THE NORTHERN POWERGRID FOUNDATION

Charity number: 1203185
Charity reporting is up to date (on time)

Charity overview

Activities - how the charity spends its money

The Northern Powergrid Foundation aims to make a difference to the people who live in Northern Powergrid's operating areas by supporting projects and initiatives relating to energy resilience, fuel poverty, sustainability and the efficient use of energy and resources.

Income and expenditure

Data for financial year ending 31 December 2023

Total income:
£7,570,080

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Donations and legacies £7.57m
Charitable activities £0
Other trading activities £0
Investments £0
Other £0

Total expenditure:
£749,567

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Raising funds £0
Charitable activities £748.76k
Other £808

£0 investments gains (losses)

Charitable expenditure

Charitable expenditure

Some charities generate all, or a substantial part, of their income from investments which may have been donated to the charity as endowment or set aside by the charity from its own resources in the past. Such investments usually take the form of stocks and shares but may include other assets, such as property, that are capable of generating income and/or capital growth.

In managing their spending and investments charities need to strike a balance between the needs of future and current beneficiaries. They also need to take account of spending commitments that may stretch over a number of future years. To do this, charities will normally adopt an investment strategy designed to generate both income and capital growth. To maximise returns trustees may commit to investment strategies for several years.

Investments can experience large swings in value so trustees may, in a particular year, decide to realise and spend part of their charity’s capital or to invest part of its income.

By clicking the investment gains checkbox the charitable spending bar is adjusted to take account of capital growth as well as income. This shows the balance the charity is striking, between spending on current beneficiaries and retaining resources for future beneficiaries.

Text alternative for this canvas graphic is in the data table below.
Raising funds and other expenditure £808
Charitable expenditure £748.76k
Retained for future use £6.82m

People

5 Trustee(s)

Employees with total benefits over £60,000

No information available

Fundraising

No information available

Trading

This charity does not have any trading subsidiaries.

Trustee payments

No trustees receive any remuneration, payments or benefits from the charity.

What, who, how, where

Main way of carrying out purposes is grant making
What the charity does:
  • Education/training
  • The Advancement Of Health Or Saving Of Lives
  • Disability
  • The Prevention Or Relief Of Poverty
  • Environment/conservation/heritage
  • Economic/community Development/employment
  • Human Rights/religious Or Racial Harmony/equality Or Diversity
Who the charity helps:
  • The General Public/mankind
How the charity helps:
  • Makes Grants To Organisations
  • Provides Advocacy/advice/information
  • Sponsors Or Undertakes Research
Where the charity operates:
  • Throughout England

Governance

Registration history:
  • 22 May 2023: Standard registration
Organisation type:
Charitable company
Other names:

No other names

Company number:
14241649 Open in new window
Gift aid:
Not recognised by HMRC for gift aid
Other regulators:
No information available
Policies:
  • 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
  • Risk management
  • Safeguarding policy and procedures
  • Safeguarding vulnerable beneficiaries
  • Trustee conflicts of interest policy and procedures
  • Trustee expenses policy and procedures
Land and property:
This charity does not own and/or lease land or property

Trustees

Trustees are the people responsible for controlling the work, management and administration of the charity on behalf of its beneficiaries. Generally trustees are treasurer, chair, board member etc. The trustees are responsible for keeping this list up to date and can do this by updating their details as they happen through the online service

5 Trustee(s)

Name Role Date of appointment Other trusteeships Reporting status of other trusteeships
JOSEPH PAUL DOCHERTY Chair 01 June 2023
ESMEE FAIRBAIRN FOUNDATION
Received: On time
David Wilkin Trustee 05 June 2023
REAL LIFE OPTIONS
Received: On time
NATIONAL COAL MINING MUSEUM FOR ENGLAND TRUST LTD
Received: On time
Kathryn Bradley Trustee 01 June 2023
None on record
Joanne Pamela Coe Trustee 18 July 2022
None on record
Louise Anne Lowes Trustee 18 July 2022
None on record

Financial history

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Financial period end date

Income / Expenditure 31/12/2023
Total gross income £7.57m
Total expenditure £749.57k
Income from government contracts N/A
Income from government grants N/A
Income - Donations and legacies £7.57m
Income - Other trading activities £0
Income - Charitable activities £0
Income - Endowments £0
Income - Investment £0
Income - Other £0
Income - Legacies £0
Expenditure - Charitable activities £748.76k
Expenditure - Raising funds £0
Expenditure - Governance £5.40k
Expenditure - Grants institution £0
Expenditure - Investment management £0
Expenditure - Other £808

Assets and liabilities

Definitions for assets and liabilities
Own use assets

These are assets, other than investments, which are held for more than 12 months and used to run and administer the charity such as buildings, offices, exhibits and fixtures and fittings.

