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home >> charity search >> the abstract foundation
Finance Score: 1
Governance Score: 1
Support Score: 0
  • Low unrestricted reserves: -2
  • Fundraising costs low: +3
  • Only 3 Trustees: -2
  • Gender balanced board: +3
  • No supporters identified
Overall GiG Score: 2 ?

THE ABSTRACT FOUNDATION 

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.
Analysis by Giving is Great

Positives:

  • The charity has received backing from a grant maker
  • Fundraising costs are unusually low relative to funds raised

Regulatory & Governance issues to consider:

  • This charity is not recognised by HMRC for Gift Aid according to its latest published return
  • There are only 3 trustees

Financial issues to consider:

  • Unrestricted reserves appear to be dangerously low at the latest year end
miles

Financial Data ?

Y/E Income
£k		 Spending
£k		 Surplus/
Deficit		 Fundraising
Cost £k		 Total
Funds £k		 Unrestricted
Funds £k		 Mths
Rsrvs		 Staff Volun-
teers
30/03/23£1,330£1,021£309£3£309£210.300
Download accounts
Financial Ratios
Fundraising Costs/Relevant Income: 0.3%
Fundraising Costs/Total Spending: 0.3%
Highest pay band: Less than £60,000
Liabilities/Assets: 60%
Liabilities/Income: 35%
Unrestricted Funds/Total Funds: 7%
Reserves/Spending: 0.3 months
Net Current Assets/Spending: 7 months
Quick Ratio: 3.8
Asset Split ?
Established: 3 years

info@abstractfoundation.com

02077478272

Charity Commission for England and Wales
UN SDGs
?
Listed activities
  • Disability
  • Education/Training
  • General Charitable Purposes
GiG Classification
  • Education support services
How it operates
  • Makes Grants to Individuals
  • Makes Grants to Organisations
Where it operates
  • Scotland, Throughout England And Wales,
Who it helps
  • Children/Young People
  • Other Charities Or Voluntary Bodies
  • The General Public/Mankind

Who's supporting them? ?

We have no records of donations from grant makers.

How is it governed?

Trustees (3)
Current Trustees appointed
Gender Split

Legal constitution
  • Charity registered in England & Wales on 21/10/2021, number: 1196234
Gift Aid
  • NOT registered with HMRC for Gift Aid
Policies in force
  • 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
Filing Record
1 returns made; all on time
Main office

10 Rose & Crown Yard
LONDON
SW1Y 6RE

Objectives

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.

Data Sources

Charity Commission for England and Wales
CharityBase
Authorised officials of this charity can add information to this page (including a Donate Now button) for no cost

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