A Cambridge- based charity and its subsidiaries have actually reported a 40% surge in revenue to ₤ 221m, according to their just 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 got an overall revenue of ₤ 221m compared to ₤ 157m the previous year.
Welsh software application business owner Eben Upton co-founded the structure in 2008 and works as president of its industrial subsidiary.
In 2013, Raspberry Pi divided right into 2 components, with one in charge of philanthropic and , consisting of aiding youths prosper with computer and electronic innovations.
The various other component is in charge of the design and trading tasks such as the sale of inexpensive computer systems.
Seven- fold rise in revenue
Financial information submitted with the Charity Commission reveals that revenue at the structure 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 came to be a completely 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 check out.
Looking at the revenue produced by the structure alone in 2014, it greater than increased to ₤ 19.3 m (2022: ₤ 8.9 m) and consisted of ₤ 15.6 m in present help emerging from the sale of shares in Raspberry Pi Ltd.
Total gets held by the structure, that include cash money and financial investments, boosted from ₤ 13.4 m to ₤ 22.3 m.
Meanwhile, Raspberry Pi MidCo Ltd made contributions using present help to the structure of ₤ 16m (2022: ₤ 3m).
This, the accounts claim, “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 marketing a 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 include.
“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 at the structure and its subsidiaries boosted from ₤ 15.7 m to ₤ 18.9 m in between 2021-23 and 2022-21.
On standard, the month-to-month variety of workers completed 244 in 2014, below 249 in 2022.
The overall variety of higher-paid workers was 73 (2022: 58), of which 57 were workers of Raspberry Pi Ltd (2022: 47).
The highest-paid worker got in between ₤ 520,001 and ₤ 530,000 in 2014 compared to ₤ 450,001-460,000 the previous year.
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