READ FOUNDATION — Charity Commission profile

01 Identity

Registration and reporting

Registration status: Registered
Reporting status: Submission Received
Charity type: Charitable company
Registered: 30 January 2015
Removed: Not supplied
Company number supplied: 09195667
Financial period: 1 April 2024 – 31 March 2025
Latest income: £12,082,828
Latest expenditure: £10,105,776
Gift Aid: Yes
Owns or uses land: Yes
In administration: No
Insolvent: No
CIO: No

Public contact address: Read Foundation, Victoria Court, 376 Wilmslow Road, MANCHESTER, M14 6AX

Website recorded by the regulator: www.readfoundation.org.uk (displayed as text)

02 Activities

What the charity does

READ FOUNDATION CHANGED ITS LEGAL STRUCTURE FROM A TRUST TO A CHARITABLE COMPANY, NO:1160256. HISTORICAL INFORMATION IS AVAILABLE UNDER THE PREVIOUS CHARITY NUMBER: 1114808.READ Foundation builds purpose built schools to provide quality education for poor and rural communities. It sponsors orphans & needy children to gain the skills needed to help themselves out of poverty.

03 Official extract

Charity Annual Return History

Fin Period Start Date: 1 April 2024
Fin Period End Date: 31 March 2025
Ar Cycle Reference: AR25
Reporting Due Date: 31 January 2026
Date Annual Return Received: 27 November 2025
Date Accounts Received: 27 November 2025
Total Gross Income: £12,082,828
Total Gross Expenditure: £10,105,776

Fin Period Start Date: 1 April 2023
Fin Period End Date: 31 March 2024
Ar Cycle Reference: AR24
Reporting Due Date: 31 January 2025
Date Annual Return Received: 10 January 2025
Date Accounts Received: 10 January 2025
Total Gross Income: £12,052,823
Total Gross Expenditure: £9,348,440

Fin Period Start Date: 1 April 2022
Fin Period End Date: 31 March 2023
Ar Cycle Reference: AR23
Reporting Due Date: 31 January 2024
Date Annual Return Received: 27 December 2023
Date Accounts Received: 27 December 2023
Total Gross Income: £8,480,813
Total Gross Expenditure: £8,000,979

Fin Period Start Date: 1 April 2021
Fin Period End Date: 31 March 2022
Ar Cycle Reference: AR22
Reporting Due Date: 31 January 2023
Date Annual Return Received: 16 January 2023
Date Accounts Received: 16 January 2023
Total Gross Income: £7,308,283
Total Gross Expenditure: £5,400,365

Fin Period Start Date: 1 April 2020
Fin Period End Date: 31 March 2021
Ar Cycle Reference: AR21
Reporting Due Date: 31 January 2022
Date Annual Return Received: 24 January 2022
Date Accounts Received: 24 January 2022
Total Gross Income: £5,369,265
Total Gross Expenditure: £4,928,902

04 Official extract

Charity Annual Return Parta

Latest Fin Period Submitted Ind: Yes
Fin Period Order Number: 1
Ar Cycle Reference: AR25
Fin Period Start Date: 1 April 2024
Fin Period End Date: 31 March 2025
Ar Due Date: 31 January 2026
Ar Received Date: 27 November 2025
Total Gross Income: £12,082,828
Total Gross Expenditure: £10,105,776
Grant Making Is Main Activity: Yes
Count Govt Contracts: 0
Count Govt Grants: £0
Charity Has Trading Subsidiary: No
Does Trustee Receive Any Benefit: No
Trustee Payments Acting As Trustee: No
Trustee Receives Payments Services: No
Trustee Receives Other Benefit: No
Trustee Resigned Employment: No
Employees Salary Over 60k: Yes
Count Salary Band 70001 80000: 1
Count Salary Band 90001 100000: 1
Count Volunteers: 20

