FOUNDATION HOME

Registered charity 1196369 · accounts filings on the Charity Commission register

The Foundation acts as a donor advised fund, and a corporate trustee of almshouse charities.

Objects

OBJECTS THE OBJECTS OF THE CIO ARE SUCH OBJECTS AND PURPOSES IN ANY PART OF THE WORLD AS ARE EXCLUSIVELY CHARITABLE IN ACCORDANCE WITH THE LAWS OF ENGLAND AND WALES SUBJECT TO CLAUSE 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 · Get email alerts

Latest income
£53k
Latest spending
£6k
Registered
2021
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that unrestricted funds increased significantly to £47,040 from £124 in the prior year, driven by donations of £52,989. The charity incurred total expenditure of £6,104, primarily consisting of in-kind support costs, and made grants totaling £2,500. The trustees report no material uncertainties regarding the charity's ability to continue as a going concern.

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

What the accounts disclose

Reserves policy: no target (held: £47k)
“No commitments are entered into which are not fully covered by known incoming resources so the trustees do not target a particular level of reserve.” — page 5
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Aggregate donations from related parties were £24,828
“Aggregate donations from related parties were £24,828 (2023 Enil). There are no donations from related parties which are outside the normal course of business and no restricted donations from related parties.” — page 14
Per its FY2024 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit). 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.

Register events

Trustees · trustee networks

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

Operates in: Throughout England And Wales

Income and spending

Financial year endIncomeSpending
31/12/2024£53k£6k
31/12/2023£8k£8k
31/12/2022£2k£2k

Common questions

Is FOUNDATION HOME financially healthy?

Per its FY2024 accounts: The accounts state that unrestricted funds increased significantly to £47,040 from £124 in the prior year, driven by donations of £52,989. The charity incurred total expenditure of £6,104, primarily consisting of in-kind support costs, and made grants totaling £2,500. The trustees report no material uncertainties regarding the charity's ability to continue as a going concern. Its FY2024 accounts were independently examined.