Charity Accounts Intelreading the accounts so you don’t have to

THE WYE AND USK FOUNDATION

Registered charity 1080319 · accounts filings on the Charity Commission register · also known as THE WYE FOUNDATION

Get email alerts for this charity

Latest income
£1.6m
Latest spending
£1.9m
Registered
2000
Accounts read
FY2022

Financial health, per its FY2022 accounts

The accounts state that the charity finished the year with unrestricted reserves of £12,533 and free reserves of £10,797. The trustees report a positive forecast cash flow for 2023 and confirm adequate resources to continue as a going concern. Total reserves increased to £1,007,243, driven by restricted funds and designated funds, while the general unrestricted fund showed a small surplus.

What the accounts disclose

Reserves position: below the charity's own stated reserves policy
“WUF free reserves (unrestricted and river funds) at 31 December 2022 were £10,797.” — page 6
Per its FY2022 accounts as filed with the Charity Commission.
Related-party transaction: Passport scheme agent payments to trustee Mr M Timmis
“As part of the Passport scheme amounts of £58,730 (2021: £59,722) were collected by WUF as agent for, and were paid to, Mr M Timmis for the letting of a fishing beat owned by him.” — page 37
“As part of the Passport scheme amounts of £2,926 (2020: £3,258) were collect by WUF as agent for, and were paid to, Ms E Passey for the letting of a fishing beat owned by her.” — page 37
Per its FY2022 accounts as filed with the Charity Commission.
Related-party transaction: Passport scheme agent payments to trustee Ms E Passey
“As part of the Passport scheme amounts of £58,730 (2021: £59,722) were collected by WUF as agent for, and were paid to, Mr M Timmis for the letting of a fishing beat owned by him.” — page 37
“As part of the Passport scheme amounts of £2,926 (2020: £3,258) were collect by WUF as agent for, and were paid to, Ms E Passey for the letting of a fishing beat owned by her.” — page 37
Per its FY2022 accounts as filed with the Charity Commission.
Related-party transaction: Income from Norman Partnership (Trustee R Norman)
“As part of the Passport scheme amounts of £58,730 (2021: £59,722) were collected by WUF as agent for, and were paid to, Mr M Timmis for the letting of a fishing beat owned by him.” — page 37
“As part of the Passport scheme amounts of £2,926 (2020: £3,258) were collect by WUF as agent for, and were paid to, Ms E Passey for the letting of a fishing beat owned by her.” — page 37
Per its FY2022 accounts as filed with the Charity Commission.
Related-party transaction: Income from C Morley (Trustee)
“As part of the Passport scheme amounts of £58,730 (2021: £59,722) were collected by WUF as agent for, and were paid to, Mr M Timmis for the letting of a fishing beat owned by him.” — page 37
“As part of the Passport scheme amounts of £2,926 (2020: £3,258) were collect by WUF as agent for, and were paid to, Ms E Passey for the letting of a fishing beat owned by her.” — page 37
Per its FY2022 accounts as filed with the Charity Commission.
Related-party transaction: Trustee donations to the charity
“As part of the Passport scheme amounts of £58,730 (2021: £59,722) were collected by WUF as agent for, and were paid to, Mr M Timmis for the letting of a fishing beat owned by him.” — page 37
“As part of the Passport scheme amounts of £2,926 (2020: £3,258) were collect by WUF as agent for, and were paid to, Ms E Passey for the letting of a fishing beat owned by her.” — page 37
Per its FY2022 accounts as filed with the Charity Commission.

Accounts audited by Azets Audit Services. Discloses 5 of 6 completeness components.

Public fundraising profile: JustGiving — The Wye And Usk Foundation (matched by registered charity number).

Structured financials (annual return, FY ending 31/12/2024)

Total income
£1.6m
Total spending
£1.9m
Cost of raising funds
£41k
Reserves (reported)
£367k
Employees
34

Reported reserves equal ~2.3 months of spending — below the median for charities its size (median 4.8 months; benchmarks).

Trustees

Trustee list from the Charity Commission register (current, not historical).

Operates in: Ceredigion · Denbighshire · Gloucestershire · Gwynedd · Herefordshire · Monmouthshire · Powys · Torfaen

Income and spending

Financial year endIncomeSpending
31/12/2024£1.6m£1.9m
31/12/2023£2.0m£2.0m
31/12/2022£2.0m£1.6m
31/12/2021£1.8m£1.7m
31/12/2020£1.5m£1.4m

Common questions

Is THE WYE AND USK FOUNDATION financially healthy?

The accounts state that the charity finished the year with unrestricted reserves of £12,533 and free reserves of £10,797. The trustees report a positive forecast cash flow for 2023 and confirm adequate resources to continue as a going concern. Total reserves increased to £1,007,243, driven by restricted funds and designated funds, while the general unrestricted fund showed a small surplus. Its FY2022 accounts were audited by Azets Audit Services.