Latest Fin Period Submitted Ind: No
Fin Period Order Number: 2
Ar Cycle Reference: AR24
Fin Period Start Date: 1 April 2023
Fin Period End Date: 31 March 2024
Ar Due Date: 31 January 2025
Ar Received Date: 10 January 2025
Total Gross Income: £12,052,823
Total Gross Expenditure: £9,348,440
Grant Making Is Main Activity: Yes
Count Govt Contracts: 0
Count Govt Grants: £0
Charity Has Trading Subsidiary: No
Does Trustee Receive Any Benefit: No
Trustee Payments Acting As Trustee: No
Trustee Receives Payments Services: No
Trustee Receives Other Benefit: No
Trustee Resigned Employment: No
Employees Salary Over 60k: Yes
Count Salary Band 60001 70000: 1
Count Salary Band 80001 90000: 1
Count Volunteers: 25

Latest Fin Period Submitted Ind: No
Fin Period Order Number: 3
Ar Cycle Reference: AR23
Fin Period Start Date: 1 April 2022
Fin Period End Date: 31 March 2023
Ar Due Date: 31 January 2024
Ar Received Date: 27 December 2023
Total Gross Income: £8,480,813
Total Gross Expenditure: £8,000,979
Grant Making Is Main Activity: Yes
Count Govt Contracts: 0
Count Govt Grants: £0
Charity Has Trading Subsidiary: No
Does Trustee Receive Any Benefit: No
Trustee Payments Acting As Trustee: No
Trustee Receives Payments Services: No
Trustee Receives Other Benefit: No
Trustee Resigned Employment: No
Employees Salary Over 60k: Yes
Count Salary Band 90001 100000: 1
Count Volunteers: 20

Latest Fin Period Submitted Ind: No
Fin Period Order Number: 4
Ar Cycle Reference: AR22
Fin Period Start Date: 1 April 2021
Fin Period End Date: 31 March 2022
Ar Due Date: 31 January 2023
Ar Received Date: 16 January 2023
Total Gross Income: £7,308,283
Total Gross Expenditure: £5,400,365
Charity Raises Funds From Public: Yes
Charity Professional Fundraiser: Yes
Charity Agreement Professional Fundraiser: Yes
Charity Commercial Participator: No
Charity Receives Govt Funding Contracts: No
Charity Receives Govt Funding Grants: Yes
Count Govt Grants: £1
Income From Government Grants: £4,908
Charity Has Trading Subsidiary: No
Does Trustee Receive Any Benefit: No
Trustee Resigned Employment: No
Employees Salary Over 60k: Yes
Count Salary Band 60001 70000: 1
Count Volunteers: 25

Latest Fin Period Submitted Ind: No
Fin Period Order Number: 5
Ar Cycle Reference: AR21
Fin Period Start Date: 1 April 2020
Fin Period End Date: 31 March 2021
Ar Due Date: 31 January 2022
Ar Received Date: 24 January 2022
Total Gross Income: £5,369,265
Total Gross Expenditure: £4,928,902
Charity Raises Funds From Public: Yes
Charity Professional Fundraiser: Yes
Charity Agreement Professional Fundraiser: Yes
Charity Commercial Participator: No
Charity Receives Govt Funding Contracts: No
Charity Receives Govt Funding Grants: No
Charity Has Trading Subsidiary: No
Does Trustee Receive Any Benefit: No
Trustee Resigned Employment: No
Employees Salary Over 60k: Yes
Count Salary Band 60001 70000: 1
Count Volunteers: 15

