The Foundation was registered on 1 December 2023. Its first accounting period was the 16 month period ended 31 March 2025.
The Foundation’s gross income for the period was £36,468. Grants awarded were £17,650. The Foundation incurred administration costs of £ 5,696, resulting in a net surplus in the period of £13,122.
The Foundation faces minimal operational or financial risk, awards grants normally up to £500, and has a reserves policy to keep adequate cash on hand for urgent community needs. The trustees do not invest surplus funds other than holding them on bank deposit.
No expenditure commitments have been made more than 12 months from the balance sheet date. The Foundation has no restricted funds, and no funds were held during the year as custodian trustees on behalf of others.
Click here for a full copy of the Foundation's Report and Financial Statements for this initial period, which were approved by the trustees on 27 November 2025.
