A Cambridge- based mostly charity and its subsidiaries have truly reported a 40% surge in income to ₤ 221m, in accordance with their only recently submitted accounts.
Accounts for the year ending 31 December 2023 reveal that the Raspberry Pi Foundation, its industrial subsidiary Raspberry Pi Ltd and lawful entities in America, India and Ireland bought an general income of ₤ 221m in comparison with ₤ 157m the earlier 12 months.
Welsh software program utility enterprise proprietor Eben Upton co-founded the construction in 2008 and works as president of its industrial subsidiary.
In 2013, Raspberry Pi divided proper into 2 parts, with one in control of philanthropic and , consisting of aiding youths prosper with laptop and digital improvements.
The numerous different part is in control of the design and buying and selling duties such because the sale of cheap laptop programs.
Seven- fold rise in income
Financial info submitted with the Charity Commission reveals that income on the construction and its subsidiaries boosted seven-fold in between 2017-18 and 2022-23, from ₤ 31.5 m to ₤ 221m.
In June 2024, Raspberry Pi Ltd got here to be a very had subsidiary of Raspberry Pi Holdings plc, which is a subsidiary of Raspberry Pi MidCo Ltd.
“Subsequently, on 11 June 2024, Raspberry Pi Holdings plc was listed on the London Stock Exchange and the group holding was reduced to below 50%, generating net funds of £136m,” the accounts take a look at.
Looking on the income produced by the construction alone in 2014, it higher than elevated to ₤ 19.3 m (2022: ₤ 8.9 m) and consisted of ₤ 15.6 m in current assist rising from the sale of shares in Raspberry Pi Ltd.
Total will get held by the construction, that embrace money cash and monetary investments, boosted from ₤ 13.4 m to ₤ 22.3 m.
Meanwhile, Raspberry Pi MidCo Ltd made contributions utilizing current assist to the construction of ₤ 16m (2022: ₤ 3m).
This, the accounts declare, “was the result of a dividend received from Raspberry Pi Ltd of £4m in December 2022 and profit on sale of shares in the year of £12m”.
By advertising part of shareholding in Raspberry Pi Holdings plc, “the foundation has created an endowment that will support the sustainable growth of our educational work over the next ten years and beyond,” the accounts embrace.
“Our ambition is that around 50% of our activities will be funded from the endowment and 50% through partnerships and donations, enabling us to reach many more teachers and students by combining our resources and expertise with those of the many partners who share our mission.”
Wages and wages
Wages and wages on the construction and its subsidiaries boosted from ₤ 15.7 m to ₤ 18.9 m in between 2021-23 and 2022-21.
On customary, the month-to-month number of staff accomplished 244 in 2014, beneath 249 in 2022.
The general number of higher-paid staff was 73 (2022: 58), of which 57 have been staff of Raspberry Pi Ltd (2022: 47).
The highest-paid employee bought in between ₤ 520,001 and ₤ 530,000 in 2014 in comparison with ₤ 450,001-460,000 the earlier 12 months.