05 Official extract

Charity Annual Return Partb

Latest Fin Period Submitted Ind: Yes
Fin Period Order Number: 1
Ar Cycle Reference: AR25
Fin Period Start Date: 1 April 2024
Fin Period End Date: 31 March 2025
Ar Due Date: 31 January 2026
Ar Received Date: 27 November 2025
Income Donations And Legacies: 12034256
Income Other Trading Activities: 0
Income Charitable Activities: 29775
Income Investments: 18797
Income Other: 0
Income Total Income And Endowments: 12082828
Income Legacies: 0
Income Endowments: 0
Expenditure Raising Funds: £1,971,958
Expenditure Charitable Expenditure: £8,133,818
Expenditure Other: 0
Expenditure Total: 10105776
Expenditure Investment Management: 0
Expenditure Grants Institution: 6082261
Expenditure Governance: 10800
Expenditure Support Costs: 497015
Expenditure Depreciation: 11205
Gain Loss Investment: 0
Gain Loss Pension Fund: 0
Gain Loss Revaluation Fixed Investment: 0
Gain Loss Other: 0
Reserves: £750,000
Assets Total Fixed: 15735
Assets Own Use: 15735
Assets Long Term Investment: 0
Defined Benefit Pension Scheme: 0
Assets Other Assets: £9,716,754
Assets Total Liabilities: £684,215
Assets Current Investment: 0
Assets Total Assets And Liabilities: £9,048,274
Creditors One Year Total Current: 684215
Creditors Falling Due After One Year: 0
Assets Cash: £7,936,450
Funds Endowment: 0
Funds Unrestricted: 4068072
Funds Restricted: 4980202
Funds Total: 9048274
Count Employees: 59
Charity Only Accounts: Yes

Latest Fin Period Submitted Ind: No
Fin Period Order Number: 2
Ar Cycle Reference: AR24
Fin Period Start Date: 1 April 2023
Fin Period End Date: 31 March 2024
Ar Due Date: 31 January 2025
Ar Received Date: 10 January 2025
Income Donations And Legacies: 12018575
Income Other Trading Activities: 0
Income Charitable Activities: 25177
Income Investments: 9071
Income Other: 0
Income Total Income And Endowments: 12052823
Income Legacies: 0
Income Endowments: 0
Expenditure Raising Funds: £1,800,036
Expenditure Charitable Expenditure: £7,532,704
Expenditure Other: 15700
Expenditure Total: 9348440
Expenditure Investment Management: 0
Expenditure Grants Institution: 5800295
Expenditure Governance: 9600
Expenditure Support Costs: 380668
Expenditure Depreciation: 15700
Gain Loss Investment: 0
Gain Loss Pension Fund: 0
Gain Loss Revaluation Fixed Investment: 0
Gain Loss Other: 0
Reserves: £300,000
Assets Total Fixed: 13816
Assets Own Use: 13816
Assets Long Term Investment: 0
Defined Benefit Pension Scheme: 0
Assets Other Assets: £8,840,560
Assets Total Liabilities: £1,783,154
Assets Current Investment: 0
Assets Total Assets And Liabilities: £7,071,222
Creditors One Year Total Current: 1783154
Creditors Falling Due After One Year: 0
Assets Cash: £6,525,603
Funds Endowment: 0
Funds Unrestricted: 3516075
Funds Restricted: 3555147
Funds Total: 7071222
Count Employees: 58
Charity Only Accounts: Yes

Latest Fin Period Submitted Ind: No
Fin Period Order Number: 3
Ar Cycle Reference: AR23
Fin Period Start Date: 1 April 2022
Fin Period End Date: 31 March 2023
Ar Due Date: 31 January 2024
Ar Received Date: 27 December 2023
Income Donations And Legacies: 8447288
Income Other Trading Activities: 0
Income Charitable Activities: 29140
Income Investments: 4385
Income Other: 0
Income Total Income And Endowments: 8480813
Income Legacies: 0
Income Endowments: 0
Expenditure Raising Funds: £1,403,877
Expenditure Charitable Expenditure: £6,587,483
Expenditure Other: 9619
Expenditure Total: 8000979
Expenditure Investment Management: 0
Expenditure Grants Institution: 0
Expenditure Governance: 8400
Expenditure Support Costs: 264055
Expenditure Depreciation: 9619
Gain Loss Investment: 0
Gain Loss Pension Fund: 0
Gain Loss Revaluation Fixed Investment: 0
Gain Loss Other: 0
Reserves: £300,000
Assets Total Fixed: 19531
Assets Own Use: 19531
Assets Long Term Investment: 0
Defined Benefit Pension Scheme: 0
Assets Other Assets: £6,192,867
Assets Total Liabilities: £1,845,559
Assets Current Investment: 0
Assets Total Assets And Liabilities: £4,366,839
Creditors One Year Total Current: 1845559
Creditors Falling Due After One Year: 0
Assets Cash: £5,890,778
Funds Endowment: 0
Funds Unrestricted: 3202253
Funds Restricted: 1164586
Funds Total: 4366839
Count Employees: 39
Charity Only Accounts: Yes

