FOUNDATION MATTERS
The objectives of the Charity are to advance the Christian faith in accordance with its statement of beliefs, advance education in accordance with Christian principles and to relieve persons who are in conditions of need or hardship, or who are aged or sick.
Financial health, per its FY2024 accounts
The accounts state that the charity reported a deficit of £136,579 for the year ended 31 December 2024, a significant improvement from the £1,347,136 deficit in the prior year which was driven by a prior year depreciation adjustment. Total funds decreased to £2,100,104, comprising £358,238 in unrestricted reserves and £1,741,866 in restricted funds. The trustees note that unrestricted reserves are expended as required for the charity's objectives rather than being built up as a surplus.
What the accounts disclose
“It is the trustees’ policy to expend unrestricted reserves in the furtherance of the Charity's objectives as there is no requirement to build a surplus.”
Property (HM Land Registry)
Structured financials (annual return, FY ending 31/12/2023)
Register events
- Received assets from another charity (14/11/2024)
- Received assets from another charity (17/01/2023)
Trustees
- David Lancaster
- FRANK BREARLEY
- GILLIAN DIANNE LANCASTER
- Ian Brownlow
- PETER KRISTEN RIISNAES
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £355k | £491k |
| 31/12/2023 | £576k | £266k |
| 31/12/2022 | £311k | £247k |
| 31/12/2021 | £305k | £192k |
| 31/12/2020 | £568k | £232k |
Common questions
Is FOUNDATION MATTERS financially healthy?
Per its FY2024 accounts: The accounts state that the charity reported a deficit of £136,579 for the year ended 31 December 2024, a significant improvement from the £1,347,136 deficit in the prior year which was driven by a prior year depreciation adjustment. Total funds decreased to £2,100,104, comprising £358,238 in unrestricted reserves and £1,741,866 in restricted funds. The trustees note that unrestricted reserves are expended as required for the charity's objectives rather than being built up as a surplus. Its FY2024 accounts were independently examined.