Anglo American Foundation
The Foundation is committed to supporting development initiatives directed towards the global and local community. Specifically, the Foundation works to empower youth to create a greener and fairer future. The Foundation welcomes applications from organisations associated with the following areas: economic opportunity, mental health, sexual and repreoductive health and youth agency
Financial health, per its FY2024 accounts
The accounts state that unrestricted reserves stood at £67,128,910, which the trustees confirm are sufficient to cover committed donations and governance costs. The charity's operations are dependent on donations from the Anglo American plc Group, and the trustees have adopted the going concern basis noting this dependency. No material uncertainties were identified by the auditors regarding the charity's ability to continue in operational existence.
What the accounts disclose
“It is the policy of the Foundation to ensure that there are sufficient cash reserves to cover all committed donations and governance costs.”
“The Foundation’s ability to operate as a going concern is assessed in conjunction with the AA plc Group as it is dependent upon the ability of the AA plc Group companies to make donations to the Foundation.” — page 6
“In the year, donations of £2,000 were received from AA Services (2023 - £3,500,000). Certain Trustees are employed by AA Services or other subsidiaries of Anglo American plc.” — page 28
“Employee costs of £302,656 (2023 - £232,200) have been borne by AA Services.” — page 28
“In the year, donations of £2,000 were received from AA Services (2023 - £3,500,000). Certain Trustees are employed by AA Services or other subsidiaries of Anglo American plc.” — page 28
“Employee costs of £302,656 (2023 - £232,200) have been borne by AA Services.” — page 28
“In the year, donations of £2,000 were received from AA Services (2023 - £3,500,000). Certain Trustees are employed by AA Services or other subsidiaries of Anglo American plc.” — page 28
“Employee costs of £302,656 (2023 - £232,200) have been borne by AA Services.” — page 28
“In the year, donations of £2,000 were received from AA Services (2023 - £3,500,000). Certain Trustees are employed by AA Services or other subsidiaries of Anglo American plc.” — page 28
“Employee costs of £302,656 (2023 - £232,200) have been borne by AA Services.” — page 28
“In the year, donations of £2,000 were received from AA Services (2023 - £3,500,000). Certain Trustees are employed by AA Services or other subsidiaries of Anglo American plc.” — page 28
“Employee costs of £302,656 (2023 - £232,200) have been borne by AA Services.” — page 28
Structured financials (annual return, FY ending 31/12/2023)
Trustees
- Andre Jacobus van den Berg
- Elaine Smith Genser
- Mamadou Biteye
- Nompumelelo Dessederia Zikalala
- Richard John Brent Price
- Ruben Fernandes
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £348k | £8.5m |
| 31/12/2023 | £3.8m | £5.9m |
| 31/12/2022 | £6.4m | £14.2m |
| 31/12/2021 | £80.3m | £3.4m |
| 31/12/2020 | £4.4m | £4.4m |
Common questions
Is Anglo American Foundation financially healthy?
Per its FY2024 accounts: The accounts state that unrestricted reserves stood at £67,128,910, which the trustees confirm are sufficient to cover committed donations and governance costs. The charity's operations are dependent on donations from the Anglo American plc Group, and the trustees have adopted the going concern basis noting this dependency. No material uncertainties were identified by the auditors regarding the charity's ability to continue in operational existence. Its FY2024 accounts were audited by PricewaterhouseCoopers LLP.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE BLOOM FOUNDATION | 1 | £60k |
| GANDYS FOUNDATION | 1 | £47k |
| TACKLE AFRICA | 1 | £45k |
| Able Child Africa | 1 | £30k |
| THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MATTHEWS, SURBITON | 1 | £643 |
Charities like this
- ELBA HOPE FOUNDATION
- MONTPELIER FOUNDATION LIMITED
- gold-youth Africa Foundation UK
- UKH FOUNDATION
- THE BARTLETT FOUNDATION
- FUTURE
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| Anglo American Foundation | £348k | — | 0 | unclear | — | noted |
| ELBA HOPE FOUNDATION | £209k | — | 0 | below | — | noted |
| MONTPELIER FOUNDATION LIMITED | £123k | — | — | above | — | no doubt |
| gold-youth Africa Foundation UK | £304k | — | 0 | unclear | — | no doubt |
| UKH FOUNDATION | £119k | — | 0 | unclear | — | no doubt |
| THE BARTLETT FOUNDATION | £266k | — | 0 | above | — | no doubt |