| THE BRITISH COUNCIL | material uncertainty disclosed | FY2025 | £1010.4m |
| THE BRITISH COUNCIL | material uncertainty disclosed | FY2022 | £1010.4m |
| THE BRITISH COUNCIL | material uncertainty disclosed | FY2024 | £1010.4m |
| THE BRITISH COUNCIL | material uncertainty disclosed | FY2023 | £1010.4m |
| UNIVERSITY OF CHESTER | material uncertainty disclosed | FY2023 | £154.2m |
| THE BRITISH ACADEMY FOR THE PROMOTION OF HISTORICAL PHILOSOPHICAL AND PHILOLOGICAL STUDIES | material uncertainty disclosed | FY2022 | £106.2m |
| HF TRUST LIMITED | material uncertainty disclosed | FY2025 | £85.0m |
| HF TRUST LIMITED | material uncertainty disclosed | FY2024 | £85.0m |
| LIVABILITY | material uncertainty disclosed | FY2023 | £66.4m |
| LIVABILITY | material uncertainty disclosed | FY2022 | £66.4m |
| YHA (ENGLAND AND WALES) | material uncertainty disclosed | FY2023 | £66.1m |
| LEEDS TRINITY UNIVERSITY | material uncertainty disclosed | FY2024 | £61.6m |
| THE VICTORIA FOUNDATION | material uncertainty disclosed | FY2022 | £53.1m |
| THE VICTORIA FOUNDATION | material uncertainty disclosed | FY2023 | £53.1m |
| THE FREMANTLE TRUST | material uncertainty disclosed | FY2025 | £51.9m |
| THE FREMANTLE TRUST | material uncertainty disclosed | FY2024 | £51.9m |
| Friends of Benenden Hospital | material uncertainty disclosed | FY2023 | £45.0m |
| Friends of Benenden Hospital | material uncertainty disclosed | FY2022 | £45.0m |
| Friends of Benenden Hospital | material uncertainty disclosed | FY2021 | £45.0m |
| NAZARETH CARE CHARITABLE TRUST | material uncertainty disclosed | FY2025 | £43.3m |
| NAZARETH CARE CHARITABLE TRUST | material uncertainty disclosed | FY2024 | £43.3m |
| NAZARETH CARE CHARITABLE TRUST | material uncertainty disclosed | FY2023 | £43.3m |
| NAZARETH CARE CHARITABLE TRUST | material uncertainty disclosed | FY2022 | £43.3m |
| VIRUNGA FOUNDATION | material uncertainty disclosed | FY2021 | £43.1m |
| AMBIENT SUPPORT LIMITED | material uncertainty disclosed | FY2024 | £37.3m |
| AMBIENT SUPPORT LIMITED | material uncertainty disclosed | FY2023 | £37.3m |
| THE CHILDREN'S TRUST | material uncertainty disclosed | FY2023 | £36.0m |
| THE CHILDREN'S TRUST | material uncertainty disclosed | FY2022 | £36.0m |
| SHEFFIELD CITY TRUST | material uncertainty disclosed | FY2023 | £34.3m |
| THE NEW VICTORIA HOSPITAL LIMITED | material uncertainty disclosed | FY2022 | £31.8m |
| THE NEW VICTORIA HOSPITAL LIMITED | material uncertainty disclosed | FY2024 | £31.8m |
| ROTHAMSTED RESEARCH LIMITED | material uncertainty disclosed | FY2025 | £29.3m |
| THE HOWLETTS WILD ANIMAL TRUST | material uncertainty disclosed | FY2023 | £27.0m |
| THE CITY LITERARY INSTITUTE | material uncertainty disclosed | FY2022 | £21.3m |
| MY SPACE HOUSING SOLUTIONS | material uncertainty disclosed | FY2022 | £21.2m |
| MY SPACE HOUSING SOLUTIONS | material uncertainty disclosed | FY2024 | £21.2m |
| HALO LEISURE SERVICES LIMITED | material uncertainty disclosed | FY2021 | £19.5m |
| THE GLOUCESTERSHIRE CARE PARTNERSHIP | material uncertainty disclosed | FY2022 | £17.9m |
| THE GLOUCESTERSHIRE CARE PARTNERSHIP | material uncertainty disclosed | FY2025 | £17.9m |
| THE GLOUCESTERSHIRE CARE PARTNERSHIP | material uncertainty disclosed | FY2023 | £17.9m |
