THE WHELER FOUNDATION
Financial health, per its FY2024 accounts
The accounts state that the Foundation reported a net deficit of £1,510,980 for the year, primarily attributable to the Ledston Hall Project. While total funds increased to £53,854,426, free reserves excluding long-term liabilities were reported as a deficit of £555,819 in the prior year and £92,022 in the current year, though these are committed to the Ledston Hall Project. The auditors have identified a material uncertainty regarding the Foundation's ability to continue as a going concern, as its future operation is dependent on the sale of properties and refinancing.
What the accounts disclose
“Free reserves, excluding liabilities due over one year, at the year end amounted to £92,022 (2023: deficit £555,819). However these reserves are committed to the Ledston Hall Project.” — page 5
“As stated in note 2.2, the Trustees note that the future operation of the Foundation is dependent on the disposals of certain properties and the potential to refinance. These events or conditions, indicate that a material uncertainty exists that may cast significant doubt on the Foundation's ability to continue as a going concern.” — page 10
“Mr C. M. P. Granger is a Trustee of the Foundation and a partner of property consultants, Carter Jonas LLP. During the year Carter Jonas charged the Foundation professional fees of £235,290 (2023: £284,191). Fees are calculated on normal commercial terms. Included in prepayments and accrued income is an amount of £181,976 (2023: £208,804) in respect of these services. Also included in accruals is an amount of £136,502 (2023: £60,950) and included in trade creditors is £10,699 (2023: £31,254) in respect of these services.” — page 42
Structured financials (annual return, FY ending 05/04/2025)
Trustees
- MR MARK GRANGERchair
- Aysha Marley
- Peter Fitzgerald
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 05/04/2025 | £1.6m | £1.5m |
| 05/04/2024 | £1.3m | £2.8m |
| 05/04/2023 | £1.2m | £7.3m |
| 05/04/2022 | £1.2m | £7.6m |
| 05/04/2021 | £1.2m | £5.3m |
Common questions
Is THE WHELER FOUNDATION financially healthy?
The accounts state that the Foundation reported a net deficit of £1,510,980 for the year, primarily attributable to the Ledston Hall Project. While total funds increased to £53,854,426, free reserves excluding long-term liabilities were reported as a deficit of £555,819 in the prior year and £92,022 in the current year, though these are committed to the Ledston Hall Project. The auditors have identified a material uncertainty regarding the Foundation's ability to continue as a going concern, as its future operation is dependent on the sale of properties and refinancing. Its FY2024 accounts were audited by WR Partners.
Who funds THE WHELER FOUNDATION?
Funders whose own accounts filings name THE WHELER FOUNDATION as a grant recipient include LADY ELIZABETH HASTINGS' ESTATE CHARITY.
Known funders
| Funder | Year | Amount |
|---|---|---|
| LADY ELIZABETH HASTINGS' ESTATE CHARITY | FY2022 | £50k |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| PRISM THE GIFT FUND | 1 | £70k |
| THE MCCORQUODALE CHARITABLE TRUST | 1 | £2k |