THE EIGHT FOUNDATION
Financial health, per its FY2024 accounts
The accounts state that the charity generated a net income of £16,607 for the year ended 30 June 2024, resulting in unrestricted reserves of £40,153. The trustees report that this reserve level is adequate to meet liabilities and future expenditure needs, noting that £10,000 is considered sufficient for operational objectives. The independent examiner confirmed that no material matters came to attention regarding the preparation of the accounts.
What the accounts disclose
“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” — page 5
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?
The accounts state that the charity generated a net income of £16,607 for the year ended 30 June 2024, resulting in unrestricted reserves of £40,153. The trustees report that this reserve level is adequate to meet liabilities and future expenditure needs, noting that £10,000 is considered sufficient for operational objectives. The independent examiner confirmed that no material matters came to attention regarding the preparation of the accounts. Its FY2024 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE GENERATIONAL FOUNDATION | 1 | £500k |
| THE SIR BERNARD & LADY SCHREIER FOUNDATION | 1 | £4k |
| THE CHRISTOPHER AND HENRY OLDFIELD TRUST | 1 | £0 |