| THE GLOUCESTERSHIRE CARE PARTNERSHIP | material uncertainty disclosed | FY2024 | £17.9m |
| THE DESIGN MUSEUM | material uncertainty disclosed | FY2022 | £17.2m |
| THE DESIGN MUSEUM | material uncertainty disclosed | FY2023 | £17.2m |
| THE DESIGN MUSEUM | material uncertainty disclosed | FY2024 | £17.2m |
| GLOBAL INNOVATION FUND | material uncertainty disclosed | FY2022 | £16.6m |
| YMCA Dulverton Group | material uncertainty disclosed | FY2022 | £15.8m |
| YMCA Dulverton Group | material uncertainty disclosed | FY2023 | £15.8m |
| YMCA Dulverton Group | material uncertainty disclosed | FY2024 | £15.8m |
| ROCHDALE BOROUGHWIDE CULTURAL TRUST | material uncertainty disclosed | FY2022 | £15.7m |
| TWYCROSS ZOO-EAST MIDLAND ZOOLOGICAL SOCIETY LIMITED | material uncertainty disclosed | FY2024 | £15.4m |
| TWYCROSS ZOO-EAST MIDLAND ZOOLOGICAL SOCIETY LIMITED | material uncertainty disclosed | FY2023 | £15.4m |
| MALVERN ST JAMES LIMITED | material uncertainty disclosed | FY2023 | £15.0m |
| Leeds Heritage Theatres | material uncertainty disclosed | FY2022 | £14.9m |
| VIBRANCE | material uncertainty disclosed | FY2023 | £14.9m |
| ACTIVE NATION UK LTD | material uncertainty disclosed | FY2022 | £14.4m |
| ACTIVE NATION UK LTD | material uncertainty disclosed | FY2023 | £14.4m |
| DURHAM CATHEDRAL SCHOOLS FOUNDATION | material uncertainty disclosed | FY2023 | £14.1m |
| DURHAM CATHEDRAL SCHOOLS FOUNDATION | material uncertainty disclosed | FY2025 | £14.1m |
| DURHAM CATHEDRAL SCHOOLS FOUNDATION | material uncertainty disclosed | FY2022 | £14.1m |
| WOODARD SCHOOLS (NOTTINGHAMSHIRE) LIMITED | material uncertainty disclosed | FY2022 | £13.1m |
| WOODARD SCHOOLS (NOTTINGHAMSHIRE) LIMITED | material uncertainty disclosed | FY2025 | £13.1m |
| THE DARTINGTON HALL TRUST | material uncertainty disclosed | FY2025 | £12.9m |
| THE DARTINGTON HALL TRUST | material uncertainty disclosed | FY2023 | £12.9m |
| THE CORPORATION OF ST LAWRENCE COLLEGE | material uncertainty disclosed | FY2024 | £12.0m |
| THE CENTRAL YOUNG MEN'S CHRISTIAN ASSOCIATION | material uncertainty disclosed | FY2025 | £11.7m |
| SOUTH DOWNS LEISURE | material uncertainty disclosed | FY2022 | £11.5m |
| KING DAVID SCHOOLS (MANCHESTER) | material uncertainty disclosed | FY2025 | £11.4m |
| WARMINSTER SCHOOL | material uncertainty disclosed | FY2024 | £11.2m |
| THE BLACK COUNTRY LIVING MUSEUM TRUST | material uncertainty disclosed | FY2024 | £10.8m |
| THE BLACK COUNTRY LIVING MUSEUM TRUST | material uncertainty disclosed | FY2022 | £10.8m |
| THE BLACK COUNTRY LIVING MUSEUM TRUST | material uncertainty disclosed | FY2023 | £10.8m |
| RICHMOND AND HILLCROFT ADULT AND COMMUNITY COLLEGE | material uncertainty disclosed | FY2025 | £10.4m |
| HOUSING FOR WOMEN | material uncertainty disclosed | FY2025 | £10.3m |
| North Yorkshire Moors Railway Trust | material uncertainty disclosed | FY2023 | £9.8m |
| THE CATHOLIC SCHOOLS TRUST | material uncertainty disclosed | FY2022 | £9.8m |
| LEEDS THEATRE TRUST LIMITED | material uncertainty disclosed | FY2022 | £9.7m |
| DOWNSIDE SCHOOL | material uncertainty disclosed | FY2024 | £9.6m |
| DOWNSIDE SCHOOL | material uncertainty disclosed | FY2023 | £9.6m |
| DOWNSIDE SCHOOL | material uncertainty disclosed | FY2025 | £9.6m |
| Pivotal Housing Association | material uncertainty disclosed | FY2022 | £9.6m |
