THE ASHMORE FOUNDATION
The Ashmore Foundation supports causes within the Emerging Markets, particularly though not exclusively to the countries and communities in which the Ashmore Group invests. Our grant making policy is wide ranging but maintains a special focus on initiatives in education, livelihoods and social enterprise which benefit those most vulnerable and which support long-term self development.
Objects
SUCH EXCLUSIVELY CHARITABLE PURPOSES AS THE TRUSTEES OF THE CHARITY MAY IN THEIR ABSOLUTE DISCRETION DETERMINE.
Financial health, per its FY2025 accounts
The accounts state that unrestricted reserves stood at $13.8 million as of 30 June 2025, an increase from the previous year's $11.9 million. The Trustees confirm that the Foundation has sufficient financial resources to meet its liabilities as they fall due for at least 12 months from the date of the report. The financial statements were prepared on a going concern basis with no material uncertainties identified.
What the accounts disclose
“The Foundation employed one sole Director in the period to 30 June 2025. The Director received total remuneration for the year of $87 thousand (2024: $78 thousand) in the form of salaries and pension.”
Policies the charity declares
- Bullying and harassment policy and procedures
- Campaigns and political activity policy and procedures
- Complaints policy and procedures
- Conflicting interests
- Engaging external speakers at charity events policy and procedures
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Investing charity funds policy and procedures
- Investment
- Risk management
- Safeguarding policy and procedures
- Safeguarding vulnerable beneficiaries
- Serious incident reporting policy and procedures
- Social media policy and procedures
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
From the charity’s annual return (Part A, self-declared)
Self-declared on the annual return for the financial year ending 30/06/2025
- Volunteers: 15
- Grant-making is its main activity
Self-declared on the annual return for the financial year ending 30/06/2024
- Volunteers: 10
- Grant-making is its main activity
Self-declared on the annual return for the financial year ending 30/06/2023
- Volunteers: 7
- Grant-making is its main activity
Structured financials (annual return, FY ending 30/06/2025)
Trustees
- Patrick Cadellchair
- Christos Theodorou
- Dhiren Shah
- Emma Young
- JAMES CARLETON
- Mark Coombs
- Rashi Talwar Bhatia
- Satya Duhita
- Seki Mutukwa
- Sofia Rodriguez
- Thuy Dam
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 30/06/2025 | £941k | £130k |
| 30/06/2024 | £980k | £427k |
| 30/06/2023 | £951k | £537k |
| 30/06/2022 | £1.5m | £343k |
| 31/12/2020 | £344k | £159k |
Common questions
Is THE ASHMORE FOUNDATION financially healthy?
Per its FY2025 accounts: The accounts state that unrestricted reserves stood at $13.8 million as of 30 June 2025, an increase from the previous year's $11.9 million. The Trustees confirm that the Foundation has sufficient financial resources to meet its liabilities as they fall due for at least 12 months from the date of the report. The financial statements were prepared on a going concern basis with no material uncertainties identified. Its FY2025 accounts were audited by Ernst & Young LLP.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| TACKLE AFRICA | 1 | £45k |
Charities like this
- THE ASHWORTH CHARITABLE TRUST
- JESBROW FOUNDATION
- THE ARISAIG PARTNERS FOUNDATION
- WELLINGTON MANAGEMENT UK FOUNDATION
- THE BROOMTON FOUNDATION
- DAVID AND ELAINE POTTER FOUNDATION
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| THE ASHMORE FOUNDATION | £941k | — | 1 | unclear | — | no doubt |
| THE ASHWORTH CHARITABLE TRUST | £201k | — | 0 | unclear | — | no doubt |
| JESBROW FOUNDATION | £98k | — | — | unclear | — | noted |
| THE ARISAIG PARTNERS FOUNDATION | £258k | — | 0 | unclear | — | no doubt |
| WELLINGTON MANAGEMENT UK FOUNDATION | £834k | — | 0 | unclear | — | no doubt |
| THE BROOMTON FOUNDATION | £3.0m | — | 0 | unclear | — | no doubt |