THE WELL CENTRE
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net expenditure of £6,004 for the year, resulting in unrestricted reserves of £6,004. The trustees maintain a reserves policy targeting a minimum of three months' worth of expenses, which they state is consistently held in the bank account to secure ongoing operations. Total funds carried forward were £31,996, comprising £38,000 in restricted funds and a deficit of £6,004 in unrestricted funds.
What the accounts disclose
“To maintain financial stability, the Trustees and CEO work together to ensure that a minimum of three months’ worth of expenses is consistently held in the bank account” — page 4
Trustees
- Dr Sadrudin Kherajchair
- Dr Simon Chapman
- John Poyton OBE
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £112k | £98k |
| 31/03/2024 | £65k | £33k |
Common questions
Is THE WELL CENTRE financially healthy?
The accounts state that the charity reported a net expenditure of £6,004 for the year, resulting in unrestricted reserves of £6,004. The trustees maintain a reserves policy targeting a minimum of three months' worth of expenses, which they state is consistently held in the bank account to secure ongoing operations. Total funds carried forward were £31,996, comprising £38,000 in restricted funds and a deficit of £6,004 in unrestricted funds. Its FY2024 accounts were independently examined.
Who funds THE WELL CENTRE?
Funders whose own accounts filings name THE WELL CENTRE as a grant recipient include SIR HALLEY STEWART TRUST.
Known funders
| Funder | Year | Amount |
|---|---|---|
| SIR HALLEY STEWART TRUST | FY2025 | £21k |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| SALOMAN FOUNDATION | 1 | — |
| FRIENDS OF WIZNITZ LIMITED | 1 | £335k |
| SF FOUNDATION | 1 | £209k |
| GILMOOR BENEVOLENT FUND LIMITED | 1 | £154k |
| CMZ LTD | 1 | £137k |
| NES FOUNDATION LTD | 1 | £112k |
| THE ROYAL FOUNDATION OF THE PRINCE AND PRINCESS OF WALES | 1 | £109k |
| MERCAZ TORAH VECHESED LIMITED | 1 | £104k |