| Pivotal Housing Association | material uncertainty disclosed | FY2023 | £9.6m |
| Pivotal Housing Association | material uncertainty disclosed | FY2024 | £9.6m |
| YMCA THAMES GATEWAY | material uncertainty disclosed | FY2024 | £9.4m |
| YMCA THAMES GATEWAY | material uncertainty disclosed | FY2025 | £9.4m |
| IRONBRIDGE GORGE MUSEUM TRUST LIMITED | material uncertainty disclosed | FY2024 | £9.2m |
| ONE YOUNG WORLD LIMITED | material uncertainty disclosed | FY2024 | £8.7m |
| NORTHAMPTONSHIRE ASSOCIATION OF YOUTH CLUBS | material uncertainty disclosed | FY2024 | £8.4m |
| THE CHELTENHAM TRUST | material uncertainty disclosed | FY2024 | £8.3m |
| MARTHA TRUST | material uncertainty disclosed | FY2022 | £8.3m |
| TETTENHALL COLLEGE | material uncertainty disclosed | FY2024 | £8.0m |
| TETTENHALL COLLEGE | material uncertainty disclosed | FY2025 | £8.0m |
| SIBFORD SCHOOL | material uncertainty disclosed | FY2025 | £7.9m |
| HOPE FOR JUSTICE | material uncertainty disclosed | FY2023 | £7.8m |
| HOPE FOR JUSTICE | material uncertainty disclosed | FY2024 | £7.8m |
| THE BRISTOL CLIFTON AND WEST OF ENGLAND ZOOLOGICAL SOCIETY LIMITED | material uncertainty disclosed | FY2024 | £7.6m |
| WENTWORTH WOODHOUSE PRESERVATION TRUST | material uncertainty disclosed | FY2024 | £7.1m |
| WENTWORTH WOODHOUSE PRESERVATION TRUST | material uncertainty disclosed | FY2025 | £7.1m |
| Skills and Education Group | material uncertainty disclosed | FY2024 | £6.9m |
| The English Language Centre | material uncertainty disclosed | FY2021 | £6.8m |
| THE COMMON PURPOSE CHARITABLE TRUST | material uncertainty disclosed | FY2024 | £6.7m |
| FILM NATION UK | material uncertainty disclosed | FY2022 | £6.5m |
| POSTAL HERITAGE TRUST | material uncertainty disclosed | FY2021 | £6.3m |
| POSTAL HERITAGE TRUST | material uncertainty disclosed | FY2023 | £6.3m |
| POSTAL HERITAGE TRUST | material uncertainty disclosed | FY2024 | £6.3m |
| POSTAL HERITAGE TRUST | material uncertainty disclosed | FY2025 | £6.3m |
| OUR LADY'S ABINGDON TRUSTEES LIMITED | material uncertainty disclosed | FY2023 | £6.2m |
| THE SONS OF DIVINE PROVIDENCE | material uncertainty disclosed | FY2022 | £6.2m |
| THE SONS OF DIVINE PROVIDENCE | material uncertainty disclosed | FY2024 | £6.2m |
| THE SONS OF DIVINE PROVIDENCE | material uncertainty disclosed | FY2023 | £6.2m |
| THE ZOOLOGICAL SOCIETY OF EAST ANGLIA LIMITED | material uncertainty disclosed | FY2023 | £6.2m |
| LIVING STREETS (THE PEDESTRIANS ASSOCIATION) | material uncertainty disclosed | FY2024 | £6.0m |
| MARY WARD SETTLEMENT | material uncertainty disclosed | FY2024 | £6.0m |
| ACCESS COMMUNITY TRUST | material uncertainty disclosed | FY2025 | £5.9m |
| ACCESS COMMUNITY TRUST | material uncertainty disclosed | FY2024 | £5.9m |
| HYNDBURN LEISURE | material uncertainty disclosed | FY2023 | £5.9m |
| HYNDBURN LEISURE | material uncertainty disclosed | FY2024 | £5.9m |
| HYNDBURN LEISURE | material uncertainty disclosed | FY2025 | £5.9m |
| VOLUNTEERING MATTERS | material uncertainty disclosed | FY2023 | £5.7m |
| VOLUNTEERING MATTERS | material uncertainty disclosed | FY2025 | £5.7m |
| VOLUNTEERING MATTERS | material uncertainty disclosed | FY2022 | £5.7m |
| VOLUNTEERING MATTERS | material uncertainty disclosed | FY2024 | £5.7m |
| NEWCASTLE SCHOOL FOR BOYS | material uncertainty disclosed | FY2025 | £5.7m |
