THE USBORNE FOUNDATION
Financial health, per its FY2022 accounts
The accounts state that the charity reported a deficit of £537,082 for the year ended 31 December 2022, resulting in unrestricted reserves falling to £1,049,398. The trustees consider these reserves to be sufficient to continue operations in the medium term and maintain that the level meets the charity's policy target of three to six months' expenditure.
What the accounts disclose
“It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure.” — page 4
“Donations received from related parties amounted to £500,000 (2021: 1,574,393)” — page 13
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- Anjanette Pavell
- MARTIN OLIVER USBORNE
- NICOLA SUSAN MARIE USBORNE
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £2.4m | £1.0m |
| 31/12/2023 | £10k | £1.0m |
| 31/12/2022 | £628k | £1.2m |
| 31/12/2021 | £1.8m | £1.1m |
| 31/12/2020 | £342k | £425k |
Common questions
Is THE USBORNE FOUNDATION financially healthy?
The accounts state that the charity reported a deficit of £537,082 for the year ended 31 December 2022, resulting in unrestricted reserves falling to £1,049,398. The trustees consider these reserves to be sufficient to continue operations in the medium term and maintain that the level meets the charity's policy target of three to six months' expenditure. Its FY2022 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE REISNER CHARITABLE FOUNDATION LTD | 1 | £5k |