The Abstract Foundation
Annual Re
ort and Financial Statements
Ih
For the year ended 30 March2025
Registered Charity Number: 1196234

The Abstract Foundation111962341
Le
al and Administrative Information
Trustees
Mr M L Glatrnan
Mrs S Miles
Mrsj L Ropner
Charity Number
1196234
Prlnclpal Address
10 Rose and Crown Yard
Kin8 Scree(
London
5W1Y 6RE
Independent Examlner
Deborah Fletcher-mcvay FCA
Xeinadin
Trinity House
Thurston Road
Norchallerton
North Yorkshire
DL6 2NA
Bankers
Coutts & Co
St Martins Office
440 Strand
London
WC2R OQS
Year Ended 30" March 2025

The Abs(ract Foundauon111962341
Contents
Trustees, Annual Report
Sratement of Trustees, Responsibilities
Independent Examinerfs Report
Statement of Financial Activiries
Balance Sheet
Statement of Cash Flows
10
Notes to the Financial Statements
11-16
Year Ended 3trh March 2025

The Abstratt Foundation111962341
Trustees, Annual Re
ort
For the period 31" March 2024 to 30'- March 2025
The financial 5totements have been prepared in accordance with the accounting policies set out in
note 1 to the financial statements and comply with the chariW5 constitution, the Charities Act 2011
and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to
charities preparing their accounts in accordance wi(h (he Financial Reporting Standard applicable in
the UK and Republic of Ireland IFRS 1021" (effective 1 January 2019).
Objectives and Activities
The Foundation aims to improve the lives of young people aged O to 30 in the UK. in a significant and
lasting way. We achieve this by bringlng together donors so can provide funding ro support the
work of outStandin8 organisations.
The objects of the CIO are to advance such charitsble purposes {according to the law of England and
Wales) as the trustees see fit from rime to time. in parcicular, but not limited (o-
Advancing the education lincluding social and physical training) of young people for rhe public
benefit. in such ways as the charity trustees think fit, in particular, but not exclusively, by
providing grants to individuals In need andlor organisations that support such people,. and
Advancing in life and relieving rhe need5 of young people, In such ways as the charity trustees
think fiL in particular, bui not exclusively, by providing grants to support activities which
develop their skills, capacities and capabilities to enable them to participate in society as
marure and responsible Sndivlduals.
The trustees have had regard to the Charity Commission guidance on public benefit.
Grant Maklng
We have carried out our objetts by providing both unrestricted and restricted grants to organlsatlons
who work with and support young people. The Foundation has a Grant Makin8 Pollcy which outlines
the principles, criteria, and processes which we apply when awarding grants.
r Prioritie
Improving young people's access to career development and trainin8 Opportunities, including
apprenticeship5. which will help them to improve their life chances, find employment or start
a business.,
Improvlng young people's physical. mental or emotional wellbeln&
Improving young people's skills. capacities and capabilities to enable them to participate in
society as independent. mature and responsible individLsals.'
Supporting young people who are experiencing or at risk of homelessnes5.
OurA
ch to Grant M kln
We want to apply best practice in our granr making and we endeavor to be as supportive and
flexible as possible for our grantees.
Where possible. the grants we make are unrestricted. or only lightly restricted {e.g. requiring
them to be spent within a specific timeframe).
We have regular contact with our grantees and request annual reports from them about the
activities and outcomes which we have supported. Ifwe award an unrestricted grant. we look
at the overall activities and results of the organisations we have funded.
We use our network of donors and contacts to provide grantees with additional support and
resources.
Year Ended 30" March 2025

