THE WALLITT FOUNDATION

Registered charity 1142780 · accounts filings on the Charity Commission register

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.

Objects

THE TRUSTEES SHALL HOLD THE TRUST FUND UPON TRUST TO APPLY THE INCOME AND ALL OR SUCH PART OR PARTS OF THE CAPITAL IN SUCH MANNER AS THE TRUSTEES MAY IN THEIR ABSOLUTE DISCRETION THINK FIT FOR OR TOWARDS THE PROVISION OF EDUCATION AND IN PARTICULAR:A) THE PROVISION OF GRANTS BURSARIES MAINTENANCE AWARDS RESEARCH LIBRARIES AND MATERIALS AND FINANCIAL OR OTHER ASSISTANCE FOR ARTISTS; AND B) THE PROMOTION AND DISSEMINATION OF THE STUDY AND RESEARCH INTO PSYCHOLOGY EITHER BY DIRECT GRANT TO OR REMUNERATION OF INDIVIDUALS ENGAGED IN SUCH STUDY OR RESEARCH OR BY PAYMENT TO AN EXISTING OR FUTURE FUND FOUNDATION INSTITUTION CORPORATE BODY OR TRUST ENGAGED IN SUCH RESEARCH

The charity’s charitable objects and area of benefit, quoted from its governing document as held on the Charity Commission register.

Causes: General Charitable Purposes · Education/training · The Advancement Of Health Or Saving Of Lives · Arts/culture/heritage/science · Environment/conservation/heritage · Human Rights/religious Or Racial Harmony/equality Or Diversity · Get email alerts

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.

Automated summary of the FY2024 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Accounts independently examined (not a full audit). Discloses 4 of 6 completeness components.

Policies the charity declares

In its annual return the charity told the Commission that it has the policies listed below. This is self-declared: it is not verified by the Commission or by this site, and it is not evidence of how a policy works in practice.

• Conflicting interests
• Internal charity financial controls policy and procedures
• Investing charity funds policy and procedures
• Investment
• Risk management
• Trustee conflicts of interest policy and procedures
• Trustee expenses policy and procedures

Trustees · trustee networks

• Dr Edward Jesper William Wallitt
• Dr Rashmi Kant Rajendra Kumar Patel

Trustee list from the Charity Commission register (current, not historical).

Operates in: Throughout England And Wales

Income and spending

Common questions