THE WO STREET CHARITABLE FOUNDATION
Financial health, per its FY2024 accounts
The accounts state that total net assets increased to £22,031,566, comprising £21,908,829 in capital reserves and £122,737 in income reserves. The charity reported a net income of £1,351,584 for the year, driven by investment gains, while distributing £507,000 in grants. The trustees confirmed that adequate resources are available to continue operations for the foreseeable future.
What the accounts disclose
“It is not the policy of the Trustees to retain income for future needs, although the Trustees may do this if particular projects that involve longer-term funding are approved by the Trustees.” — page 5
“During the year, Withers LLP, the firm in which Christopher Priestley is a partner, received fees for legal services provided by or to the Trustees, as authorised by the settlor in the Trust Deed. Fees of £4,852 (2023: £8,651) were charged to income.” — page 23
“Zedra Trust Company (UK) Limited (the Trust Company), which is considered to be key management personnel, received management fees totalling £77,052 (2023: £144,009) of which £58,087 (2023: £50,712) was charged to income and £19,288 (2023: £93,297) to capital.” — page 23
“During the year, Withers LLP, the firm in which Christopher Priestley is a partner, received fees for legal services provided by or to the Trustees, as authorised by the settlor in the Trust Deed. Fees of £4,852 (2023: £8,651) were charged to income.” — page 23
“Zedra Trust Company (UK) Limited (the Trust Company), which is considered to be key management personnel, received management fees totalling £77,052 (2023: £144,009) of which £58,087 (2023: £50,712) was charged to income and £19,288 (2023: £93,297) to capital.” — page 23
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- CHRIS PRIESTLEY
- ZEDRA Trust Company (UK) Ltd
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £504k | £507k |
| 31/12/2023 | £437k | £597k |
| 31/12/2022 | £405k | £476k |
| 31/12/2021 | £323k | £481k |
| 31/12/2020 | £485k | £634k |
Common questions
Is THE WO STREET CHARITABLE FOUNDATION financially healthy?
The accounts state that total net assets increased to £22,031,566, comprising £21,908,829 in capital reserves and £122,737 in income reserves. The charity reported a net income of £1,351,584 for the year, driven by investment gains, while distributing £507,000 in grants. The trustees confirmed that adequate resources are available to continue operations for the foreseeable future. Its FY2024 accounts were audited by Sumer Auditco Limited.