THE MELANIE WHITE FOUNDATION LIMITED
Latest income
£288k
Latest spending
£482k
Registered
1999
Accounts read
FY2023
Financial health, per its FY2023 accounts
The accounts state that the charity held expendable endowment reserves of £12,191,737 at the year end, which the directors consider sufficient to continue operations. The charity reported a net expenditure of £499,987 on unrestricted funds, funded by a transfer from the endowment fund, resulting in no unrestricted funds being held at year-end.
What the accounts disclose
Reserves policy: expend the income generated by the endowment fund to the fullest extent possible (held: £12.2m)
“The policy is to expend the income generated by the endowment fund to the fullest extent possible, in as much that the directors are able to identify suitable recipients during the year. The endowment will be invested with the intent to, as far as possible, retain its capital value and produce an annual income.”
Per its FY2023 accounts as filed with the Charity Commission.
Related-party transaction: The charity holds 2 ordinary 5 pence shares in Thamesis Limited, a company where Directors M White and P Reynolds serve as directors.
“Mrs M White and Mr P Reynolds are Directors of Thamesis Limited. The charity holds 2 ordinary 5 pence shares in Thamesis Limited which represents 1.25% of its issued share capital. The charity holds the shares at their nominal value.” — page 18
“During the year the charity made an investment in LeAD Sports Ltd of £1.98m. At the time of investment, Mr A White was both Trustee of the Foundation and Chairman and shareholder in LeAD Sports Ltd.” — page 18
Per its FY2023 accounts as filed with the Charity Commission.
Related-party transaction: The charity made an investment in LeAD Sports Ltd of £1.98m, while Mr A White was a Trustee of the Foundation and Chairman/shareholder of LeAD Sports Ltd at the time.
“Mrs M White and Mr P Reynolds are Directors of Thamesis Limited. The charity holds 2 ordinary 5 pence shares in Thamesis Limited which represents 1.25% of its issued share capital. The charity holds the shares at their nominal value.” — page 18
“During the year the charity made an investment in LeAD Sports Ltd of £1.98m. At the time of investment, Mr A White was both Trustee of the Foundation and Chairman and shareholder in LeAD Sports Ltd.” — page 18
Per its FY2023 accounts as filed with the Charity Commission.
Structured financials (annual return, FY ending 05/04/2024)
Total income
£571k
Total spending
£134k
Reserves (reported)
£0
Employees
0
Trustees
- MELANIE WHITE
- Paul Reynolds
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 05/04/2025 | £288k | £482k |
| 05/04/2024 | £571k | £134k |
| 05/04/2023 | £629k | £792k |
| 05/04/2022 | £205k | £216k |
| 05/04/2021 | £935k | £559k |
Common questions
Is THE MELANIE WHITE FOUNDATION LIMITED financially healthy?
The accounts state that the charity held expendable endowment reserves of £12,191,737 at the year end, which the directors consider sufficient to continue operations. The charity reported a net expenditure of £499,987 on unrestricted funds, funded by a transfer from the endowment fund, resulting in no unrestricted funds being held at year-end. Its FY2023 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| DEBMAR BENEVOLENT TRUST LIMITED | 1 | £190k |