WALTER LEES FOUNDATION
The Trustees shall hold the capital and income of the Trust Fund upon trust to apply the income or capital at such time for the benefit of charitable objects at their discretion.In the objects clause the Trustees are also given power at their discretion to accumulate income for a period of 21 years from the date of death of the deceased.
Financial health, per its FY2025 accounts
The accounts state that the trust's total funds increased to £2,483,806.59 at the year end, driven by significant investment gains. The trustees confirm there are no material uncertainties regarding the trust's ability to continue as a going concern.
What the accounts disclose
Trustees
- GERALD RICHARD ORNSTEINchair
- MR HUGH MACDOUGALD
- Steven Paul Frost
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/10/2025 | £38k | £125k |
| 31/10/2024 | £58k | £104k |
| 31/10/2023 | £54k | £114k |
| 31/10/2022 | £44k | £112k |
| 31/10/2021 | £43k | £115k |
Common questions
Is WALTER LEES FOUNDATION financially healthy?
Per its FY2025 accounts: The accounts state that the trust's total funds increased to £2,483,806.59 at the year end, driven by significant investment gains. The trustees confirm there are no material uncertainties regarding the trust's ability to continue as a going concern. Its FY2025 accounts were independently examined.