BRITISH FOUNDATION FOR THE UNIVERSITY OF THE WEST INDIES
Fund-raising through events and accepting donations from benefactors
Objects
TO ADVANCE TERTIARY EDUCATION OF STUDENTS IN THE CARIBBEAN BY PROVIDING AND ASSISTING IN THE PROVISION OF FUNDS, FACILITIES AND OTHER RESOURCES TO THE UNIVERSITY OF THE WEST INDIES OR ITS SUCCESSOR.
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
Policies the charity declares
- Bullying and harassment policy and procedures
- Complaints handling
- Complaints policy and procedures
- Engaging external speakers at charity events policy and procedures
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Investing charity funds policy and procedures
- Safeguarding policy and procedures
- Safeguarding vulnerable beneficiaries
- Serious incident reporting policy and procedures
- Social media policy and procedures
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
- Volunteer management
Corporate structure
- Registered company of the charity Companies House 06420929
Company officers (Companies House)
- FORDE KC, Martin not on trustee list
- NURSE, Lewitt on trustee list
- BRATHWAITE, Dawn on trustee list
- SMITH-HILLMAN, Vindelyn on trustee list
- RICHARDS, Mark David, Dr not on trustee list
- MULLINGS-SMITH, Elizabeth Anne-Marie on trustee list
Trustees
- Dawn Brathwaite
- 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 | £183k |
| THE DYNA AND FALA WEINSTOCK CHARITABLE TRUST | 1 | £90k |
| YESHIVAS LUBAVITCH MANCHESTER | 1 | £20k |
| THE ALBERT GUBAY CHARITABLE FOUNDATION | 1 | £12k |
| DUCHY OF LANCASTER BENEVOLENT FUND | 1 | £5k |
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 |