WESTCOMBE FOUNDATION
Financial health, per its FY2023 accounts
The accounts state that unrestricted reserves increased to £11,428 from £217 in the prior year, driven by a rise in donations to £64,140. The charity relies heavily on funding from the Westcombe Partnership, a related party, and has no employees or trading subsidiaries. The trustees consider the entity a going concern due to continued financial support from this partnership.
What the accounts disclose
“The Trustees consider the charity to be a going concern on the basis that, as above, they will continue to provide financial support to the charity (through the Westcombe Partnership) where needed to ensure it is able to meet liabilities as they fall due.”
“During the year, V Pankhania, a trustee of the charity, donated £2,000 (2022: £nil) to the charity.” — page 12
“During the year, Westcombe Homes Partnership donated £31,519 (2022: £23,064) to the charity.”
“During the year, V Pankhania, a trustee of the charity, donated £2,000 (2022: £nil) to the charity.” — page 12
“During the year, Westcombe Homes Partnership donated £31,519 (2022: £23,064) to the charity.”
“During the year, V Pankhania, a trustee of the charity, donated £2,000 (2022: £nil) to the charity.” — page 12
“During the year, Westcombe Homes Partnership donated £31,519 (2022: £23,064) to the charity.”
Trustees
- VRAJ PANKHANIAchair
- Joshna Pankhania
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/07/2025 | £251k | £125k |
| 31/07/2024 | £152k | £38k |
| 31/07/2023 | £64k | £53k |
| 31/07/2022 | £33k | £69k |
| 31/07/2021 | £62k | £71k |
Common questions
Is WESTCOMBE FOUNDATION financially healthy?
The accounts state that unrestricted reserves increased to £11,428 from £217 in the prior year, driven by a rise in donations to £64,140. The charity relies heavily on funding from the Westcombe Partnership, a related party, and has no employees or trading subsidiaries. The trustees consider the entity a going concern due to continued financial support from this partnership. Its FY2023 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| CORAM LIFE EDUCATION | 1 | £2k |