Latest Fin Period Submitted Ind: No
Fin Period Order Number: 4
Ar Cycle Reference: AR22
Fin Period Start Date: 1 April 2021
Fin Period End Date: 31 March 2022
Ar Due Date: 31 January 2023
Ar Received Date: 16 January 2023
Income Donations And Legacies: 7288033
Income Other Trading Activities: 0
Income Charitable Activities: 13403
Income Investments: 1939
Income Other: 4908
Income Total Income And Endowments: 7308283
Income Legacies: 0
Income Endowments: 0
Expenditure Raising Funds: £1,034,460
Expenditure Charitable Expenditure: £4,365,905
Expenditure Other: 0
Expenditure Total: 5400365
Expenditure Investment Management: 0
Expenditure Grants Institution: 3301045
Expenditure Governance: 5400
Expenditure Support Costs: 1064860
Expenditure Depreciation: 7299
Gain Loss Investment: 0
Gain Loss Pension Fund: 0
Gain Loss Revaluation Fixed Investment: 0
Gain Loss Other: 0
Reserves: £304,266
Assets Total Fixed: 14820
Assets Own Use: 14820
Assets Long Term Investment: 0
Defined Benefit Pension Scheme: 0
Assets Other Assets: £4,742,304
Assets Total Liabilities: £870,119
Assets Current Investment: 0
Assets Total Assets And Liabilities: £3,887,005
Creditors One Year Total Current: 870119
Creditors Falling Due After One Year: 0
Assets Cash: £4,327,972
Funds Endowment: 0
Funds Unrestricted: 2927789
Funds Restricted: 959216
Funds Total: 3887005
Count Employees: 21
Charity Only Accounts: Yes

Latest Fin Period Submitted Ind: No
Fin Period Order Number: 5
Ar Cycle Reference: AR21
Fin Period Start Date: 1 April 2020
Fin Period End Date: 31 March 2021
Ar Due Date: 31 January 2022
Ar Received Date: 24 January 2022
Income Donations And Legacies: 5334393
Income Other Trading Activities: 0
Income Charitable Activities: 540
Income Investments: 2325
Income Other: 32007
Income Total Income And Endowments: 5369265
Income Legacies: 0
Income Endowments: 0
Expenditure Raising Funds: £584,076
Expenditure Charitable Expenditure: £4,344,826
Expenditure Other: 0
Expenditure Total: 4928902
Expenditure Investment Management: 0
Expenditure Grants Institution: 3487554
Expenditure Governance: 4213
Expenditure Support Costs: 178141
Expenditure Depreciation: 10087
Gain Loss Investment: 0
Gain Loss Pension Fund: 0
Gain Loss Revaluation Fixed Investment: 0
Gain Loss Other: 0
Reserves: £200,000
Assets Total Fixed: 20480
Assets Own Use: 20480
Assets Long Term Investment: 0
Defined Benefit Pension Scheme: 0
Assets Other Assets: £2,473,135
Assets Total Liabilities: £514,528
Assets Current Investment: 0
Assets Total Assets And Liabilities: £1,979,087
Creditors One Year Total Current: 514528
Creditors Falling Due After One Year: 0
Assets Cash: £2,169,834
Funds Endowment: 0
Funds Unrestricted: 2130406
Funds Restricted: -151319
Funds Total: 1979087
Count Employees: 29
Charity Only Accounts: Yes

06 Official extract

Charity Area Of Operation

Geographic Area Type: Country
Geographic Area Description: Bangladesh
Parent Geographic Area Type: Continent
Parent Geographic Area Description: Asia
Welsh Ind: No

Geographic Area Type: Country
Geographic Area Description: Occupied Palestinian Territories
Parent Geographic Area Type: Continent
Parent Geographic Area Description: Asia
Welsh Ind: No

Geographic Area Type: Country
Geographic Area Description: Turkey
Parent Geographic Area Type: Continent
Parent Geographic Area Description: Asia
Welsh Ind: No

