NETWORK OF WELLBEING
Financial health, per its FY2023 accounts
The accounts state that the charity reported a deficit of £6,800 for the year ended 31 March 2023, a reversal from the previous year's surplus, driven by a drop in grants receivable. Total reserves fell from £182,943 to £176,143 as fundraising did not fully meet the budgeted shortfall, though unrestricted reserves remained sufficient to cover liabilities.
What the accounts disclose
“The Charity aims to recoup core costs brought about by its projects and retains sufficient designated fund to cover liabilities, should it ever be forced to cease any of its operations.” — page 5
Funders the charity credits
- National Lottery
Trustees
- Katie Elizabeth Sperring
- NIGEL JAMES WOODWARD
- Sam Dickinson
- Sarah Louise Humphrey
- Zafar Choudhury
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £209k | £209k |
| 31/03/2024 | £161k | £242k |
| 31/03/2023 | £207k | £214k |
| 31/03/2022 | £263k | £207k |
| 31/03/2021 | £223k | £212k |
Common questions
Is NETWORK OF WELLBEING financially healthy?
The accounts state that the charity reported a deficit of £6,800 for the year ended 31 March 2023, a reversal from the previous year's surplus, driven by a drop in grants receivable. Total reserves fell from £182,943 to £176,143 as fundraising did not fully meet the budgeted shortfall, though unrestricted reserves remained sufficient to cover liabilities. Its FY2023 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE GUNTER CHARITABLE TRUST | 1 | — |
| THE THOMPSON FAMILY CHARITABLE TRUST | 1 | £200k |
| THE BLOOM FOUNDATION | 1 | £143k |
| THE PWC FOUNDATION | 1 | £118k |
| THE STEWARTS LAW FOUNDATION | 1 | £69k |
| THE KENSINGTON AND CHELSEA FOUNDATION | 1 | £69k |
| THE ABASEEN FOUNDATION U.K. | 1 | £31k |
| THE JMCMRJ SORRELL FOUNDATION | 1 | £30k |