THE WEALD FOUNDATION
The main purpose of the charity is to educate the public in the history of historic military vehicles, primarily concerning the Second World War, and to preserve and restore and maintain historic military vehicles and related equipment.
Latest income
£132k
Latest spending
£183k
Registered
2003
Accounts read
FY2025
Financial health, per its FY2025 accounts
The accounts state that the charity reported a net expenditure of £116,480 for the year, resulting in a decrease in unrestricted reserves from £1,591,881 to £1,413,884. The trustees confirm that reserves are maintained at a level deemed sufficient to continue activities, and no material uncertainties regarding going concern were identified.
What the accounts disclose
Reserves policy: a level that the Trustees deem sufficient to maintain the activities of the charity (held: £1.4m)
“Funds are maintained at a level that the Trustees deem sufficient to maintain the activities of the charity.” — page 4
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Mr Gibb provided rent free office space and storage facilities valued at £9,000 per annum.
“During the reporting period, Mr Gibb provided rent free office space and storage facilities to house the Foundation's vehicles. The trustees' best estimate of the value of this gift is £9,000 per annum (2023: £9,000) and this has been reflected in the Statement of Financial Activities as donated services, with an equivalent cost included in office & storage costs.” — page 21
“During the year Mr Gibb met expenses personally on behalf of the charity of £3,525 (2024: £9,542).” — page 21
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Mr Gibb met expenses personally on behalf of the charity of £3,525.
“During the reporting period, Mr Gibb provided rent free office space and storage facilities to house the Foundation's vehicles. The trustees' best estimate of the value of this gift is £9,000 per annum (2023: £9,000) and this has been reflected in the Statement of Financial Activities as donated services, with an equivalent cost included in office & storage costs.” — page 21
“During the year Mr Gibb met expenses personally on behalf of the charity of £3,525 (2024: £9,542).” — page 21
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: The Foundation has a loan outstanding to Wohnpark Wunsdorf GmbH, a German company of which Mr. Gibb was a majority shareholder, with a balance of £1,427,886.
“During the reporting period, Mr Gibb provided rent free office space and storage facilities to house the Foundation's vehicles. The trustees' best estimate of the value of this gift is £9,000 per annum (2023: £9,000) and this has been reflected in the Statement of Financial Activities as donated services, with an equivalent cost included in office & storage costs.” — page 21
“During the year Mr Gibb met expenses personally on behalf of the charity of £3,525 (2024: £9,542).” — page 21
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: The Weald Trading Company Limited, a wholly owned subsidiary, made a net loan of £21,443 to the Foundation.
“During the reporting period, Mr Gibb provided rent free office space and storage facilities to house the Foundation's vehicles. The trustees' best estimate of the value of this gift is £9,000 per annum (2023: £9,000) and this has been reflected in the Statement of Financial Activities as donated services, with an equivalent cost included in office & storage costs.” — page 21
“During the year Mr Gibb met expenses personally on behalf of the charity of £3,525 (2024: £9,542).” — page 21
Per its FY2025 accounts as filed with the Charity Commission.
Trading subsidiary: The Weald Trading Company Limited
“The Weald Trading Company Limited (a wholly owned subsidiary) made a profit for the year ending 31 January 2025 of £30,203” — page 3
Per its FY2025 accounts as filed with the Charity Commission.
Trustees
- Guy Anthony Portelli
- HILARY LOUIS DOYLE
- RICHARD UDOVENYA
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/01/2025 | £132k | £183k |
| 31/01/2024 | £247k | £169k |
| 31/01/2023 | £117k | £98k |
| 31/01/2022 | £199k | £199k |
| 31/01/2021 | £40k | £110k |
Common questions
Is THE WEALD FOUNDATION financially healthy?
Per its FY2025 accounts: The accounts state that the charity reported a net expenditure of £116,480 for the year, resulting in a decrease in unrestricted reserves from £1,591,881 to £1,413,884. The trustees confirm that reserves are maintained at a level deemed sufficient to continue activities, and no material uncertainties regarding going concern were identified. Its FY2025 accounts were independently examined.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Heritage Fund | 08/03/2023 | £118k | "Military Heritage - Sustainable Skills for Life" |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| LADY ELIZABETH HASTINGS' ESTATE CHARITY | 1 | £50k |
| THE HAROLD AND ALICE BRIDGES CHARITY | 1 | £2k |
Charities like this
- WEALD AND DOWNLAND OPEN AIR MUSEUM LIMITED
- WEALD DISTRICT SCOUT COUNCIL
- THE ARMIGER FOUNDATION
- THE WHELER FOUNDATION
- DAEDALUS OFFICERS' MESS RAF CRANWELL
- WELLESLEY COLLEGE FOUNDATION (UK) LIMITED
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| THE WEALD FOUNDATION | £132k | — | 0 | unclear | — | no doubt |
| WEALD AND DOWNLAND OPEN AIR MUSEUM LIMITED | £3.4m | — | — | unclear | — | no doubt |
| WEALD DISTRICT SCOUT COUNCIL | £161k | — | 0 | unclear | — | no doubt |
| THE ARMIGER FOUNDATION | £1.1m | — | 0 | unclear | — | no doubt |
| THE WHELER FOUNDATION | £1.6m | — | 0 | below | — | material uncertainty |
| DAEDALUS OFFICERS' MESS RAF CRANWELL | £165k | — | 0 | unclear | — | no doubt |