Geographic Area Type: Country
Geographic Area Description: Yemen
Parent Geographic Area Type: Continent
Parent Geographic Area Description: Asia
Welsh Ind: No

Geographic Area Type: Country
Geographic Area Description: Lebanon
Parent Geographic Area Type: Continent
Parent Geographic Area Description: Asia
Welsh Ind: No

Geographic Area Type: Country
Geographic Area Description: Pakistan
Parent Geographic Area Type: Continent
Parent Geographic Area Description: Asia
Welsh Ind: No

07 Official extract

Charity Classification

Classification Code: 304
Classification Type: How
Classification Description: Provides Human Resources

Classification Code: 105
Classification Type: What
Classification Description: The Prevention Or Relief Of Poverty

Classification Code: 207
Classification Type: Who
Classification Description: The General Public/mankind

Classification Code: 306
Classification Type: How
Classification Description: Provides Services

Classification Code: 101
Classification Type: What
Classification Description: General Charitable Purposes

Classification Code: 102
Classification Type: What
Classification Description: Education/training

08 Official extract

Charity Event History

Charity Name: READ FOUNDATION
Charity Event Order: 1
Event Type: Standard registration
Date Of Event: 2015-01-30T00:00:00

Charity Name: READ FOUNDATION
Charity Event Order: 2
Event Type: Asset transfer in
Date Of Event: 2018-04-19T00:00:00
Reason: Funds transferred (incor)
Assoc Organisation Number: 4021185
Assoc Registered Charity Number: 1114808
Assoc Charity Name: READ FOUNDATION

09 Official extract

Charity Governing Document

Governing Document Description: MEMORANDUM AND ARTICLES INCORPORATED 30 AUG 2014
Charitable Objects: 1.1 FOR PUBLIC BENEFIT TO PROMOTE THE EDUCATION INCLUDING SOCIAL, MORAL AND PHYSICAL TRAINING OF PEOPLE OF ANY AGE ANYWHERE IN THE WORLD IN SUCH WAYS AS THE ORGANISATION THINKS FIT INCLUDING BUT NOT LIMITED TO BY THE ESTABLISHMENT, MAINTENANCE AND ASSISTANCE OF SCHOOLS, COLLEGES AND OTHER INSTITUTIONS;1.2 THE PREVENTION OR THE RELIEF OF POVERTY ANYWHERE IN THE WORLD BY PROVIDING GRANTS, ITEMS AND SERVICES TO THE INDIVIDUALS IN NEED AND/OR CHARITIES, OR OTHER ORGANISATIONS WORKING TO PREVENT OR RELIEVE POVERTY;1.3 RELIEF OF FINANCIAL NEED AND SUFFERING AMONGST VICTIMS OF NATURAL OR OTHER KINDS OF DISASTERS IN THE FORM OF MONEY OR OTHER MEANS DEEMED SUITABLE FOR PERSONS, BODIES, ORGANISATIONS AND/OR COUNTRIES AFFECTED, INCLUDING THE PROVISION OF MEDICAL AID.
Area Of Benefit: ANYWHERE IN THE WORLD

10 Official extract

Charity Policy

Policy Name: Risk management

Policy Name: Bullying and harassment policy and procedures

Policy Name: Trustee expenses policy and procedures

Policy Name: Complaints handling

Policy Name: Internal charity financial controls policy and procedures

Policy Name: Financial reserves policy and procedures

Policy Name: Social media policy and procedures

Policy Name: Campaigns and political activity policy and procedures

Policy Name: Complaints policy and procedures

Policy Name: Investing charity funds policy and procedures

Policy Name: Trustee conflicts of interest policy and procedures

Policy Name: Safeguarding vulnerable beneficiaries

Policy Name: Engaging external speakers at charity events policy and procedures

Policy Name: Paying staff

Policy Name: Conflicting interests

Policy Name: Serious incident reporting policy and procedures

Policy Name: Safeguarding policy and procedures

Policy Name: Internal risk management policy and procedures

Policy Name: Volunteer management