Charity Accounts Intelreading the accounts so you don’t have to

PARABOLA FOUNDATION

Registered charity 1156008 · accounts filings on the Charity Commission register

To further charitable and cultural projects that will bring benefit to the public

Causes: General Charitable Purposes · Education/training · The Prevention Or Relief Of Poverty · Arts/culture/heritage/science · Environment/conservation/heritage · Grant history (this charity is a funder) · Get email alerts

Latest income
£448k
Latest spending
£288k
Registered
2014
Accounts read
FY2025

Financial health, per its FY2025 accounts

The accounts state that the charity operates on a going concern basis despite reporting a net deficit of £465,847, supported by confirmed funding commitments from the Parabola Group and Peter John Millican. The charity's reserves policy targets approximately 12 months' income, but unrestricted funds are currently in deficit rather than holding positive reserves. The organization relies heavily on donations from related parties to meet its liabilities and future obligations.

Automated summary of the FY2025 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Reserves policy: circa 12 months’ income (held: £-466k)
“The Trustees’ policy is to hold circa 12 months’ income as reserves.” — page 3
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Donations made to Kings Place Music Foundation, Ruwenzori Sculpture Foundation, and Poverty Relief Foundation, where Peter John Millican is a Trustee.
“Peter John Millican is also a Trustee of Kings Place Music Foundation, Ruwenzori Sculpture Foundation and Poverty Relief Foundation who received donations from the charity during the year.” — page 3
Per its FY2025 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit). Discloses 4 of 6 completeness components.

Structured financials (annual return, FY ending 31/03/2024)

Total income
£956k
Total spending
£857k
Reserves (reported)
£0
Employees
0

Reported reserves equal ~0.0 months of spending — in the bottom quarter for charities its size (median 7.0 months; benchmarks).

Per its annual return, largest income source: Donations and legacies (100% of income) — components as reported reconcile to the return’s total income; not from the accounts narrative.

Per its annual return, cost of raising funds: 0.0% of total income — below the median for charities its size (2.9%) (benchmarks).

Register events

Trustees · trustee networks

Trustee list from the Charity Commission register (current, not historical).

Operates in: Throughout England

Income and spending

Financial year endIncomeSpending
31/03/2025£448k£288k
31/03/2024£956k£857k
31/03/2023£514k£441k
31/03/2022£500k£620k
31/03/2021£863k£621k

Common questions

Is PARABOLA FOUNDATION financially healthy?

Per its FY2025 accounts: The accounts state that the charity operates on a going concern basis despite reporting a net deficit of £465,847, supported by confirmed funding commitments from the Parabola Group and Peter John Millican. The charity's reserves policy targets approximately 12 months' income, but unrestricted funds are currently in deficit rather than holding positive reserves. The organization relies heavily on donations from related parties to meet its liabilities and future obligations. Its FY2025 accounts were independently examined.

Funders of similar charities

Funders whose accounts show grants to charities similar to this one (and no recorded grant to this charity) — a starting list for fundraisers.

FunderSimilar charities fundedAmount to them
THE FOOTBALL FOUNDATION1£1.6m
THE VINEHILL TRUST1£50k
LIVING WELL UK1£14k
THE PENNIES FOUNDATION1£7k
MARIA BJORNSON MEMORIAL FUND1£5k
THE MARCHUS TRUST1£5k
THE PWC FOUNDATION1£5k
DR RADCLIFFE'S TRUST1£4k

Charities like this

Semantically similar by activities and financial character, from our analysed corpus. Compare with THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ALL SAINTS' STAPLEHURST.

Side by side with its peers

CharityIncomeTop pay bandStaff >£60kReserves vs policyFundraising costGoing concern
PARABOLA FOUNDATION£448k—0unclear—no doubt
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ALL SAINTS' STAPLEHURST FY2025£149k—0unclear—no doubt
GEFEN FOUNDATION FY2025£373k—0unclear—no doubt
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. PETER HUDDERSFIELD FY2025£136k—0unclear—no doubt
GABRIELI FY2025£994k—0unclear—no doubt
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST PETER, EALING FY2024£200k—0unclear—no doubt

Each row is that charity’s latest analysed filing; every value is quote-backed on its own page.