ASOS FOUNDATION
Financial health, per its FY2024 accounts
The accounts state that the charity is materially in deficit with unrestricted funds of -£86,959, primarily due to a £900,000 commitment to OnSide Youth Zones recognized in a prior period. The trustees report that the cash position remains consistent with the prior year, supported by continued financial backing from corporate funder ASOS.com Limited. To eliminate the deficit, the board plans to scale back other charitable contributions and explore new fundraising initiatives.
What the accounts disclose
“1 member had a recharged amount of employee benefits between £60,000 to £70,000.” — page 25
“1 member had a recharged amount of employee benefits between £60,000 to £70,000.” — page 25
“The Financial Statements have been prepared on a going concern basis, which the board believes is appropriate due to the continued financial support of ASOS.com Limited.” — page 22
“Jose Antonio Ramos Calamonte, a trustee of the Foundation, was also a Director at ASOS.com Limited within the year ended 31 August 2024. During the Financial year, ASOS.com Limited donated £441,969 (2023: £443,149) to the Foundation.” — page 28
“Nick Robertson donated £53,803 to the Foundation during the year ended 31 August 2024 (2023: £52,633). No balances were outstanding as at year-end.” — page 28
“Jose Antonio Ramos Calamonte, a trustee of the Foundation, was also a Director at ASOS.com Limited within the year ended 31 August 2024. During the Financial year, ASOS.com Limited donated £441,969 (2023: £443,149) to the Foundation.” — page 28
“Nick Robertson donated £53,803 to the Foundation during the year ended 31 August 2024 (2023: £52,633). No balances were outstanding as at year-end.” — page 28
Year-over-year changes
- Employees paid over £60,000: 0 (FY2023) → 1 (FY2024).
Structured financials (annual return, FY ending 31/08/2025)
Trustees
- Benjamin Swart
- Jose Antonio Ramos Calamonte
- Lucy Shepherd
- NICHOLAS ROBERTSON OBE
- Vanessa Spence
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/08/2025 | £931k | £634k |
| 31/08/2024 | £1.2m | £1.3m |
| 31/08/2023 | £1.4m | £1.2m |
| 31/08/2022 | £1.2m | £1.0m |
| 31/08/2021 | £508k | £1.9m |
Common questions
Is ASOS FOUNDATION financially healthy?
The accounts state that the charity is materially in deficit with unrestricted funds of -£86,959, primarily due to a £900,000 commitment to OnSide Youth Zones recognized in a prior period. The trustees report that the cash position remains consistent with the prior year, supported by continued financial backing from corporate funder ASOS.com Limited. To eliminate the deficit, the board plans to scale back other charitable contributions and explore new fundraising initiatives. Its FY2024 accounts were audited by PricewaterhouseCoopers LLP.
What does the highest-paid employee of ASOS FOUNDATION earn?
Per its FY2024 accounts, the highest-paid employee was in the £60,001 - £70,000 band, and 1 employees earned over £60,000.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| GEFEN FOUNDATION | 1 | £73k |
| MW (CL) FOUNDATION | 1 | £70k |
| Rights and Security International | 1 | £18k |
| BESIYATA | 1 | £10k |