The Abstracr Foundaiion111%2341- Trustee¥ Annual Repon
Achievements and Performance
Educatlon
Netherhall School - £500.000 over 4.5 years12022-2026)
We continued our multi-year funding agreement with Netherhall School in Cambridge, to deliver two
core programmes. and we are very pleased with the progress made wilh both of these.
I ntegrate- creating and delivering a free programme of support and information for families
rhroughout a studenys educational life. via online content and in-person events.
The project has continued to be a great success with sustained interest from parents
across a broad range of topics.
They have successfully registered an independent charity to ensure the work can
continue, and expand. beyond the end of our funding agreement. The charity has
already successfully applied for funding from other sources.
I nnovate
creating and delivering a distinct pathway. tailored towards students who
experience barriers to engagement with Iraditional curriculums.
This project has also continued to be a great succe55. Wlth engagement and behaviour
improving for nearly all students.
We, and the school, are confident that this programme will help young people to find
employment. improve their life chances and develop the skills they need to participate
in, and contribute to. society.
The programme has created a number of additional opportunities and lead to broader
changes across the school. One panicularly notable result of these changes is that
they have reduced exclusion events from 280 2 years ago. to O rhis year.
Y uth H¢Lmel
ssn
We have several ongoing Youth Homelessness projects..
February 2024 - Rush House - £250.000 of unrestrlcted funding over 3 years, to be spent
within S years.
February 2024- Safe and Sound Homes- £150,000 ofunrestricted fundingto be spent within
3 years.
February 2025- Park Lodge Project- £500.000 to fund their Employed and Supported Project.
We have had regular contart with granfees over the course of the year, and we are thrilled with the
impact our8rants are having on iMpro￿nE the lives ofyoung people.
Park Lodge Project- £500.000 for thelr Employed and Supported Project
The grant has been used to buy and furnish a 5 bedroom house. which accommodates young
people who are ready to Stan work. but who aren't ready to live independently. with the aim
of ensuring they can transition to. and sustain. long-term employment and independence.
The House was opened in November 2024. and, in the short time since. it has already been
transformational,. several young people have successfully moved on to independent
accommodation whilst maintaining their employment.
The grant has also allowed Park Lodge to employ a member of staff to support young people
living in the Employment House, and for a period of time after they move on. In addition to
thi5, she provides Education, Employment and Training support to young people throughout
the organisation, with a focus on ensuring they stay engaged with education and helping them
prepare for employment opportLJnilies
The Employmenr House is having a positive impartacross the organisarion, byshowingyoung
people rhar work is a financially 5UStainable op(ion which can help them get on the next step
of the ladder. There is significant demand for rooms in che house and many more young
people are now motivared to look for, and engage in. employment.
Year Ended 30th March 2025

The Abstract Foundation111962341- Trustee¥ Annual Report
Rush House - £250.000 of unrestrirted funding over 3 years. to be spent within 5 years
The grant has allowed Rush House to hire a Life Skills Manager to improve the support young
people receive. and a Business Development Manager to help them expand their propety
portfolio 50 they can support more young people.
They have secured a further 20 bed spaces in Rotherham for homeless young people. Our
funding has allowed them to invest in these properties to ensure they are offering safe, clean
and fully furnished accommodation.
They have hired a new Tenancy Skills Coach ro continue developing their pre-tenancy training.
Their client base for this resource has grown significantly and 356 people successfully
completed Ihe training this year.
They also continuecl delivering their AQA offering and In the lasr year they awarded 98 AQA
certificates ro 42 differenc young people. To supplement this work, they have partnered with
a local training provider to provide acces5 to more formal qualifications and certificates.
specifically focused on preparing people for the world of work.
The grant has allowed them to expand the activities they provide to help young people
improve their confidence. social ski115. and wellbeing. A few highlights of the last year include
regular round the world cooking sessions. self-care Sundays and, art-based sessions.
Safe and Sound Homes (SASHI- £150.000 of unrestrlcted fundlng to be spent wlthln 3 years
This year, SASH has provided 9,419 bed nights to 179 unique young people,. this include5 122
young people who were provided with emergency accommodarion and 44 who were
provided with longer-term accommodation113 young people used both service51.
The grant has allowed them to invest significant rime in Improving and expanding their
enhanced 5upporr programme which mean5 young people can access more personalised
support and guidance. As part of this work, they have successfully developed and launched
an app which allows young people to book appointments with their Placement Coordlnator,
as well as to view and book coun5elling services. life skills modules and other activities.
They used targeced recruitment campaigns to successfully recruit 10 new hosts, meaning they
have increased capacity to supporr young people facing homelessness.
Di
ital Wellbeln
We identified rhe impact of social media and the internet on young people's mental health, or, more
conc15ely, "di8ltal Wellbein￿ as the focus for our second fundin8 round. This is a complex and fast
changing issue. which requires specialist expenise. significanr resources, and a wide network of
connections. Following extensive research. we decided that the best way to rnaximise the impact of
our funding was to allocate all funds raised in this round to Childnet.
Childneys core rnission is to make the internet a safe and great place for children acros5 the UK. Their
work is highly regarded and used by Schools. parents and carers, children. che tech industry,
government, the police, charities and more. They are at the forefront of improving children's online
safety. and, despiie a relativelymodestannual income. they reach tens of thousand5 of young people
every year.
Shortly before the enol of the financial year, we awarded Childnet an unrestricted grant of £200.000.
Financial Review
Income for che year wa5 £164.23612024: £329.8701. This includes £25,00012024.' £0) received from
Mark Glatman, and £100.000 12024.. £250,000) from other individual and corporate donors. Our
overhead costs were £13.911 12024.. £15.2711, wthich IMII be covered by cornbinatlon of an
unrestricted donation received from Absrract Securities Limited IASLI. and bank interest. We made
one new granc of £200,000 this year12024'. £5,100).- we did not make any new multi-year funding
commitments12024= £500.0001.
Year Ended 30 March 2025