| CHASDEI AHARON LIMITED | material uncertainty disclosed | FY2024 | £5.6m |
| CHASDEI AHARON LIMITED | material uncertainty disclosed | FY2025 | £5.6m |
| CHASDEI AHARON LIMITED | material uncertainty disclosed | FY2026 | £5.6m |
| CHASDEI AHARON LIMITED | material uncertainty disclosed | FY2023 | £5.6m |
| WINDERMERE EDUCATIONAL TRUST LIMITED | material uncertainty disclosed | FY2025 | £5.5m |
| WINDERMERE EDUCATIONAL TRUST LIMITED | material uncertainty disclosed | FY2024 | £5.5m |
| WILTSHIRE CREATIVE | material uncertainty disclosed | FY2022 | £5.5m |
| MICHAEL HALL SCHOOL | material uncertainty disclosed | FY2022 | £5.5m |
| NATIONAL COLLEGE FOR DIGITAL SKILLS | material uncertainty disclosed | FY2023 | £5.4m |
| NATIONAL COLLEGE FOR DIGITAL SKILLS | material uncertainty disclosed | FY2022 | £5.4m |
| ESSENTIAL CHRISTIAN | material uncertainty disclosed | FY2022 | £5.2m |
| ESSENTIAL CHRISTIAN | material uncertainty disclosed | FY2025 | £5.2m |
| ESSENTIAL CHRISTIAN | material uncertainty disclosed | FY2024 | £5.2m |
| ESSENTIAL CHRISTIAN | material uncertainty disclosed | FY2023 | £5.2m |
| EMPOWER COMMUNITY FOUNDATION | material uncertainty disclosed | FY2025 | £5.1m |
| ORWELL PARK SCHOOL EDUCATIONAL TRUST LTD | material uncertainty disclosed | FY2024 | £5.1m |
| ORWELL PARK SCHOOL EDUCATIONAL TRUST LTD | material uncertainty disclosed | FY2023 | £5.1m |
| THE SAATCHI GALLERY, LONDON | material uncertainty disclosed | FY2021 | £4.9m |
| THE SAATCHI GALLERY, LONDON | material uncertainty disclosed | FY2023 | £4.9m |
| ACTIVE LIFE LIMITED | material uncertainty disclosed | FY2022 | £4.9m |
| ACTIVE LIFE LIMITED | material uncertainty disclosed | FY2024 | £4.9m |
| GLOUCESTER CATHEDRAL | material uncertainty disclosed | FY2024 | £4.8m |
| GLOUCESTER CATHEDRAL | material uncertainty disclosed | FY2023 | £4.8m |
| THE NORTHERN COLLEGE FOR RESIDENTIAL ADULT EDUCATION LIMITED | material uncertainty disclosed | FY2022 | £4.7m |
| THE NORTHERN COLLEGE FOR RESIDENTIAL ADULT EDUCATION LIMITED | material uncertainty disclosed | FY2025 | £4.7m |
| THE NORTHERN COLLEGE FOR RESIDENTIAL ADULT EDUCATION LIMITED | material uncertainty disclosed | FY2023 | £4.7m |
| WEMMS EDUCATION UNLIMITED LIMITED | material uncertainty disclosed | FY2024 | £4.6m |
| FUSION HOUSING KIRKLEES LTD | material uncertainty disclosed | FY2024 | £4.5m |
| FUSION HOUSING KIRKLEES LTD | material uncertainty disclosed | FY2025 | £4.5m |
| FUSION HOUSING KIRKLEES LTD | material uncertainty disclosed | FY2023 | £4.5m |
| THE VARKEY FOUNDATION | material uncertainty disclosed | FY2023 | £4.4m |
| THE VARKEY FOUNDATION | material uncertainty disclosed | FY2024 | £4.4m |
| THE VARKEY FOUNDATION | material uncertainty disclosed | FY2025 | £4.4m |
| I.O.O. LIMITED | material uncertainty disclosed | FY2023 | £4.4m |
| NORTHAMPTONSHIRE INDEPENDENT GRAMMAR SCHOOL CHARITY TRUST LIMITED | material uncertainty disclosed | FY2024 | £4.3m |
| MOUNTAIN TRAINING TRUST | material uncertainty disclosed | FY2025 | £4.3m |
| MOUNTAIN TRAINING TRUST | material uncertainty disclosed | FY2024 | £4.3m |
| ADOPTION MATTERS | material uncertainty disclosed | FY2024 | £4.3m |
| CENTRE FOR ALTERNATIVE TECHNOLOGY CHARITY LIMITED | material uncertainty disclosed | FY2025 | £4.3m |
