Financial Statements 2024-2025

Introduction from the Director-General

I am delighted to introduce the 2024–2025 Annual Financial Statements of the Commonwealth Foundation as I take over in my new role at the helm from September 2025. The Foundation’s reputation for careful and transparent use of public funds is again evident in the figures presented. I extend my gratitude to the Foundation team for their diligent stewardship and to our auditors for their continued guidance.

The Financial Statements confirm that the Foundation’s position remains strong, finishing the 2024-2025 year with a surplus of £228,000 and bank balances standing at £3.3 million at the year-end. More than half of this surplus can be attributed to the timely payment of contributions by our members, our effective efforts to recover arrears, and an increase in investment interest. We are thankful to key governors for supporting a targeted outreach strategy which assisted us in ensuring a sustainable financial base. We are also thankful to the UK for their generous contribution of £70,000 in Extra Budgetary Resources towards the costs associated with the Commonwealth People’s Forum held in Samoa in October 2024.

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