Finance Score: -5

Governance Score: 4

Support Score: 16

Liabilities <10%: +3
Excess reserves: -5
Spending declining: -1
Multiple Deficits: -2

No volunteer policy: -2
Good trustee age range: +3
Gender balanced board: +3

Overall weighted support: +16

Overall GiG Score: 15

FRIENDS PROVIDENT CHARITABLE FOUNDATION

The Foundation's overarching aim is to transform the use of financial systems into an informed activity that offers social as well as economic benefits, alleviating social disharmony and inequality.

Analysis by Giving is Great

Positives:

The charity has received backing from multiple prominent grant makers recently
This charity has a robust balance sheet
The Board appears to be well diversified in terms of age and gender

Regulatory & Governance issues to consider:

This charity only provides its support via other charities
Although this charity works with volunteers it does not have a Volunteer Management policy

Financial issues to consider:

This charity has substantial assets and unrestricted reserves of £22,806,154 available, equivalent to 119 months of spending and so may not be able to utilise additional funding
Spending is declining
On several occasions in recent years income has been less than spending

Financial Data ?

Income & Spending ?

Sources of Income ?

Y/E	Income £k	Spending £k	Surplus/ Deficit £k	Fundraising Cost £k	Total Funds £k	Unrestricted Funds £k	Mths Rsrvs	Staff	Volun- teers
30/09/23	£723	£2,309	£-1,587	£4	£22,935	£22,806	118.5	8	7
30/09/22	£690	£2,951	£-2,261	£5	£23,880	£23,798	96.8	8	13
30/09/21	£535	£3,462	£-2,928	£0	£29,931	£0	n/a	8	14
30/09/20	£575	£2,875	£-2,300	£13	£28,809	£0	n/a	8	10
30/09/19	£815	£3,432	£-2,617	£1	£30,965	£0	n/a	7	0
30/09/18	£885	£4,173	£-3,288	£43	£32,166	£20	0.1	6	0
30/09/17	£904	£2,342	£-1,438	£32	£33,753	£80	0.4	6	0
30/09/16	£913	£1,969	£-1,055	£0	£32,829	£20	0.1	3	0
30/09/15	£945	£1,543	£-598	£34	£30,033	£68	0.5	2	0
30/09/14	£963	£1,138	£-175	£28	£29,928	£592	6.2	2	0
30/09/13	£879	£603	£276	£12	£28,756	£922	18.3	3	0
30/09/12	£981	£639	£341	£54	£26,009	£668	12.5	3	0
30/09/11	£969	£820	£148	£52	£22,915	£326	4.8	3	0
30/09/10	£894	£782	£112	£53	£24,061	£178	2.7	3	0
30/09/09	£887	£947	£-60	£53	£22,011	£66	0.8	3	0
30/09/08	£1,061	£990	£70	£62	£20,939	£126	1.5	3	0
30/09/07	£1,354	£1,135	£220	£48	£25,363	£56	0.6	2	0
30/09/06	£1,394	£1,549	£-154	n/a	n/a	n/a	n/a	n/a	n/a
30/09/05	£1,107	£1,694	£-587	n/a	n/a	n/a	n/a	n/a	n/a
30/09/04	£343	£217	£126	n/a	n/a	n/a	n/a	n/a	n/a

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Financial Ratios

Fundraising Costs/Relevant Income: 7%
Fundraising Costs/Total Spending: 0.8%
Senior Staff Costs/Total Spending: 4%
Highest pay band: £70,000-£80,000
Liabilities/Assets: 9%
Liabilities/Income: 306%
Unrestricted Funds/Total Funds: 99%
Reserves/Spending: 118.5 months
Net Current Assets/Spending: -2 months
Quick Ratio: 0.7

Asset Split ?

Balance Sheet History

Established: 23 years

http://www.friendsprovidentfoundation.org

enquiries@friendsprovidentfoundation.org.uk

01904629675

Charity Commission for England and Wales

Tweets

Listed activities

General Charitable Purposes

GiG Classification

Grant-making foundations

How it operates

Makes grants to organisations
Provides other finance
Sponsors or undertakes research

Where it operates

Northern Ireland, Scotland, Throughout England And Wales,

Who it helps

Other Charities Or Voluntary Bodies

Who supports them? ?

Donations from Grant Makers ?

We have details on the following donations. Multi-year donations are allocated to the years for which they are earmarked.

Major supporters in last 5 years

Paul Hamlyn Foundation	£95,000
The Blagrave Trust	£90,000
Indigo Trust	£45,000
Joseph Rowntree Foundation	£45,000
Esmee Fairbairn	£45,000
John Ellerman Foundation	£30,000
Barrow Cadbury Trust	£20,000

