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THE ABSTRACT FOUNDATION

Registered charity 1196234 · accounts filings on the Charity Commission register

N.B. We are not currently accepting unsolicited requests for funding. The Abstract Foundation makes grants to organisations and individuals, with a particular focus on projects which support young people and help them to improve their opportunities and quality of life.

Causes: General Charitable Purposes · Education/training · Disability · Grant history (this charity is a funder) · Get email alerts

Latest income
£164k
Latest spending
£214k
Registered
2021
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that total income fell significantly to £329,870 from £1.3 million in the prior year, resulting in a net deficit of £190,501. Unrestricted reserves dropped to £6,730, which is below the trustees' stated policy target of approximately £10,000 (three months' running costs). However, the trustees and auditors confirm the charity is a going concern, noting adequate resources and a commitment from a key donor to cover overheads.

Automated summary of the FY2024 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Largest income source: Abstract Securities Limited (96% of income)
“Income for the year was £329,870 (2023: £1.3 million). This includes £5,100 (2023: £640,000) received from Abstract Securities Limited (ASL), and £250,000 (2023: £630,000) from other individual and corporate donors.” — page 6
Per its FY2024 accounts as filed with the Charity Commission.
Reserves policy: three months of unrestricted expenditure (held: £7k)
“Our aim is to maintain approximately 3 months’ worth of running costs as unrestricted reserves (= £10,000).”
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Donations received from Abstract Securities Limited, a company where trustees Mark Glatman and Stephanie Miles are directors.
“During the year the Foundation received donations of £5,100 from Abstract Securities Limited (2023: £640,000), a company in which Mark Glatman is a director and a person with significant control and Stephanie Miles is a director. Further information is provided in the Trustees’ Report.” — page 21
Per its FY2024 accounts as filed with the Charity Commission.

Accounts audited by Xeinadin Audit Limited. Discloses 4 of 6 completeness components.

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).

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: 0.3% of total income — below the median for charities its size (2.9%) (benchmarks).

Trustees · trustee networks

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?

Per its FY2024 accounts: The accounts state that total income fell significantly to £329,870 from £1.3 million in the prior year, resulting in a net deficit of £190,501. Unrestricted reserves dropped to £6,730, which is below the trustees' stated policy target of approximately £10,000 (three months' running costs). However, the trustees and auditors confirm the charity is a going concern, noting adequate resources and a commitment from a key donor to cover overheads. Its FY2024 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.

Side by side with its peers

CharityIncomeTop pay bandStaff >£60kReserves vs policyFundraising costGoing concern
THE ABSTRACT FOUNDATION£164k—0unclear—no doubt
THE GENERATIONAL FOUNDATION FY2024£1.4m—0unclear—no doubt
THE HADDAD FOUNDATION FY2024£8.3m——unclear—no doubt
THE AGS FOUNDATION FY2024£120k—0unclear—no doubt
The Considered Ask Foundation FY2024£1.5m—0unclear—no doubt
THE ASTRA FOUNDATION FY2025£1.4m£70,001 - £80,0001below—no doubt

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