The Abstratt Foundation111962341- Truste￿ Annual Report
ASL is committed to providing unrestri(ted funds to cover our overheads costs. This mean5 that 10096
of donations received from other donors. and 100% of resrri(ted fund5 received from ASL, go to grant
recipients.
Risk Management
The trustees have considered the major risks to which the Charity is exposed. and they have policies,
systems and procedures in place to mitigate them. Our principal operational risk is the extent to
which the grants we award succeed in funhering our charitable objects. We manage this risk by
conducting extensive due diligence and research in(0 organi5ations before we award them with
fundin& and, where necessary, seeking advice from people and organisations with relevant
experrise.
Fundraising
The Found6iion did not use online fundraising platforms and dld not engage professional fundraisers
or other commercial organisations to fundraise on its behalf. Donations were generated from
organisations and individuals with direcf con(act with the trusrees.
Reserves
At 30th March 2025, the Foundation held a total of £68,771 in funds (2024: £118,446), of this £71,796
is restricted12024: £111,716). wirh a deficit of £3.025 in unrestricted funds12024'. £6.7301. Given that
The Abstract Foundation was set up as a demonstration of rhe commitment of our main corporate
funder {Ab5tract Securities Limitedl to our charitable obJectS, the rrustees have decided there is a
relatively low risk of losin8 funding in the near fu(ure and therefore only a low level of reseNes is
needed. Our aim is to maintain approximately 3 months, worrh of running costs as unrestricted
reserves1= £10,000). Our agreement with ASL requires them to provide us wilh 3 months. notice to
end our partnership.. we therefore believe this will provide us with sufficient funds to ensure support
and governance costs are covered whilst we secure alternative funding andlor fulfil any existlng
obligation5. An unrestricted donation of £1 5.000 was received from ASL shortly after the year end.
Plans For Future Perlods
We have Sensed rhar. for a number of our donors, the last year has been a challenging time for their
businesses. We therefore paused our fundraisin& but we are hopeful rhat this year. economic
conditions are starting to improve and that fundraising will be more positive. The Trustees intend to
spend some time discussing potential areas for future support.
Structure. Governance and Management
Governln
Document
The chariiy Is governed by its Constitution dated 21.10.2021. and constitutes a Charitable
Incorporated Organisation Ifoundaiion structure).
Recruitment ond A
ointment o
Truste
The governing document provides for a Board of Trustees which consists of up to seven persons.
Trustees are appointed for a term of three years by a resolution passed at a properly convened
meeting of the charity trustees. In 5eletting individuals for appointment as charity trustees, the
charity trusrees have regard to the skills, knowledge and experience needed for the effective
administration of the CIO.
Year Ended 30, March 2025

