Journal
Governance
Running the Foundation cost £1,826 in 2025
Total running costs were 0.7% of income. Here is what they were spent on and how we keep them that low.
2 minute read
The Foundation received £249k in 2025, including Gift Aid. Its total running costs were £1,826, or 0.7% of income. Almost all of that was the independent examination of the accounts and the small administrative costs of running a registered charity.
How we keep it low
- The trustees are unpaid and the Foundation has no staff.
- Altor Wealth Management provides office space, administration and investment oversight at no charge.
- We make a small number of grants each year, so due diligence is proportionate rather than industrial.
- Accounts are independently examined rather than audited, which is appropriate at our size and considerably cheaper.
The examination is carried out by Lefevres Chartered Accountants. The full accounts are available on the reports page.