Long term Investments

Investments are assets held by the charity with the sole aim of generating income which will be used for their charitable purposes such as deposit accounts, shares, rental property and unit trusts.
Investment assets are re-valued every year and included in the balance sheet at their current market value.
Long term investments are held for more than 12 months.

Other assets

These are assets held generally for less than 12 months such as cash and bank balances, debtors, investments to be sold within the coming year and trading stock.

Defined benefit pension scheme asset or liability

This is a surplus or deficit in any defined benefit pension scheme operated and represents a potential long-term asset or liability.

Total liabilities

These are all the amounts owed by the charity at the balance sheet date to third parties such as bills due but not yet paid, bank overdrafts and loans and mortgages.

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Asset / Liability 31/12/2023
Own use assets £0
Long-term investments £0
Other assets £6.83m
Defined benefit pension scheme asset or liability £0
Total liabilities £5.40k

Accounts and annual returns

This table shows the charity's record of submitting annual returns, accounts and trustees' annual report (TAR) for the last five financial periods.
Title Reporting year Date received Received Download
Annual return 31 December 2023 29 July 2024 On Time
Accounts and TAR 31 December 2023 29 July 2024 On Time Download Open in new window
Submit annual return Open in new window

Governing document

Details of the type of governing document the charity has and when it was established.
It is not the full text of the charity's governing document.

MEMORANDUM AND ARTICLES INCORPORATED 18 JUL 2022 NOW ARTICLES ADOPTED BY SPECIAL RESOLUTION DATED 03 MAY 2023 AS REGISTERED AT COMPANIES HOUSE ON 18 MAY 2023

Charitable objects

4.1 THE ONLY OBJECTS FOR WHICH THE CHARITY IS ESTABLISHED ARE, FOR THE PUBLIC BENEFIT AND PRIMARILY (ALTHOUGH NOT EXCLUSIVELY) WITHIN THE PRINCIPAL AREA OF BENEFIT: 4.1.1 THE PREVENTION AND RELIEF OF POVERTY, AND THE RELIEF OF THOSE IN NEED DUE TO FINANCIAL HARDSHIP, ILL-HEALTH, DISABILITY OR OTHER DISADVANTAGE INCLUDING THROUGH THE PROVISION OF ADVICE AND SUPPORT FOR THE OPTIMISATION OF LIVING CONDITIONS, PARTICULARLY RELATING TO THE USE OF ENERGY AND RESOURCES AMONG THOSE IN NECESSITOUS CIRCUMSTANCES, INCLUDING THOSE IN FUEL-POOR HOUSEHOLDS, OR WHO HAVE SUFFERED LOSS THROUGH WEATHER-RELATED OR OTHER ENVIRONMENTAL EVENTS; 4.1.2 THE MAINTENANCE, IMPROVEMENT OR PROVISION OF PUBLIC AMENITIES FOR THE PUBLIC BENEFIT IN AREAS WHICH ARE SOCIALLY AND ECONOMICALLY DEPRIVED; 4.1.3 THE PRESERVATION, CONSERVATION, PROTECTION AND IMPROVEMENT OF THE ENVIRONMENT INCLUDING THROUGH SUPPORTING SUSTAINABILITY AND THE PRUDENT AND EFFICIENT USE OF RESOURCES; AND 4.1.4 THE ADVANCEMENT OF EDUCATION THROUGH THE PROVISION AND SUPPORT OF EDUCATIONAL SUPPORT AND TRAINING ABOUT ALL ASPECTS OF EFFICIENT AND SUSTAINABLE USE OF ENERGY AND RESOURCES. (THE OBJECTS). 4.2 FOR THE PURPOSE OF ARTICLE 4.1, THE PRINCIPAL AREA OF BENEFIT MEANS THE GEOGRAPHIC AREAS COVERED FROM TIME TO TIME BY THE ELECTRICITY DISTRIBUTION LICENCES OF NORTHERN POWERGRID (YORKSHIRE) PLC (COMPANY NUMBER 04112320) AND NORTHERN POWERGRID (NORTHEAST) PLC (COMPANY NUMBER 02906593).

Contact information

Address:
LLOYDS COURT
78 GREY STREET
NEWCASTLE UPON TYNE
NE1 6AF
Phone:
07889 108 663
Email:
jessica.cook@northernpowergrid.com
Website:

https://www.northernpowergridfoundation.com/ Open in new window