The Abstract Foundation111962341- Trusiees'Annual Report
Trustee Induction and Troinin
New trustees receive an induccion to prowde them with relevant background information and inform
them of their obligations under charity law. During this induction. they are provided with a copy of
the constitution, a copy of the latest Tru5tees' Annual Report and Statement of Accounts, and a copy
of the Policy and Governance Handbook. Trustees are encouraged to attend relevant external
training events.
ani
ional Stru
ure
The Board of Trustees is responsible for overall governance of the charity. They communicate
regularly and meet as required throughout the year. A Consultanr is engaged to assist the trustees
with the day-to-day operations of the Foundation.
l ed Portles
Abstract Securities Limited (Company Nol 039499901 is a key donor to The Abstract Foundation. Mark
Glatman is a director and person with significant control. and Stephanie Miles is a director. There is
clear Memorandum of Understanding which provides a framework for the relationship. The Parties
acknowledge and agree that where any crustee of the Foundation is also a director or employee of
Abstract Securities Limited, that trustee shall ensure that they avoid any conflicts of Interest and acr
in good faith for the Foundation and its beneficiaries.
Further details of related party transactions can be found in note 13 to the accounts.
Reference and Adminlstrative Detalls
Reg15tered Chorlty Number- 1196234
PrlnclpulAddres5 - 10 Rose and Crown Yard. Kin8 Streer. London, SWI Y 6RE
Trustees
Mr M L Glatman
Mrs S Miles
Mrsj L Ropner
ehalfof the Board ofTrustees of The Abstrart Foundation
Chair of Trustees
Date..
Year Ended 30" March 2025

The Abstracr Foundaiion111962341
Statement of Trustees, Res
onsibilities
For the period ended 30" March 2025
The trustees are responsible for preparing the Trustees, Report and the financial statements in
accordance wirh applicable law and United Kingdom Accounting Standards (United Kingdom Generally
Accepted Accounting Practice).
The law applicable to charities in England and Wales requires the trustees to prepare financial
Statements for each financial year which give a true and fair view of the state of affair5 of the charity
and of the incoming resources and application of resources of the charity for that period.
In preparing these financial statements, the trustees are required to:
select suitable accounting policies and then apply them consistently,
observe the methods and principles in the Charities SORP..
make judgements and estimates that are reasonable and prudent..
stale whether applicable accounting standards have been followed. subject to any material
deparcures disclosed and explained in the financial statement5,' and
prepare the financial statements on the going concern basis unless It is inappropriate to
presume that the charity will concinue in operation.
The trustee5 are responsible for keeping sufficienr accounting records that disclose with reasonable
accuracy at any time the financial position of the charity and enable them to ensure that the financial
statement5 comply with the Charicies Att 2011. the Charity (Accounts and Reports) Regulations 2008
and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity
and hence for taking reasonable steps for the prevention and detection of fraud and other
irregularicies.
Year Ended 30 March 2025

Inde
endent Examiner's Re
ort
To the Trustees of The Abstract Foundation
I report to the trustees on my examination of the financial statemenrs of The Abstract Foundation for che
year ended 30 March 2025.
Res
onsi
Ilities ond
iso
As the Irustees of the Charity. you are responsible for the prepara(ion of the financial statements in
accordance with the requirements of the Charitie5 Act 2011 (the 2011 Art).
I report in respert of my examination of the tru5fs financial statements carried out under settion 145 of che
2011 Act. In carrying out my examination I have followed all the applicable Direcfions given by the Charity
Commission under sertion 14515llbl of the 2011 Act.
In
en
li
Your atteniion is drawn to the fact that the charity has prepared financial statements in accordance with
Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reponing
Standard applicable in the UK and Republic of Ireland IFRS 1021 in preference to the Accounilng and
Reporting by Charitie5.' Statement of Recommended Practice issued on 1 April 2005 which is referred to in
(he exianl regulations bu¢ has now been withdrawn.
l understand that this has been done in order for financial statements to prowde a true and fair view In
accordance with GenerallyAccepted Accounting Pracrice effective for reporting periods beginning on or after
l January 2015.
I have completed my examination. I conflrm that no materlal matters have come to my attention In
connection with the examination siving me cause to believe that In any malerial respeci..
the accounting records v*re not kept In respett of the trust as required by section 130 of the 2011
Act,. or
the financial statements do not accord with those records.. or
the financial sratements do not comply with the applicable requirements concerning the form and
conlenr of accounts set out in the Charifies IAccounts and Report51 Regulations 2008 other than any
requirement that the accounts give a true and fair view which is no( a matter considered as part of
an independent examination.
I have no concems and have come across no other matters in connection with (he examination 10 which
attention should be drawn in this report in order to enable a proper understanding of the financial
Statements to be reached.
SIGNED
DATE
Deborah Fletcher-mcvay FCA
Xeinadin
Trinity House
Thursron Road
Northallerton
North Yorkshire
DL6 2NA
Year Ended 30 Marth 202S

