FORTY LIMITED
Financial health, per its FY2024 accounts
The accounts state that total unrestricted funds stood at £10,781,419 at the year end, with the fund balance being used for building expansion. The trustees report that they are satisfied with the results and have received undertakings from local supporters to cover any deficit if it should arise. The auditor confirmed that the use of the going concern basis of accounting is appropriate with no material uncertainties identified.
What the accounts disclose
“The charity leases its property to Beis Chinuch Lebonos Limited a connected charity. During the year Forty Limited received rental income of £910,100 (2023:£950,000), from Beis Chinuch Lebonos Limited. At the year end, the charity was owed £930 (2023: £nil), by Kids 'N' Action.” — page 22
Corporate structure
- Registered company of the charity Companies House 02884621
Structured financials (annual return, FY ending 31/08/2025)
Trustees
- Avrohom Schechter
- Benzion Goldstein
- RICHARD SPITZER
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/08/2025 | £1.3m | £1.4m |
| 31/08/2024 | £1.7m | £1.7m |
| 31/08/2023 | £1.8m | £1.4m |
| 31/08/2022 | £1.5m | £1.5m |
| 31/08/2021 | £1.7m | £1.2m |
Common questions
Is FORTY LIMITED financially healthy?
The accounts state that total unrestricted funds stood at £10,781,419 at the year end, with the fund balance being used for building expansion. The trustees report that they are satisfied with the results and have received undertakings from local supporters to cover any deficit if it should arise. The auditor confirmed that the use of the going concern basis of accounting is appropriate with no material uncertainties identified. Its FY2024 accounts were audited by Brindley Goldstein Limited.
Who funds FORTY LIMITED?
Funders whose own accounts filings name FORTY LIMITED as a grant recipient include GOLDHEART CHARITY LIMITED, THE EDGAR E LAWLEY FOUNDATION.
Known funders
| Funder | Year | Amount |
|---|---|---|
| GOLDHEART CHARITY LIMITED | FY2022 | £30k |
| THE EDGAR E LAWLEY FOUNDATION | FY2025 | £2k |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| DEBMAR BENEVOLENT TRUST LIMITED | 1 | £530k |
| BEIS MENACHEM CHABAD LUBAVITCH | 1 | £102k |
| YESHIVAS LUBAVITCH MANCHESTER | 1 | £20k |
| UNSEEN (UK) | 1 | £20k |