THE USBORNE FOUNDATION
fund and sponsor other charities. Further education generally and relief of poverty
Financial health, per its FY2024 accounts
The accounts state that unrestricted reserves stood at £1,375,836, which the trustees consider to be in line with their policy of maintaining between three and six months' expenditure. The charity reported a surplus of £1,329,872 for the year, funded primarily by donations and investment income, with sufficient resources to continue operations in the medium term.
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 £2,352,514 (2023: ENil). Donations paid to Teach Your Monster Limited £1,000,000 (2023: £1,000,193). At the year end date £354,327 (2023: Nil) included in Other Debtors was receivable from Teach Your Monster Limited.” — page 17
Year-over-year changes
- Reserves position vs the charity's own policy moved from "within" (FY2022) to "above" (FY2024).
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?
Per its FY2024 accounts: The accounts state that unrestricted reserves stood at £1,375,836, which the trustees consider to be in line with their policy of maintaining between three and six months' expenditure. The charity reported a surplus of £1,329,872 for the year, funded primarily by donations and investment income, with sufficient resources to continue operations in the medium term. Its FY2024 accounts were audited by West & Berry Limited.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| NNS FOUNDATION | 1 | £5.1m |
| THE BROOMTON FOUNDATION | 1 | £500k |
| JOSEPH ROWNTREE FOUNDATION | 1 | £40k |
| NORTHUMBERLAND NATIONAL PARK FOUNDATION | 1 | £40k |
| CHAPMAN CHARITABLE TRUST | 1 | £1k |
Charities like this
- THE SANDERSON FOUNDATION
- THE ORWELL FOUNDATION
- PONOSI FOUNDATION
- The Trust Foundation
- UNIVERSITY OF PENNSYLVANIA (USA) FOUNDATION LIMITED
- EUROPEAN COLLEGE OF BUSINESS AND MANAGEMENT
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| THE USBORNE FOUNDATION | £2.4m | — | 0 | above | — | no doubt |
| THE SANDERSON FOUNDATION | £236k | — | 0 | unclear | — | no doubt |
| THE ORWELL FOUNDATION | £194k | — | 0 | unclear | — | no doubt |
| PONOSI FOUNDATION | £144k | — | 0 | unclear | — | no doubt |
| The Trust Foundation | £3.0m | — | 0 | above | — | no doubt |
| UNIVERSITY OF PENNSYLVANIA (USA) FOUNDATION LIMITED | £7.6m | — | 0 | unclear | — | no doubt |