The Abstraa Foundation111962341
Financial Statements
statement of Financial Activities
(including Income and expenditure acc04Jntl
Year Ended 30" March 2025
2025
2024
otes
Unr•strlcted
Funds
R¢strlcted
Funds
Total
Funds
Unrestrl¢¢ed fte5trlcted
Funds
Funds
Total
Funds
INCOMEFAOM..
Donations and GSfts
156.250
156.250
317,600
317,600
Interest Receivèble
65
7.921
7.986
254
12,016
12,270
TOTAL INCOME
65
164.171
164,236
254
329.616
329.870
EXPfNDITUItE ON..
Charlt•ble Artlvl¢les
Educailon
2.909
764
5.100
S.864
Youth Hornelessness
5,759
4.091
9.850
14,207
500,300
514,507
0I8ltal Wellbelng
1.152
200,000
201.152
Total Charltable Exp•ndltur•
9,820
204,091
213,911
14.971
505.400
520,371
TOTAL EXPENDITURE
9.820
204.091
213.911
14.971
505.400
S20,371
Not IncomelMo¥ement In Funds
19,7551
139.9201
149.6751
114.7171 {175.7841
1190,5011
Toral Funds 8rou8hi Forward
6.730
111.716
118.446
21,447
287,500
308,947
Tot*1 Fund5 Carrled Forward
(3.0251
71.796
68.711
6.730
111.716
118.446
The statement of financlal actlvities Include5 all 8ains and losses recognlsed In the perlod.
All income and expenditLsre derive from continuing actiwties.
Year Ended 301h March 2025

The Ab5tratt Foundation111962341- Financial Stsiement5
B lance
heet
As at 30" March 2025
Notes
2025 Funds
2024 Funds
CURRENT ASSETS..
Debtors
7.108
3.436
Cash at bank and in hand
447.424
985.985
TOTAL CURRENT ASSETS
454.532
989.421
Credltor5: amount5 fallln8 due wlthin one year
1385.7611
1770,9751
Net current assets:
68.771
218,446
Credltors: amounts falllnB after more than one year
1100,0001
NET ASSETS:
68.771
118.446
Income Funds..
Restricted funds..
71.796
111,716
Unrestricted funds..
13,0251
6,730
TOTAL FUNDS:
68,771
118.446
The financial statements were approved by the Board of Trustees on 26 January 2026 and were signed on
its b
Mrm
Chalr of Tr￿Stee$
The note5 form part of these financial statements.
Year Ended 30" March 2025

The Abstract Foundation111962341- Financial Statements
Statement of C h Flows
For the period ended 30, March 2025
Notes
2025
2024
Cash flows from operatln8 artivities:
Cash generaied from/labsorbed by) operations
14
1546.5471
252.673
Investment artlvltle5:
Investment income recesved
7,986
12,270
Net cash generated fromllused In) Investlng artlvltles
7,986
12,270
Net cash used In flnanclng actlvltles
Net Increase In cash and cash equlvalents
1538,S611
264,943
Cash and cash equlvalentS at beginning of period
985,985
721,042
CASH AND CASH EQUIVALENTS AT END OF PERIOD
447.424
985,985
Year Ended 30 March 2025

The Abstract Foundation11196234}
Notes to The Financial Statements
l. Accounting Policies
The Abstract Foundation is a charitable incorporated organisation established by a constitution and
registered with the Charity Commission. The principal place of business is 10 Rose and Crown Yard.
King Street. London, SW1Y 6RE.
Re
ortin
Peri
The charity accounts cover the period from 31 March 2024 to 30 March 2025.
1.2. Accountin
Convention
The financial siaiemencs have been prepared in accordance with the charity's constitution, the
Charities Act 2011, FRS 102 Yhe Financial Reponing Standard applicable in the UK and Republic of
Ireland" I'FRS 102.) and che Charities SORP "Accounting and Reporring by Charities.. Statement of
Recommended Practice applicable to charities preparing their accounfs in accordance with rhe
Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021 leffeccive I
January 20191. The charity is a Public Benefit Encity as defined by FRS 102.
The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008
only to the extent required to provide a true and fair view. This departure has involved following the
Statement of Recommended Prattice for chariries applying FRS 102 rarher than the version of the
Statement of Recommended Praaice which is referred ro in the Regulations but which has since been
wlthdrawn.
The financial statements are prepared in sterlin& which is the functional currency of the charity.
Monetary amounts in these financial s(a(ements are rounded (o the nearest £.
The financial statements have been prepared under rhe his(orical cost convencion. The principal
accounting policies adopted are set our below.
Goln
rn
At the lime ol approving the financial stafements. the trustees have a reasonable expectarion that the
charity has adequate resources to continue in operational existence for the foreseeable future and
are not aware of any material uncertainty about the Foundation's ability (o continue.
Although the unrestricted funds balance was negative at the year end, we received an unrestricted
donation of £1 S.000 shortly after the year end from our main corporate funder (Abstract Securities
Limited."ASL"l. Furthermore. we have an agreement with ASL which requires them to provide us with
3 months, notice to end our partnership,. and we have received reassurance that they intend to
continue supporting the chariry.
Thus, the trustees continue to adopt the going concern basis of accounting in preparing the financial
statements.
haritable Funds
Unrestricced funds are available for use at the discretion of the trustees in furtherance of their
charitable objectives.
Restricted funds are subject to specific conditions by donors as to how they may be used. The
purposes and uses of the restritted funds are set out in the notes to the financial statements.
Year Ended 30, March 2025

