THE WEST FOUNDATION
Financial health, per its FY2024 accounts
The accounts state that total unrestricted funds increased significantly to £1,804,728, driven by a large one-off donation of £1,732,660 from The Stanley Trust. Despite a loss on investments of £24,157 and charitable expenditure of £34,041, the charity maintains a strong net asset position with no stated reserves policy target or restrictions on fund usage.
What the accounts disclose
“During the year, the charity received a donation of El ,732,660 from The Stanley Trust. Three of the trustees of The West Foundation also served as trustees of The Stanley Trust. There were no amounts outstanding at the end. year” — page 16
Structured financials (annual return, FY ending 30/12/2024)
Trustees
- ANGELA MURIEL HEALEY
- JANE OLDFIELD
- MALCOLM STANLEY HEALEY
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 30/12/2024 | £1.8m | £34k |
| 30/12/2023 | £2k | £600 |
| 30/12/2022 | £343 | £600 |
| 30/12/2021 | £0 | £0 |
Common questions
Is THE WEST FOUNDATION financially healthy?
The accounts state that total unrestricted funds increased significantly to £1,804,728, driven by a large one-off donation of £1,732,660 from The Stanley Trust. Despite a loss on investments of £24,157 and charitable expenditure of £34,041, the charity maintains a strong net asset position with no stated reserves policy target or restrictions on fund usage. Its FY2024 accounts were audited by BCO Accountants LLP.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| CURE LEUKAEMIA | 1 | £250k |
| ATTEND | 1 | £118k |
| HABITAT FOR HUMANITY GREAT BRITAIN | 1 | £27k |
| THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. MARY OF THE ANNUNCIATION BEAMINSTER | 1 | £25k |
| THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH NORTH WEST SWINDON AND LYDIARD MILLICENT | 1 | £20k |
| QUORN BAPTIST CHURCH | 1 | £15k |
| UNSEEN (UK) | 1 | £10k |
| RETFORD BAPTIST CHURCH | 1 | £5k |