ISLE OF WIGHT FOUNDATION
Financial health, per its FY2022 accounts
The accounts state that the charity operated at a deficit of £4,308 for the year ended 31 December 2022, reducing its unrestricted reserves to £9,063. The Trustees report that the Foundation has minimal administrative costs and no immediate need to build up reserves, relying on donations from founding member organisations. The Trustees confirm that resources are adequate to continue as a going concern with no material uncertainties identified.
What the accounts disclose
“The Trustees therefore have no immediate need to build up any reserves and can budget to maximise the use of funds for the Isle of Wight community.” — page 5
Trustees
- Arnaud Frederic Emmanuel Judet
- John Mark Sunderland
- Robert Innes Gillespie
- Victoria Martinez
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £104k | £103k |
| 31/12/2023 | £94k | £104k |
| 31/12/2022 | £91k | £96k |
| 31/12/2021 | £80k | £88k |
| 31/12/2020 | £80k | £72k |
Common questions
Is ISLE OF WIGHT FOUNDATION financially healthy?
The accounts state that the charity operated at a deficit of £4,308 for the year ended 31 December 2022, reducing its unrestricted reserves to £9,063. The Trustees report that the Foundation has minimal administrative costs and no immediate need to build up reserves, relying on donations from founding member organisations. The Trustees confirm that resources are adequate to continue as a going concern with no material uncertainties identified. Its FY2022 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE EARL OF NORTHAMPTON'S CHARITY | 1 | £456k |
| DAVID LAING FOUNDATION | 1 | £106k |
| THE JOHN ARMITAGE CHARITABLE TRUST | 1 | £70k |
| PRISM THE GIFT FUND | 1 | £70k |
| JOHN LAING CHARITABLE TRUST | 1 | £55k |
| THE RANWORTH TRUST 1985 | 1 | £40k |
| THE ELLERDALE TRUST | 1 | £30k |
| THE R C SNELLING CHARITABLE TRUST | 1 | £15k |