THE WILBUR AND NISO SMITH FOUNDATION
AS PER CIO DOCUMENT ; PRIMARILY EDUCATION, THE PROMOTION OF LITERACY AND READING.
Financial health, per its FY2024 accounts
The accounts state that the charity's unrestricted reserves increased to £116,901, supported by incoming resources of £159,541 and the transfer of £92,123 from expendable endowment funds. The trustees report a secure financial position with no deficit, although they note the need to diversify income streams for greater stability. A formal reserves policy is planned for implementation in 2025.
What the accounts disclose
“Incoming resources totalled £159,541; of which £150,378 were donations and £9,163 other income.” — page 11
“During the year Orion Mintaka (UK) Limited provided the Charity with a financial donation totalling £nil (2023 : £35,000).” — page 25
“During the year Mokhiniso Rakhimova-Smith also made donations of £34,183 and provided the following gifts in kind: £1,655 book donations, £885 catering” — page 25
“During the year Orion Mintaka (UK) Limited provided the Charity with a financial donation totalling £nil (2023 : £35,000).” — page 25
“During the year Mokhiniso Rakhimova-Smith also made donations of £34,183 and provided the following gifts in kind: £1,655 book donations, £885 catering” — page 25
“During the year Orion Mintaka (UK) Limited provided the Charity with a financial donation totalling £nil (2023 : £35,000).” — page 25
“During the year Mokhiniso Rakhimova-Smith also made donations of £34,183 and provided the following gifts in kind: £1,655 book donations, £885 catering” — page 25
“During the year Orion Mintaka (UK) Limited provided the Charity with a financial donation totalling £nil (2023 : £35,000).” — page 25
“During the year Mokhiniso Rakhimova-Smith also made donations of £34,183 and provided the following gifts in kind: £1,655 book donations, £885 catering” — page 25
Trustees
- MOKHINISO RAKHIMOVA-SMITH
- Mark Richard Alexander Sullivan
- Ruth Sorby
- Sebastian Davey
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 30/06/2024 | £160k | £159k |
| 30/06/2023 | £73k | £126k |
| 30/06/2022 | £147k | £89k |
| 30/06/2021 | £58k | £70k |
| 30/06/2020 | £112k | £111k |
Common questions
Is THE WILBUR AND NISO SMITH FOUNDATION financially healthy?
Per its FY2024 accounts: The accounts state that the charity's unrestricted reserves increased to £116,901, supported by incoming resources of £159,541 and the transfer of £92,123 from expendable endowment funds. The trustees report a secure financial position with no deficit, although they note the need to diversify income streams for greater stability. A formal reserves policy is planned for implementation in 2025. Its FY2024 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE RANK FOUNDATION LIMITED | 1 | £60k |
| BONAMY CHARITABLE TRUST | 1 | £7k |
Charities like this
- THE SMITH FOUNDATION
- PAUL SMITH'S FOUNDATION
- THE KATHLEEN SMITH FOUNDATION
- THE W H SMITH GROUP CHARITABLE TRUST
- THE READING FOUNDATION
- WOODSMITH FOUNDATION LIMITED
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 | £160k | — | 0 | unclear | — | no doubt |
| THE SMITH FOUNDATION | £13.4m | £100,001 - £110,000 | 9 | above | — | no doubt |
| PAUL SMITH'S FOUNDATION | £423k | — | 0 | above | — | no doubt |
| THE KATHLEEN SMITH FOUNDATION | £103k | — | 0 | unclear | — | no doubt |
| THE W H SMITH GROUP CHARITABLE TRUST | £223k | — | 0 | unclear | — | no doubt |
| THE READING FOUNDATION | £517k | — | 0 | unclear | — | no doubt |