| TCHABE KOLLEL LIMITED | material uncertainty disclosed | FY2026 | £4.3m |
| TCHABE KOLLEL LIMITED | material uncertainty disclosed | FY2024 | £4.3m |
| TEESSIDE HIGH SCHOOL LIMITED | material uncertainty disclosed | FY2024 | £4.3m |
| THE SHEFFIELD MEDIA AND EXHIBITION CENTRE LIMITED | material uncertainty disclosed | FY2025 | £4.2m |
| THE SHEFFIELD MEDIA AND EXHIBITION CENTRE LIMITED | material uncertainty disclosed | FY2023 | £4.2m |
| OLD BUCKENHAM HALL (BRETTENHAM) EDUCATIONAL TRUST LTD | material uncertainty disclosed | FY2024 | £4.2m |
| OLD BUCKENHAM HALL (BRETTENHAM) EDUCATIONAL TRUST LTD | material uncertainty disclosed | FY2023 | £4.2m |
| ADOPTION UK CHARITY | material uncertainty disclosed | FY2025 | £4.2m |
| INSTITUTE OF CONTEMPORARY ARTS LIMITED | material uncertainty disclosed | FY2025 | £4.1m |
| INSTITUTE OF CONTEMPORARY ARTS LIMITED | material uncertainty disclosed | FY2026 | £4.1m |
| INSTITUTE OF CONTEMPORARY ARTS LIMITED | material uncertainty disclosed | FY2024 | £4.1m |
| INSTITUTE OF CONTEMPORARY ARTS LIMITED | material uncertainty disclosed | FY2023 | £4.1m |
| BEAT (FORMERLY EATING DISORDERS ASSOCIATION) | material uncertainty disclosed | FY2023 | £4.0m |
| CUMBRIA COMMUNITY HOMES | material uncertainty disclosed | FY2022 | £4.0m |
| NEW WINE TRUST | material uncertainty disclosed | FY2021 | £4.0m |
| THE MOTIVATION CHARITABLE TRUST | material uncertainty disclosed | FY2021 | £4.0m |
| THE TAVISTOCK INSTITUTE OF MEDICAL PSYCHOLOGY | material uncertainty disclosed | FY2025 | £3.9m |
| THE TAVISTOCK INSTITUTE OF MEDICAL PSYCHOLOGY | material uncertainty disclosed | FY2023 | £3.9m |
| THE TAVISTOCK INSTITUTE OF MEDICAL PSYCHOLOGY | material uncertainty disclosed | FY2024 | £3.9m |
| KINGSTON THEATRE TRUST | material uncertainty disclosed | FY2025 | £3.9m |
| KINGSTON THEATRE TRUST | material uncertainty disclosed | FY2022 | £3.9m |
| KINGSTON THEATRE TRUST | material uncertainty disclosed | FY2024 | £3.9m |
| MOOR PARK CHARITABLE TRUST LIMITED | material uncertainty disclosed | FY2023 | £3.9m |
| MOOR PARK CHARITABLE TRUST LIMITED | material uncertainty disclosed | FY2024 | £3.9m |
| MOOR PARK CHARITABLE TRUST LIMITED | material uncertainty disclosed | FY2022 | £3.9m |
| MOOR PARK CHARITABLE TRUST LIMITED | material uncertainty disclosed | FY2025 | £3.9m |
| THE FIVE LAMPS ORGANISATION | material uncertainty disclosed | FY2023 | £3.8m |
| ACHIEVE LIFESTYLE | material uncertainty disclosed | FY2024 | £3.7m |
| ACHIEVE LIFESTYLE | material uncertainty disclosed | FY2023 | £3.7m |
| ACHIEVE LIFESTYLE | material uncertainty disclosed | FY2022 | £3.7m |
| ACHIEVE LIFESTYLE | material uncertainty disclosed | FY2025 | £3.7m |
| BCNO LIMITED | material uncertainty disclosed | FY2022 | £3.7m |
| BUTTERWICK LIMITED | material uncertainty disclosed | FY2024 | £3.6m |
| UNLOCKED GRADUATES | material uncertainty disclosed | FY2025 | £3.5m |
| SHUMEI EIKO LIMITED | material uncertainty disclosed | FY2022 | £3.5m |
| CITYGATE CHRISTIAN OUTREACH CENTRE | material uncertainty disclosed | FY2022 | £3.4m |
| SPRINGBOARD SUNDERLAND TRUST | material uncertainty disclosed | FY2025 | £3.4m |
| The Frances Johnstone Legacy Limited | material uncertainty disclosed | FY2022 | £3.3m |
| THE ENGLISH BENEDICTINE ORDER OF OULTON ABBEY NEAR STONE, STAFFS | material uncertainty disclosed | FY2025 | £3.3m |