BRITISH FOUNDATION FOR THE UNIVERSITY OF THE WEST INDIES
Fund-raising through events and accepting donations from benefactors
Financial health, per its FY2024 accounts
The accounts state that the charity held total net assets of £512,978, comprising £490,570 in restricted funds and £22,408 in unrestricted funds. The trustees report that the charity is in good financial standing with no material uncertainties regarding its ability to continue as a going concern. However, the trustees acknowledge that a formal reserves policy is still being developed, with an intention to hold reserves equivalent to 12 months of operational expenditure.
What the accounts disclose
“The intention is to hold reserves equivalent to 12 months of operational expenditure to cover ongoing costs and unforeseen circumstances.” — page 6
Trustees
- Dawn Brathwaite
- Dr Mark David Richards
- Elizabeth Mullings-Smith
- Lewitt Nurse
- Martin Forde KC
- Vindelyn Smith-Hillman
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 30/12/2024 | £252k | £15k |
| 30/12/2023 | £314k | £49k |
| 30/12/2022 | £1k | £305 |
| 30/12/2021 | £5k | £10k |
| 30/12/2020 | £3k | £2k |
Common questions
Is BRITISH FOUNDATION FOR THE UNIVERSITY OF THE WEST INDIES financially healthy?
Per its FY2024 accounts: The accounts state that the charity held total net assets of £512,978, comprising £490,570 in restricted funds and £22,408 in unrestricted funds. The trustees report that the charity is in good financial standing with no material uncertainties regarding its ability to continue as a going concern. However, the trustees acknowledge that a formal reserves policy is still being developed, with an intention to hold reserves equivalent to 12 months of operational expenditure. Its FY2024 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| National Philanthropic Trust UK Limited | 1 | £14.8m |
| BEIS MENACHEM CHABAD LUBAVITCH | 1 | £102k |
| THE DYNA AND FALA WEINSTOCK CHARITABLE TRUST | 1 | £40k |
| YESHIVAS LUBAVITCH MANCHESTER | 1 | £20k |
Charities like this
- UBS UK Donor-Advised Foundation
- MW (HO) FOUNDATION
- RICHMOND TRUST FUND
- WINDSOR ROAD FOUNDATION
- YAD VEACHISOMOCH L'CHAIM
- ASUM UK
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| BRITISH FOUNDATION FOR THE UNIVERSITY OF THE WEST INDIES | £252k | — | 0 | unclear | — | no doubt |
| UBS UK Donor-Advised Foundation | £181.2m | — | 0 | below | — | no doubt |
| MW (HO) FOUNDATION | £207k | — | 0 | unclear | — | no doubt |
| RICHMOND TRUST FUND | £220k | — | 0 | above | — | no doubt |
| WINDSOR ROAD FOUNDATION | £101k | Under £60,000 | 0 | above | — | no doubt |
| YAD VEACHISOMOCH L'CHAIM | £834k | — | 0 | unclear | — | no doubt |