THE IDEAS FOUNDATION
The advancement of education of young people in the creative arts and the promotion of creative industry for the public benefit
Objects
10 THE ADVANCEMENT OF EDUCATION IN PARTICULAR, BUT WITHOUT PREDIJUCE TO THE GENERALITY OF THE FOREGOING, THE ADVANCEMENT OF EDUCATION OF YOUNG PERSONS IN THE CREATIVE ARTS; AND 2) THE PROMOTION OF INDUSTRY FOR THE PUBLIC BENEFIT.
Financial health, per its FY2025 accounts
The accounts state that total funds decreased from £115,593 to £99,295 due to a net expenditure of £181,164 against income of £356,556. The trustees report that the current situation is unsustainable in the long run and are considering options including mergers, emergency fundraising, or planned closure. Despite these challenges, unrestricted reserves of £65,897 remain above the stated policy target of £50,000.
What the accounts disclose
“To fulfil contractual obligations, the trustees strive to maintain minimum unrestricted funds to cover three months PAYE and any potential costs relating to closures. Even with the changes in staffing, the Board felt it prudent to leave the amount of reserves required at £50,000.” — page 24
“During the year, the charity paid £500 to Simeon Quarrie for photography and videography services provided to the charity, which were not related to their role as a trustee.” — page 43
“During the year, the charity paid £500 to Simeon Quarrie for photography and videography services provided to the charity, which were not related to their role as a trustee. The payment was made under a contract approved by the board (2024: No related party transactions). In addition to the transactions disclosed above, one trustee donated £23 to the charity. The donation was made without conditions and on normal terms.” — page 43
Policies the charity declares
- Bullying and harassment policy and procedures
- Complaints policy and procedures
- Conflicting interests
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Investment
- Paying staff
- Risk management
- Safeguarding policy and procedures
- Serious incident reporting policy and procedures
- Social media policy and procedures
- Volunteer management
Funders the charity credits
- The Amos Bursary Trust
- The Comino Foundation
- The Garfield Weston Foundation
- The Creative Floor
- The School of Communication Arts
- Festival Bridge
- Collaborative Outreach Networks
- Make Happen
- The University of the Arts London
- University of East London
- City University
- The Careers and Enterprise Company
- Queen Mary University of London
- D&AD
- Cambridge University
Structured financials (annual return, FY ending 31/08/2023)
Trustees
- Charles Mawer
- Edward Michael Richard Smith
- JENNY WILKINS
- Naomi Desalegene
- Simeon Quarrie
- Will Worsdell
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/08/2025 | £357k | £373k |
| 31/08/2024 | £293k | £474k |
| 31/08/2023 | £658k | £639k |
| 31/08/2022 | £992k | £891k |
| 31/08/2021 | £677k | £668k |
Common questions
Is THE IDEAS FOUNDATION financially healthy?
Per its FY2025 accounts: The accounts state that total funds decreased from £115,593 to £99,295 due to a net expenditure of £181,164 against income of £356,556. The trustees report that the current situation is unsustainable in the long run and are considering options including mergers, emergency fundraising, or planned closure. Despite these challenges, unrestricted reserves of £65,897 remain above the stated policy target of £50,000. Its FY2025 accounts were independently examined.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Community Fund | 12/07/2010 | £9k | Creativity Summer School |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE YOUTH ENDOWMENT FUND CHARITABLE TRUST | 1 | £543k |
| THE CHARLES SKEY CHARITABLE TRUST | 1 | £140k |
| IMPETUS - THE PRIVATE EQUITY FOUNDATION | 1 | £111k |
| THE TOLKIEN TRUST | 1 | £105k |
| THE FUNDING NETWORK | 1 | £85k |
| THE LOVINGTON FOUNDATION | 1 | £39k |
| THE ALDGATE AND ALLHALLOWS FOUNDATION | 1 | £20k |
| THE TEDWORTH CHARITABLE TRUST | 1 | £20k |
Charities like this
- INSTITUTE OF IMAGINATION
- ARTIS FOUNDATION
- THE FOUNDATION FOR EDUCATION, ARTS AND CULTURE
- THE ELYSIUM FOUNDATION LIMITED
- The Framlingham Foundation Trust T/A The Ed Sheeran Suffolk Music Foundation
- THE INTERNATIONAL FOUNDATION FOR ARTS AND CULTURE
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| THE IDEAS FOUNDATION | £357k | — | 0 | above | — | no doubt |
| INSTITUTE OF IMAGINATION | £512k | £80,001 - £90,000 | 0 | below | — | no doubt |
| ARTIS FOUNDATION | £1.0m | — | 0 | unclear | — | no doubt |
| THE FOUNDATION FOR EDUCATION, ARTS AND CULTURE | £133k | — | 0 | above | — | no doubt |
| THE ELYSIUM FOUNDATION LIMITED | £107k | — | 0 | above | — | no doubt |
| The Framlingham Foundation Trust T/A The Ed Sheeran Suffolk Music Foundation | £895k | — | — | unclear | — | no doubt |