVANGELICAL CHURCH CARDIFF | FY2021 | £1k |
| HEATH EVANGELICAL CHURCH CARDIFF | FY2023 | £500 |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| DEBMAR BENEVOLENT TRUST LIMITED | 1 | £190k |