The Abstrart Foundation111962341- Notes to the Financial Ststements
1.5. Income
Income is recognised when the charity is legally enticled to it after any performance conditions have
been met. the amounts can be measured reliably. and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity ha5 been
notified of the donation, unless performance conditions require deferral of the amount. Incorne tax
recoverable in relation to donations received under Gift Aid or deed5 of covenant is recognised at the
time of the donation.
1.6. Ex
en
Expendiiure Is recognised once there is a legal or con5trurtive obligation to transfer economic benefit
to a third party, it 15 probable that a transfer of economic benefits will be required in sectlement. and
the amount of the obligation can be measured reliabty.
Expenditure is classified by attivity. The costs of each artiviry are made up of the total of direct costs
and shared costs, including support costs. involved in undertaking each actlvlry. Direct cost5
attributable to a single acrivity are allocared directly to that aaivity. Shared costs which contribute to
more than one activity. and support cosis which are not attribucable to a single activity, are
apportioned between those artivities on a basis consistent with the use of resources.
uiv
Cash and cash equivalents include cash in hand, deposits held at call with banks, and other short-term
liquid investments with original maturities of three months or less.
The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section
12 '0ther Financial Instruments Issues. of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charitys balance sheet when the charity becomes parry to
the contractual provisions of the instrument.
Financial assets and liabilities are oftser. with the net amounts presented in the financial statements,
when there is a legally enforceable right to set off the recognised amounts and there is an intention
to settle on a net basis or to realise the asset and settle the liability simultaneously.
Baslc flnanclal assets
Basic financial asseis. which include debtors and cash and bank balances, are initialty measured at
transaction price including transaction costs and are subsequently carried at amorrised cost Using the
effective interest method. Financial assets classified as receivable within one year are not amortised.
Basic flnanclal Ilabllltles
Basic financial liabilitie5, including creditors are initially recognised at transaction price. Financial
liabilities classified as payable within one year are not amortised.
Year Ended 30th March 2025

The Abstract Foundation111962341- Notes to the Firtancial Sratements
2. Charitable Activities
Grant
Funding
2025
Support
Costs
2025
Grant
Fundlng
2024
Support
Costs
2024
Total
2025
Total
2024
Education
2.909
2,909
5.100
764
5.864
Youth Homelessness
9.850
9.850
500,000
14,507
514,507
Digital Wellbeing
TOTAL
200.0
1,152
201.152
200,000
13.911
213.911
505.100
15.271
520.371
Analysls by fund
Unrestricted Funds
9,820
9.820
14.971
14.971
Restricted Funds
200.000
4.091
204,091
505,100
300
505,400
TOTAL
200.000
13.911
213,911
505.100
15,271
520.371
3. Grants Payable
The charity made one new material grant to ChlldneL Further information is provided on page 3 of the
Trustees, Annual Report.
2025
2024
Recl lent
Artlvl
The Outdoor Guide Foundation
Education
5,100
Park Lodge Proiett
Childnet
Youth Homelessness
500,000
Digital Wellbeing
21)O,OQKI
TOTAL
200.000
505.100
The value of grants to individuals was £012024.. £0).
4. Support Costs
2025
2024
Insurance
998
962
Consultancy
Bank Charges
Governance
7.195
9.793
616
1.140
3,600
Professional Fee5
4.091
300
TOTAL
13.911
15.271
Governance costs include payment to ihe Independent examiner of £7,140 {2024.' £3,600 for audit fees).
Year Ended 30" March 2025
13