Specific Donations

Amount	When Months	To be used for
Paul Hamlyn Foundation - Funding for the Foundation Practice Rating
£50,000	20/03/2024 36	Friends Provident Foundation is an independent charity that makes grants and uses its endowment towards a fair and sustainable economic system that serves society. They lead the Foundation Practice Rating, developed to increase improvements in ....more Friends Provident Foundation is an independent charity that makes grants and uses its endowment towards a fair and sustainable economic system that serves society. They lead the Foundation Practice Rating, developed to increase improvements in diversity, transparency and accountability. This grant contributes towards the Foundation Practice Rating for three years.
The Blagrave Trust - Flexible Fund
£70,000	30/11/2023	Index of Foundation Diversity
Indigo Trust - Towards continuing the Foundation Practice Rating
£45,000	22/09/2022	Towards continuing the Foundation Practice Rating
Paul Hamlyn Foundation - Support for the Foundation Practice Rating (FPR)
£30,000	06/07/2022	Friends Provident Foundation is an independent charity that makes grants and uses its endowment towards a fair and sustainable economic system that serves society. They aim to connect, fund, invest and share learning to shape an economy that works ....more Friends Provident Foundation is an independent charity that makes grants and uses its endowment towards a fair and sustainable economic system that serves society. They aim to connect, fund, invest and share learning to shape an economy that works for all. This grant is a contribution towards the research costs of the Foundation Practice Rating (FPR), which rates UK foundations on their accountability, representation and transparency on an annual basis.
Joseph Rowntree Foundation - Grant to Friends Provident Charitable Foundation
£45,000	09/07/2021 36	Index of Foundation Diversity, Transparency and Accountability
John Ellerman Foundation - Index of Foundation Diversity, Transparency and Accountability
£30,000	25/03/2021	Index of Foundation Diversity, Transparency and Accountability
Esmee Fairbairn - Grant to Friends Provident Foundation
£45,000	10/02/2021	Towards unrestricted core costs To create an index of independent trusts and foundations in the UK in relation to good governance and transparency.
Paul Hamlyn Foundation - Index of Foundation Diversity, Inclusion and Transparency
£15,000	21/01/2021	Friends Provident Foundation is an independent grant making charity. This grant supports a review of publicly available data on foundation governance and practice for the top 100 UK foundations to compile an annual index. The research will be ....more Friends Provident Foundation is an independent grant making charity. This grant supports a review of publicly available data on foundation governance and practice for the top 100 UK foundations to compile an annual index. The research will be conducted by Giving Evidence and it is planned to be published by Civil Society Media and repeated for at least 3 years. This work aims to address the lack of diversity, accountability and transparency in trusts and foundations head on, by trying to create greater accountability in the sector with the development of an annual published index on governance and reporting practices.
The Blagrave Trust - Index of Foundation Diversity
£20,000	17/11/2020	To research and publish an annual Index of Foundation Diversity.
Barrow Cadbury Trust - Index of Diversity Inclusion and Transparency
£20,000	11/08/2020 24	To create an index to measure Foundations' performance on diversity, equity and transparency.
Friends Provident Foundation - FPF - Resilient Economies Journalist Fellowship 2
£180,000	12/09/2017	A fellowship to encourage journalists to engage in our objective to build more resilient economies by producing accessible output on key Foundation themes.
Friends Provident Foundation - Friends Provident Foundation Ideas Development Fund
£20,000	13/06/2017	At their 2017 Away Day Trustees were asked to bring forward 'pitches' - their ideas of areas where the Foundation could have more impact, develop new activities etc. These were discussed on the day and a number identified as having potential for ....more At their 2017 Away Day Trustees were asked to bring forward 'pitches' - their ideas of areas where the Foundation could have more impact, develop new activities etc. These were discussed on the day and a number identified as having potential for further development. This designated funding has been put in place to allow staff to further explore or develop these ideas.
Friends Provident Foundation - FPF - Resilient Economies Journalist Fellowship
£70,075	16/06/2015	A fellowship to encourage journalists to engage in our objective to build more resilient economies by producing accessible output on key Foundation themes.

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Data sourced from Donors via 360 Giving

How is it governed?

Trustees (7)

Current Trustees appointed

Gender Split

Age Range of Trustees: 32-55

ABRAHAM ALEXANDER BALDRY Appointed: 2020, Occupation: Campaign Strategist/Consultant

ANN PIYOLIN DON BOSCO Appointed: 2020, Occupation: Consultant

CAROLINE MAY TAYLOR Appointed: 2023, Occupation: Charity Chief Executive

KATHLEEN MARY JOAN KELLY Appointed: 2017, Occupation: Civil Servant

PAUL BARNABAS BLYTH Appointed: 2023, Occupation: Consultant

STEPHANIE CYNTHIA MAIER Appointed: 2020, Occupation: Investment Director

STEPHEN MARK MUERS (Chair) Appointed: 2017, Occupation: Civil Servant

Legal constitution

Charitable company registered in England & Wales on 19/06/2001, number: 1087053
Registered at Companies House on 05/06/2001, number: 04228843

Gift Aid

Registered with HMRC for Gift Aid

Policies in force

Complaints handling
Complaints policy and procedures
Conflicting interests
Financial reserves policy and procedures
Internal charity financial controls policy and procedures
Internal risk management policy and procedures
Investing charity funds policy and procedures
Investment
Paying staff
Risk management
Safeguarding policy and procedures
Safeguarding vulnerable beneficiaries
Social media policy and procedures
Trustee conflicts of interest policy and procedures
Trustee expenses policy and procedures

Filing Record

20 returns made; all on time

Main office

PRIORY STREET CENTRE
15 PRIORY STREET
YORK
YO1 6ET

Objectives

THE OBJECTS OF THE FOUNDATION ARE TO PAY OR APPLY THE INCOME OR (IF AND WHEN THE TRUSTEES SHALL SEE FIT) THE WHOLE OR ANY PART OF THE CAPITAL OF THE FOUNDATION TO ANY CHARITABLE INSTITUTIONS, BODIES, TRUSTS OR FUNDS OR FOR ANY CHARITABLE PURPOSES PRINCIPALLY IN BUT NOT LIMITED TO THE UNITED KINGDOM (THE OBJECTS).

Defined Area of Benefit:

PRINCIPALLY BUT NOT LIMITED TO THE UNITED KINGDOM

Data Sources

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