THE WILBUR AND NISO SMITH FOUNDATION
AS PER CIO DOCUMENT ; PRIMARILY EDUCATION, THE PROMOTION OF LITERACY AND READING.
Objects
1 TO PROMOTE AND ASSIST IN THE ADVANCEMENT OF THE ARTS AND CULTURE, IN PARTICULAR BUT NOT LIMITED TO THE ART OF LITERATURE, AND TO EXTEND AND INCREASE APPRECIATION, KNOWLEDGE AND UNDERSTANDING OF THE SAME;2 TO PROMOTE AND ASSIST IN THE ADVANCEMENT OF EDUCATION, IN PARTICULAR BUT NOT LIMITED TO EDUCATION RELATING TO OR ASSOCIATED WITH THE ART OF LITERATURE;3 TO ADVANCE SUCH OTHER PURPOSES THAT ARE EXCLUSIVELY CHARITABLE ACCORDING TO THE LAW OF ENGLAND AND WALES AS THE TRUSTEES IN THEIR ABSOLUTE DISCRETION THINK FIT;AND (SAVE FOR PURPOSES INCIDENTAL AND ANCILLARY TO THOSE OBJECTS), NO OTHER PURPOSES.
Financial health, per its FY2025 accounts
The accounts state that unrestricted reserves have decreased significantly to £27,443 from £116,901 in the prior year, following a period of expenditure exceeding income. The trustees note that the principal funder has ceased funding, creating a dependency on securing new resources, although they assert there are sufficient reserves for an orderly wind down if necessary. The financial statements were prepared on a going concern basis, with the trustees believing the charity can honour its liabilities as they fall due.
What the accounts disclose
“One employee received remuneration amounting to more than £60,000 in the period, which lasted for 18 months as the charity brought its financial year in line with its charitable activity (2024: nil).” — page 21
“One employee received remuneration amounting to more than £60,000 in the period, which lasted for 18 months as the charity brought its financial year in line with its charitable activity (2024: nil).” — page 21
“Incoming resources totalled £148,132; of which £138,444 were donations and £9,688 other income.” — page 10
“The financial statements have been prepared on a going concern basis. The principal funder has made the difficult decision to cease funding. The trustees are exploring opportunities and note that there are sufficient reserves for an orderly wind down of the organisation, and that it will be able to honour its liabilities as they fall due. The trustees believe this matter should be brought to the attention of the readers of the accounts.” — page 16
“During the period Orion Mintaka (UK) Limited provided the Charity with a financial donation totalling £118,998 (2024: £nil).” — page 24
“During the period Mokhiniso Smith also made donations of £nil and provided the following gifts in kind: £2,984 book donations, £1,080 Independent Examination fee.” — page 24
“During the period Orion Mintaka (UK) Limited provided the Charity with a financial donation totalling £118,998 (2024: £nil).” — page 24
“During the period Mokhiniso Smith also made donations of £nil and provided the following gifts in kind: £2,984 book donations, £1,080 Independent Examination fee.” — page 24
“During the period Orion Mintaka (UK) Limited provided the Charity with a financial donation totalling £118,998 (2024: £nil).” — page 24
“During the period Mokhiniso Smith also made donations of £nil and provided the following gifts in kind: £2,984 book donations, £1,080 Independent Examination fee.” — page 24
“During the period Orion Mintaka (UK) Limited provided the Charity with a financial donation totalling £118,998 (2024: £nil).” — page 24
“During the period Mokhiniso Smith also made donations of £nil and provided the following gifts in kind: £2,984 book donations, £1,080 Independent Examination fee.” — page 24
“During the period Orion Mintaka (UK) Limited provided the Charity with a financial donation totalling £118,998 (2024: £nil).” — page 24
“During the period Mokhiniso Smith also made donations of £nil and provided the following gifts in kind: £2,984 book donations, £1,080 Independent Examination fee.” — page 24
Year-over-year changes
- Employees paid over £60,000: 0 (FY2024) → 1 (FY2025).
- Going concern: no going-concern doubt (FY2024) → going-concern doubt noted (FY2025).
Policies the charity declares
- Safeguarding policy and procedures
- Safeguarding vulnerable beneficiaries
- Volunteer management
From the charity’s annual return (Part A, self-declared)
Self-declared on the annual return for the financial year ending 30/12/2025
- Volunteers: 76
- Employees paid over £60,000: 1 (£70,001–£80,000: 1)
Self-declared on the annual return for the financial year ending 30/06/2024
- Volunteers: 59
Self-declared on the annual return for the financial year ending 30/06/2023
- Volunteers: 58
Trustees
- MOKHINISO RAKHIMOVA-SMITH
- Mark Richard Alexander Sullivan
- Ruth Sorby
- Sebastian Davey
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 30/12/2025 | £149k | £238k |
| 30/06/2024 | £160k | £159k |
| 30/06/2023 | £73k | £126k |
| 30/06/2022 | £147k | £89k |
| 30/06/2021 | £58k | £70k |
Common questions
Is THE WILBUR AND NISO SMITH FOUNDATION financially healthy?
Per its FY2025 accounts: The accounts state that unrestricted reserves have decreased significantly to £27,443 from £116,901 in the prior year, following a period of expenditure exceeding income. The trustees note that the principal funder has ceased funding, creating a dependency on securing new resources, although they assert there are sufficient reserves for an orderly wind down if necessary. The financial statements were prepared on a going concern basis, with the trustees believing the charity can honour its liabilities as they fall due. Its FY2025 accounts were independently examined.
What does the highest-paid employee of THE WILBUR AND NISO SMITH FOUNDATION earn?
Per its FY2025 accounts, the highest-paid employee was in the more than £60,000 band, and 1 employees earned over £60,000.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| JOSEPH ROWNTREE FOUNDATION | 1 | £40k |
| NORTHUMBERLAND NATIONAL PARK FOUNDATION | 1 | £40k |
| CLASSICS FOR ALL | 1 | £15k |
| DUKE OF DEVONSHIRE'S CHARITABLE TRUST | 1 | £5k |
| CHAPMAN CHARITABLE TRUST | 1 | £1k |
Charities like this
- WILSON'S SCHOOL FOUNDATION CIO
- SUMNER WILSON CHARITABLE TRUST
- THE ORWELL FOUNDATION
- THE BARBOUR FOUNDATION
- DEVIZES ASSIZE COURT TRUST
- THE WHITWORTH CENTRE
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| THE WILBUR AND NISO SMITH FOUNDATION | £149k | more than £60,000 | 1 | unclear | — | noted |
| WILSON'S SCHOOL FOUNDATION CIO | £341k | — | 0 | unclear | — | no doubt |
| SUMNER WILSON CHARITABLE TRUST | £136k | — | 0 | above | — | no doubt |
| THE ORWELL FOUNDATION | £194k | — | 0 | unclear | — | no doubt |
| THE BARBOUR FOUNDATION | £2.6m | — | 0 | unclear | — | no doubt |
| DEVIZES ASSIZE COURT TRUST | £59k | — | 0 | unclear | 7.2% | no doubt |