THE WIGHT AID FOUNDATION
The WightAID Foundation benefits the local community of the Isle of Wight by granting funds that will support and enhance the services offered to those who are particulary in need. By granting these funds, the charity is able to assist with the continuation and growth of vital services for those living on the Island. Theses services aim to enrich the lives of individuals in the local community.
Latest income
£112k
Latest spending
£136k
Registered
2016
Accounts read
FY2024
Financial health, per its FY2024 accounts
The accounts state that unrestricted funds stood at £101,495, with a reserves policy requiring only minimal reserves to meet running costs. The charity reported a net decrease in funds of £23,981 for the year, driven by total expenditure exceeding total income. Free reserves are considered to be substantially the total unrestricted funds held at year-end less fixed assets.
What the accounts disclose
Largest income source: Donations and legacies (99% of income)
“Donations and legacies 3 111,178 - 111,178” — page 8
Per its FY2024 accounts as filed with the Charity Commission.
Reserves policy: minimal reserves in order to meet its running costs (held: £101k)
“The Foundation currently requires only minimal reserves in order to meet its running costs, and administration time, and support costs have been met by Inflight Peripherals Limited in kind.” — page 5
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Newstell Properties Limited, a company controlled by Mr Geoff Underwood a Trustee of the charity donated office and storage accommodation to the charity from the period June 2023 to March 2024. This has been estimated at £1,995 (2023 - £3,990). In addition a family member of Mr Underwood was seconded by the company to help with the running of the charity at an estimated cost of £22,609 (2023 £19,986).
“Newstell Properties Limited, a company controlled by Mr Geoff Underwood a Trustee of the charity donated office and storage accommodation to the charity from the period June 2023 to March 2024. This has been estimated at £1,995 (2023 - £3,990). In addition a family member of Mr Underwood was seconded by the company to help with the running of the charity at an estimated cost of £22,609 (2023 £19,986). The in-kind donations are reflected in both donations and support costs.” — page 18
“Moore (South) LLP of which Mrs S Lucas is a partner and is a Trustee of the Charity, has donated accounting work including the preparation of the Charity's statutory accounts of £1,900 (2023 - £1,825), and charged for bookkeeping and payroll services and software licences of £4,391 (2023 - £3,643). At the year end £1,932 was included in creditors (2023 - £2,520). In addition, Mrs S Lucas donated £3,000 (2023 - ENil) to the charity.” — page 18
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Moore (South) LLP of which Mrs S Lucas is a partner and is a Trustee of the Charity, has donated accounting work including the preparation of the Charity's statutory accounts of £1,900 (2023 - £1,825), and charged for bookkeeping and payroll services and software licences of £4,391 (2023 - £3,643). At the year end £1,932 was included in creditors (2023 - £2,520). In addition, Mrs S Lucas donated £3,000 (2023 - ENil) to the charity.
“Newstell Properties Limited, a company controlled by Mr Geoff Underwood a Trustee of the charity donated office and storage accommodation to the charity from the period June 2023 to March 2024. This has been estimated at £1,995 (2023 - £3,990). In addition a family member of Mr Underwood was seconded by the company to help with the running of the charity at an estimated cost of £22,609 (2023 £19,986). The in-kind donations are reflected in both donations and support costs.” — page 18
“Moore (South) LLP of which Mrs S Lucas is a partner and is a Trustee of the Charity, has donated accounting work including the preparation of the Charity's statutory accounts of £1,900 (2023 - £1,825), and charged for bookkeeping and payroll services and software licences of £4,391 (2023 - £3,643). At the year end £1,932 was included in creditors (2023 - £2,520). In addition, Mrs S Lucas donated £3,000 (2023 - ENil) to the charity.” — page 18
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Hardacre I.T. Limited of which David Jackson is a Director and is a Trustee of the Charity, contributed £5,000 (2023 - nil) towards website development costs.
“Newstell Properties Limited, a company controlled by Mr Geoff Underwood a Trustee of the charity donated office and storage accommodation to the charity from the period June 2023 to March 2024. This has been estimated at £1,995 (2023 - £3,990). In addition a family member of Mr Underwood was seconded by the company to help with the running of the charity at an estimated cost of £22,609 (2023 £19,986). The in-kind donations are reflected in both donations and support costs.” — page 18
“Moore (South) LLP of which Mrs S Lucas is a partner and is a Trustee of the Charity, has donated accounting work including the preparation of the Charity's statutory accounts of £1,900 (2023 - £1,825), and charged for bookkeeping and payroll services and software licences of £4,391 (2023 - £3,643). At the year end £1,932 was included in creditors (2023 - £2,520). In addition, Mrs S Lucas donated £3,000 (2023 - ENil) to the charity.” — page 18
Per its FY2024 accounts as filed with the Charity Commission.
Trustees
- GEOFFREY PAUL UNDERWOOD OBE,DLchair
- BRIAN JAMES MARRIOTT
- Dale Howarth
- David Jackson
- Rachael Randall
- STEPHEN PORTER
- SUSAN LUCAS
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £112k | £136k |
| 31/12/2023 | £108k | £93k |
| 31/12/2022 | £86k | £91k |
| 31/12/2021 | £138k | £73k |
| 31/12/2020 | £190k | £139k |
Common questions
Is THE WIGHT AID FOUNDATION financially healthy?
Per its FY2024 accounts: The accounts state that unrestricted funds stood at £101,495, with a reserves policy requiring only minimal reserves to meet running costs. The charity reported a net decrease in funds of £23,981 for the year, driven by total expenditure exceeding total income. Free reserves are considered to be substantially the total unrestricted funds held at year-end less fixed assets. Its FY2024 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| AGE UK | 1 | £246k |
| JOHN SWIRE 1989 CHARITABLE TRUST | 1 | £76k |
| Vivensa Foundation | 1 | £11k |
| SIR JULES THORN CHARITABLE TRUST | 1 | £3k |
| THE GREEN HALL FOUNDATION | 1 | £2k |
Charities like this
- ISLE OF WIGHT FOUNDATION
- HAMPSHIRE AND THE ISLE OF WIGHT COMMUNITY FOUNDATION
- COMMUNITY ACTION ISLE OF WIGHT
- ISLE OF WIGHT CITIZENS ADVICE BUREAU
- West Wight Sports and Community Centre Trust Ltd
- HAMPSHIRE AND ISLE OF WIGHT HEALTHCARE NHS FOUNDATION TRUST CHARITY
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| THE WIGHT AID FOUNDATION | £112k | — | 0 | unclear | — | no doubt |
| ISLE OF WIGHT FOUNDATION | £104k | — | 0 | below | — | no doubt |
| HAMPSHIRE AND THE ISLE OF WIGHT COMMUNITY FOUNDATION | £656k | £60,001 - £70,000 | 1 | within | 12.8% | no doubt |
| COMMUNITY ACTION ISLE OF WIGHT | £2.0m | — | 0 | above | — | no doubt |
| ISLE OF WIGHT CITIZENS ADVICE BUREAU | £712k | — | 0 | below | — | no doubt |
| West Wight Sports and Community Centre Trust Ltd | £1.3m | — | 0 | below | — | no doubt |