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.

Objects

3.1. THE OBJECTS OF THE CIO ARE TO ADVANCE SUCH CHARITABLE PURPOSES (ACCORDING TO THE LAW OF ENGLAND AND WALES) AS THE TRUSTEES SEE FIT FROM TIME TO TIME, IN PARTICULAR, BUT NOT LIMITED TO:3.1.1. ADVANCING THE EDUCATION (INCLUDING SOCIAL AND PHYSICAL TRAINING) OF YOUNG PEOPLE FOR THE PUBLIC BENEFIT, IN SUCH WAYS AS THE CHARITY TRUSTEES THINK FIT, IN PARTICULAR, BUT NOT EXCLUSIVELY, BY PROVIDING GRANTS TO INDIVIDUALS IN NEED AND/OR ORGANISATIONS THAT SUPPORT SUCH PEOPLE; AND3.1.2. ADVANCING IN LIFE AND RELIEVING THE NEEDS OF YOUNG PEOPLE, IN SUCH WAYS AS THE CHARITY TRUSTEES THINK FIT, IN PARTICULAR, BUT NOT EXCLUSIVELY, BY PROVIDING GRANTS TO SUPPORT ACTIVITIES WHICH DEVELOP THEIR SKILLS, CAPACITIES AND CAPABILITIES TO ENABLE THEM TO PARTICIPATE IN SOCIETY AS MATURE AND RESPONSIBLE INDIVIDUALS.3.2. NOTHING IN THIS CONSTITUTION SHALL AUTHORISE AN APPLICATION OF THE PROPERTY OF THE CIO FOR THE PURPOSES WHICH ARE NOT CHARITABLE IN ACCORDANCE WITH SECTION 7 OF THE CHARITIES AND TRUSTEE INVESTMENT (SCOTLAND) ACT 2005 AND SECTION 2 OF THE CHARITIES ACT (NORTHERN IRELAND) 2008.

The charity’s charitable objects and area of benefit, quoted from its governing document as held on the Charity Commission register.

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

Registered contact address: Westminster, London, England (from the postcode on the register)

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

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

Policies the charity declares

In its annual return the charity told the Commission that it has the policies listed below. This is self-declared: it is not verified by the Commission or by this site, and it is not evidence of how a policy works in practice.

• Conflicting interests
• Financial reserves policy and procedures
• Internal charity financial controls policy and procedures
• Internal risk management policy and procedures
• Risk management
• Safeguarding policy and procedures
• Safeguarding vulnerable beneficiaries
• Trustee conflicts of interest policy and procedures
• Trustee expenses policy and procedures

From the charity’s annual return (Part A, self-declared)

Answers and figures the charity gave in Part A of its annual return to the Charity Commission. They are self-declared: not verified by the Commission or by this site. Only positive answers and figures are listed; items not listed are simply not shown.

Source: this charity’s annual returns on the Charity Commission register.

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

Reported reserves equal ~0.3 months of spending — in the bottom quarter for charities its size (median 7.2 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 (3.2%) (benchmarks).

Trustees · trustee networks

• Mark Lewis Glatmanchair
• JOHANNA LOUISE ROPNER · trustee of 2 other charities
• Stephanie Miles

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

Operates in: Scotland · Throughout England And Wales

Income and spending

Common questions

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.

Charities like this

Semantically similar by activities and financial character, from our analysed corpus. Compare with The Trust Foundation.

• The Trust Foundation income £2.5m
• THE FEBRUARY FOUNDATION income £34.3m
• The Considered Ask Foundation income £1.5m
• ASSOCIATION OF CHARITABLE FOUNDATIONS income £1.7m
• AMT FOUNDATION LIMITED income £152k
• FOCUS FOUNDATION income £879k

Side by side with its peers

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