The Virgin Money Foundation

Analysis

The Virgin Money Foundation is a registered charity in England and Wales, based in Newcastle Upon Tyne. It was registered in April 2015, 11 years ago. Its declared purposes cover general charitable purposes and other charitable purposes, which this site groups under other charitable purposes. Legally it is a charitable company (Companies House number 09457101). It says it makes grants to individuals, makes grants to organisations and provides other finance.

In the financial year ending March 2025, The Virgin Money Foundation reported income of £3.3m and spending of £3.2m, spending 98% of its income. Across the 5 years on record, from September 2020 to March 2025, income grew from £1.6m to £3.3m (+104%), an average of +20% a year. The sharpest change came in the year to March 2025, when income rose by 78%. Over the whole period it spent 98% of the income it received.

Among 1,463 England and Wales charities whose main cause is other charitable purposes and that reported income, The Virgin Money Foundation sits at the 98th percentile: it is larger than about 98% of them. Against every charity in England and Wales with reported income it ranks in the 97th percentile. Charities of a similar size with the same main cause include The National Academy for Social Prescribing (£3.1m), West Mercia Rape and Sexual Abuse Support Centre (£3.4m) and The Ironmongers Common Investment Fund (£2.9m).

In its latest detailed accounts, income came from donations and legacies 99%. Charitable activities took 96% of spending and raising funds 0.0%. Grants to other organisations totalled £2.5m. Reserves of £1.8m would cover about 6 months of spending at that rate.