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

THE ABSTRACT FOUNDATION

Registered charity 1196234 · accounts filings on the Charity Commission register

Latest income
£164k
Latest spending
£214k
Registered
2021
Accounts read
FY2023

Financial health, per its FY2023 accounts

The accounts state that the charity generated £1.3 million in income and held total funds of £308,947 at the end of the period, with £21,447 in unrestricted reserves. The trustees report that the charity has adequate resources to continue in operational existence and the independent auditors confirmed there are no material uncertainties regarding its ability to continue as a going concern.

What the accounts disclose

Reserves policy: approximately 3 months’ worth of running costs (≈ £10,000) (held: £21k)
“Our aim is to maintain approximately 3 months’ worth of running costs as unrestricted reserves (≈ £10,000).” — page 6
Per its FY2023 accounts as filed with the Charity Commission.
Related-party transaction: 13
“During the period the Foundation received donations of £640,000 from Abstract Securities Limited, a company in which Mark Glatman is a director and a person with significant control and Stephanie Miles is a director.” — page 20
Per its FY2023 accounts as filed with the Charity Commission.

Accounts audited by Xeinadin Audit Limited.

Structured financials (annual return, FY ending 30/03/2023)

Total income
£1.3m
Total spending
£1.0m
Cost of raising funds
£3k
Reserves (reported)
£21k
Employees
0

Reported reserves equal ~0.3 months of spending — in the bottom quarter for charities its size (median 7.0 months; benchmarks).

Trustees

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

Operates in: Scotland · Throughout England And Wales

Income and spending

Financial year endIncomeSpending
30/03/2025£164k£214k
30/03/2024£330k£520k
30/03/2023£1.3m£1.0m

Common questions

Is THE ABSTRACT FOUNDATION financially healthy?

The accounts state that the charity generated £1.3 million in income and held total funds of £308,947 at the end of the period, with £21,447 in unrestricted reserves. The trustees report that the charity has adequate resources to continue in operational existence and the independent auditors confirmed there are no material uncertainties regarding its ability to continue as a going concern. Its FY2023 accounts were audited by Xeinadin Audit Limited.

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 GENERATIONAL FOUNDATION1£500k
RAMBLERS HOLIDAYS CHARITABLE TRUST1£7k

Charities like this

Semantically similar by activities and financial character, from our analysed corpus. Compare with THE GENERATIONAL FOUNDATION.