THE SKIPASUND FOUNDATION
To support National Charities in the UK. To benefit the general public and improve public safety.To help children experiencing disadvantage, ie poverty, disability, discrimination etc
Financial health, per its FY2025 accounts
The accounts state that the charity held unrestricted reserves of £800,655 at the year end, which the trustees consider to be above their target level of covering expenditure for several years. The charity reported a net income surplus of £42,765 for the year, funded by donations and investment income, with no fundraising activities undertaken. The trustees confirmed there are no material uncertainties regarding the charity's ability to continue as a going concern.
What the accounts disclose
“The foundation’s policy on reserves is to hold sufficient reserves to cover the charity’s expenditure for several years.” — page 4
Corporate structure
- Registered company of the charity Companies House 13363253
Company officers (Companies House)
- FERNS, Michael Andrew on trustee list
- AGUSTSSON, Haraldur on trustee list
- MORRIS, Andrew Kingsley on trustee list
- SHEPHERD, Andrew on trustee list
- LEVITT, Michael
Trustees
- Haraldur Agustssonchair
- Andrew Morris
- Andrew Shepherd
- Michael Andrew Ferns
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 30/04/2025 | £98k | £55k |
| 30/04/2024 | £12k | £73k |
| 30/04/2023 | £204k | £339k |
Common questions
Is THE SKIPASUND FOUNDATION financially healthy?
Per its FY2025 accounts: The accounts state that the charity held unrestricted reserves of £800,655 at the year end, which the trustees consider to be above their target level of covering expenditure for several years. The charity reported a net income surplus of £42,765 for the year, funded by donations and investment income, with no fundraising activities undertaken. The trustees confirmed there are no material uncertainties regarding the charity's ability to continue as a going concern. Its FY2025 accounts were independently examined.