THE EIGHT FOUNDATION
The Foundation is a registered charity, number 1174600, governed by the trust deed dated 4th July 2017. The foundation was established in July 2017 with a mission to support local charities/individuals through grants who need donations in order to survive and to provide services within their local community.
Financial health, per its FY2025 accounts
The accounts state that the charity incurred a net expenditure of £10,941 for the year, reducing its unrestricted reserves from £40,153 to £29,212. The trustees' report notes that the charity's costs are modest and comprised of general administration and accountancy services. The independent examiner confirmed that no material matters came to their attention regarding the accounts.
What the accounts disclose
“The trustees anticipate that £10,000 is sufficient for meeting these objectives. The objective of the charity is to issue grants so that the reserves should not exceed the equivalent of the charity's projected income for the following two years.”
Trustees
- IAN RIGGS
- Nick Clegg
- Storm Shepherd-Riggs
- Stuart Brown
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 30/06/2025 | £143k | £154k |
| 30/06/2024 | £184k | £167k |
| 30/06/2023 | £155k | £155k |
| 30/06/2022 | £109k | £141k |
| 30/06/2021 | £53k | £46k |
Common questions
Is THE EIGHT FOUNDATION financially healthy?
Per its FY2025 accounts: The accounts state that the charity incurred a net expenditure of £10,941 for the year, reducing its unrestricted reserves from £40,153 to £29,212. The trustees' report notes that the charity's costs are modest and comprised of general administration and accountancy services. The independent examiner confirmed that no material matters came to their attention regarding the accounts. Its FY2025 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE ROSELINE FOUNDATION | 1 | £1.0m |
| THE VARDY FOUNDATION | 1 | £615k |
| THE GENERATIONAL FOUNDATION | 1 | £500k |
| CRODA FOUNDATION | 1 | £399k |
| THE HARRISON FOUNDATION | 1 | £228k |
| UBS UK Donor-Advised Foundation | 1 | £173k |
| Point North Community Foundation | 1 | £157k |
| THE CHRISTOPHER AND HENRY OLDFIELD TRUST | 1 | £25k |
Charities like this
- THE EIGHTY EIGHT FOUNDATION
- THE GENERATIONAL FOUNDATION
- THE OCTOPUS FOUNDATION
- Community Foundation for Staffordshire and Shropshire
- THE SUPPORT FOUNDATION
- EARTH CHARITABLE FOUNDATION
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| THE EIGHT FOUNDATION | £143k | — | 0 | unclear | — | no doubt |
| THE EIGHTY EIGHT FOUNDATION | £7.0m | — | 0 | unclear | — | no doubt |
| THE GENERATIONAL FOUNDATION | £1.4m | — | 0 | unclear | — | no doubt |
| THE OCTOPUS FOUNDATION | £329k | — | 0 | unclear | — | no doubt |
| Community Foundation for Staffordshire and Shropshire | £4.6m | — | — | unclear | — | no doubt |
| THE SUPPORT FOUNDATION | £190k | — | 0 | below | — | no doubt |