THE BROWNSWORD CHARITABLE FOUNDATION
Financial health, per its FY2023 accounts
The accounts state that the charity held total free reserves of £380,733 at the end of the financial year, with unrestricted funds totaling £408,447. The trustees report that major new grants are anticipated to be restricted due to the depletion of available funds, although the charity maintains significant expendable endowment reserves of £9,987,001. The independent auditors confirmed that the financial statements give a true and fair view and identified no material uncertainties regarding the charity's ability to continue as a going concern.
What the accounts disclose
“The policy of Trustees is to retain reserves in cash.” — page 3
Trustees
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £408k | £219k |
| 31/12/2023 | £351k | £165k |
| 31/12/2022 | £312k | £164k |
| 31/12/2021 | £235k | £304k |
| 31/12/2020 | £251k | £505k |
Common questions
Is THE BROWNSWORD CHARITABLE FOUNDATION financially healthy?
The accounts state that the charity held total free reserves of £380,733 at the end of the financial year, with unrestricted funds totaling £408,447. The trustees report that major new grants are anticipated to be restricted due to the depletion of available funds, although the charity maintains significant expendable endowment reserves of £9,987,001. The independent auditors confirmed that the financial statements give a true and fair view and identified no material uncertainties regarding the charity's ability to continue as a going concern. Its FY2023 accounts were audited by Sumer Auditco Limited.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| BEIS MENACHEM CHABAD LUBAVITCH | 1 | £102k |
| THE AMATEURS TRUST | 1 | £90k |
| UNSEEN (UK) | 1 | £68k |
| YESHIVAS LUBAVITCH MANCHESTER | 1 | £20k |