THE WEMBLEY TO SOWETO FOUNDATION
Registered charity 1156984 · accounts filings on the Charity Commission register · also known as W2S
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net operating expenditure of £3,013 for the year, resulting in unrestricted funds falling to a deficit of £1,533. The trustees maintain a reserves policy target of approximately six months of unrestricted expenditure. Despite the current deficit, the trustees confirm adequate resources for the foreseeable future and express hope for escalating funding to achieve self-sufficiency.
What the accounts disclose
Reserves policy: approximately six months unrestricted expenditure (held: £-2k)
“It is the Trustees’ aim to maintain unrestricted funds, which will be the free reserves of the charity, at a level which exceeds approximately six months unrestricted expenditure.” — page 5
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Related Party Transactions
“Included within creditors at the Balance Sheet date is £12,443 (2023: £nil) owed to the CEO.” — page 12
Per its FY2024 accounts as filed with the Charity Commission.
Accounts independently examined (not a full audit).
Trustees
Trustee list from the Charity Commission register (current, not historical).
Operates in: Abu Dhabi · Afghanistan · Ajman · Akrotiri · Aland Islands · Albania · Algeria · American Samoa · Andorra · Angola · Anguilla · Antarctica
Income and spending
Common questions
Is THE WEMBLEY TO SOWETO FOUNDATION financially healthy?
The accounts state that the charity reported a net operating expenditure of £3,013 for the year, resulting in unrestricted funds falling to a deficit of £1,533. The trustees maintain a reserves policy target of approximately six months of unrestricted expenditure. Despite the current deficit, the trustees confirm adequate resources for the foreseeable future and express hope for escalating funding to achieve self-sufficiency. Its FY2024 accounts were independently examined.
Government & lottery funding
Grants to this charity published as open data by government and lottery funders (360Giving).
Funders of similar charities
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Charities like this
Semantically similar by activities and financial character, from our analysed corpus. Compare with SAO FOUNDATION.