THE ABSTRACT FOUNDATION

Charity number: 1196234
Charity reporting is up to date (on time)

Charity overview

Activities - how the charity spends its money

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.

Income and expenditure

Data for financial year ending 30 March 2024

Total income: £329,870
Total expenditure: £520,371

People

3 Trustee(s)

Employees with total benefits over £60,000

No employees have total benefits over £60k for this charity

Fundraising

No information available

Trading

This charity does not have any trading subsidiaries.

Trustee payments

No trustees receive any remuneration, payments or benefits from the charity.

What, who, how, where

Main way of carrying out purposes is grant making
What the charity does:
  • General Charitable Purposes
  • Education/training
  • Disability
Who the charity helps:
  • Children/young People
  • Other Charities Or Voluntary Bodies
  • The General Public/mankind
How the charity helps:
  • Makes Grants To Individuals
  • Makes Grants To Organisations
Where the charity operates:
  • Throughout England And Wales
  • Scotland

Governance

Registration history:
  • 21 October 2021: CIO registration
Organisation type:
CIO
Other names:

No other names

Gift aid:
Not recognised by HMRC for gift aid
Other regulators:
No information available
Policies:
  • 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
Land and property:
This charity does not own and/or lease land or property

Trustees

Trustees are the people responsible for controlling the work, management and administration of the charity on behalf of its beneficiaries. Generally trustees are treasurer, chair, board member etc. The trustees are responsible for keeping this list up to date and can do this by updating their details as they happen through the online service

3 Trustee(s)

Name Role Date of appointment Other trusteeships Reporting status of other trusteeships
Mark Lewis Glatman Chair 18 October 2021
None on record
Stephanie Miles Trustee 18 October 2021
None on record
JOHANNA LOUISE ROPNER Trustee 18 October 2021
THE RANK FOUNDATION LIMITED
Received: On time
Luma Foundation
Received: 2 days late

Financial history

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Financial period end date

Income / Expenditure 30/03/2023 30/03/2024
Total gross income £1.33m £329.87k
Total expenditure £1.02m £520.37k
Income from government contracts N/A N/A
Income from government grants N/A N/A
Income - Donations and legacies £1.33m N/A
Income - Other trading activities £0 N/A
Income - Charitable activities £0 N/A
Income - Endowments £0 N/A
Income - Investment £2.03k N/A
Income - Other £0 N/A
Income - Legacies £0 N/A
Expenditure - Charitable activities £1.02m N/A
Expenditure - Raising funds £3.39k N/A
Expenditure - Governance £4.20k N/A
Expenditure - Grants institution £1.00m N/A
Expenditure - Investment management £0 N/A
Expenditure - Other £0 N/A

Accounts and annual returns

This table shows the charity's record of submitting annual returns, accounts and trustees' annual report (TAR) for the last five financial periods.
Title Reporting year Date received Received Download
Annual return 30 March 2024 16 September 2024 On Time
Accounts and TAR 30 March 2024 16 September 2024 On Time Download Open in new window
Annual return 30 March 2023 13 November 2023 On Time
Accounts and TAR 30 March 2023 13 November 2023 On Time Download Open in new window
Submit annual return Open in new window

Governing document

Details of the type of governing document the charity has and when it was established.
It is not the full text of the charity's governing document.

CIO - FOUNDATION Registered 21 Oct 2021

Charitable 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; AND 3.1.2. 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.

Contact information

Address:
10 Rose & Crown Yard
LONDON
SW1Y 6RE
Phone:
02077478272
Email:
info@abstractfoundation.com
Website:

No information available