FOUNDATION MATTERS

Registered charity 1107662 · accounts filings on the Charity Commission register

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.

Causes: Education/training · The Prevention Or Relief Of Poverty · Religious Activities · website · Get email alerts

Latest income
£355k
Latest spending
£491k
Registered
2005
Accounts read
FY2024

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.

Automated summary of the FY2024 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Reserves policy: no requirement to build a surplus (held: £358k)
“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.”
Per its FY2024 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit). Discloses 5 of 6 completeness components.

Property (HM Land Registry)

2 registered titles in England and Wales held by the charity’s company or corporate body (1 freehold). All charity-held property. Contains HM Land Registry data © Crown copyright, OGL v3.0.

Structured financials (annual return, FY ending 31/12/2023)

Total income
£576k
Total spending
£266k
Reserves (reported)
£151k
Employees
1

Reported reserves equal ~6.8 months of spending — below the median for charities its size (median 7.0 months; benchmarks).

Per its annual return, largest income source: Donations and legacies (87% of income) — components as reported reconcile to the return’s total income; not from the accounts narrative.

Per its annual return, cost of raising funds: 0.0% of total income — below the median for charities its size (2.9%) (benchmarks).

Register events

Trustees · trustee networks

Trustee list from the Charity Commission register (current, not historical).

Operates in: Throughout England And Wales

Income and spending

Financial year endIncomeSpending
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.