The Abstract Foundation111962341- Notes to the fvnarscial 5tatemenrs
5. Trustee Renumeration and Benefits
None of the trustees lor any persons connetted ￿th them) received any remuneration or benefits from
the charity durins the period.
6. Employees
The average monthly number of employees during the period was 012024.. 0).
7. Taxation
The charity is exempt from tax on income and gains falling Nviihin sertion 505 of the Taxes Act 1988 or
section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to 115
charitable objects.
8. Debtors
2025
2024
Amounts falllng due wlthln one year
Interest Receivable
858
3.436
Gift Aid Receivable
6,250
TOTAL
7.108
3.436
9. Creditors (amounts falling due within one yearl
2025
2024
Amounts falllng due wlthln one year.
Grants Payable
Accruals and Deferred Income
383,￿0
766.000
2,761
4,97S
TOTAL
385.761
770.975
Grants payable includes £200,OCh) commirted to Childnet 12024.. £01. £100,WO committed io Netherhall
School12024.' £100,000) and £83.OCKJ committed to Rush House Limited {2024= £166.0001. The commitments
will be funded from donations already received.
10.Creditors (amounts falllng after more than one year)
2025
2024
Amounts falllng due after more than one year:
Grants Payable
11)J.000
TOTAL
100.IXIO
Year Ended 3U March 2025
14

The Abstratt Foundation111962341- Noies io the Financial Statements
11. Restricted Funds
The income funds of the charity include rescricted fund5 comprising the following unexpended balances of
donations and grants held on trust for specific purpose5-
Ye•r Ended 30th Alurch 2025
Opening
Incoming
Resources
Funds
Resources
Expended
Transfers
Closing
Funds
Education
3,615
2.303
5.918
Youth Homelessness
108.101
5,445
14,091)
(50,0001
59,455
Digital Wellbeing
TOTAL
156.423
2C(J,(K
50.000
6,423
111.716
164.171
(204.0911
71.796
Ymr Ended30th Ilor¢h 2024
Openlng
Incomlng
Resources
Funds
Resources
Expended
Transfers
Closlng
Funds
Educatlon
8.715
15.1001
3,615
Youth Homelessness
287.500
320,901
ISQKI,3001
108,101
TOTAL
287.500
329.616
1505,400)
111.716
12. Analysls of Net Assets Between Funds
Unrestrlrted
Fund$
Restrlrted
Funds
Total
Fund bolcnces at 30 Alorch 2025 ore represented br
Current Assets/lLiabilitiesl
(3,0251
71,796
68.771
Long Term Liabilities
TOTAL
13.0251
71.796
68.T11
Unrestrlcted
Fund$
Restrlcted
Funds
Total
Fund bolontes ot 30 March 2024 were represented b
Current Assetsl{Liabilitiesl
6,730
211,716
218,446
Long Term Liabilities
1100,0001
1100.0001
TOTAL
6.730
111.716
118.446
Yeèr Ended 30lh March 2025
15

The Abstract Foundarion111962341- Notes to the financial Ststements
13. Related Party Transactions
During the year. the Foundation received a donation of £25.000 from Mark Glarman. Last year. the
Foundation received a donation of £5.100 from Abstrart Securitie5 Limiced. a company in which Mark
Glatrnan is a direttor and a person with significant control and Stephanie Miles 15 a direcror. Further
information is provided in the Trustees. Repor(.
14.cash Generated from Operations
2025
2024
Surplus I (Deficill for rhe Year
(49.6751
1190,5031
Adjustments for:
Investment Income Recognised in Statement of Financial Artivities
17.9861
112,2701
Movement5 In Worklng Capltal:
Ilncreasel l Decrease in Debiors
(3.6721
55,544
Increase I (Decrease) in Creditors
1485,2141
399.900
CASH GENERATED FROM / (ABSORBED BY) OPERATIONS
1546.547)
252,673
IS. Analysis of Changes In Net Funds / (Debt)
The charity had no debt during the year.
Year Ended 3U' March 2025