THE WALLITT FOUNDATION
The trustees may apply income and any part/parts of the capital in their discretion towards the provision of charitable goals. The foundation currently favours supporting educational initiatives in healthcare and the arts, and has a particular interest in providing research and educational grants in Psychology, Psychiatry and Healthcare Training.
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net expenditure before investment gains of £8,172, offset by significant investment gains of £190,729, resulting in a net movement in funds of £182,557. Per the trustees' report, free reserves stood at £1,928,109, which the trustees consider satisfactory to meet annual grants and donations. The charity has no employees and relies on investment income to fund its charitable activities.
What the accounts disclose
“The level of free reserves at 31 December 2024 was £1,928,109 (2023 - £1,745,552). The trustees consider this level of free reserves satisfactory to meet annual grants and donations.”
Trustees
- Dr Edward Jesper William Wallitt
- Dr Rashmi Kant Rajendra Kumar Patel
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £34k | £42k |
| 31/12/2023 | £33k | £18k |
| 31/12/2022 | £29k | £18k |
| 31/12/2021 | £28k | £67k |
| 31/12/2020 | £25k | £31k |
Common questions
Is THE WALLITT FOUNDATION financially healthy?
Per its FY2024 accounts: The accounts state that the charity reported a net expenditure before investment gains of £8,172, offset by significant investment gains of £190,729, resulting in a net movement in funds of £182,557. Per the trustees' report, free reserves stood at £1,928,109, which the trustees consider satisfactory to meet annual grants and donations. The charity has no employees and relies on investment income to fund its charitable activities. Its FY2024 accounts were independently examined.