GROVEPALM LIMITED
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net expenditure of £12,300 for the year, resulting in a decrease in total unrestricted funds from £354,566 to £342,266. The trustees have reviewed reserves and concluded that a general surplus of £25,000 is sufficient to achieve objectives. There are no paid employees, with all administration carried out on a voluntary basis.
What the accounts disclose
“The trustees have reviewed the charity's needs for reserves in line with the guidance issued by the Charity Commission and have concluded that the general surplus amounting to £25,000 is sufficient to achieve its objectives.” — page 3
Structured financials (annual return, FY ending 31/10/2024)
Trustees
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/10/2024 | £810k | £822k |
| 31/10/2023 | £314k | £292k |
| 31/10/2022 | £186k | £184k |
| 31/10/2021 | £80k | £86k |
| 31/10/2020 | £56k | £61k |
Common questions
Is GROVEPALM LIMITED financially healthy?
The accounts state that the charity reported a net expenditure of £12,300 for the year, resulting in a decrease in total unrestricted funds from £354,566 to £342,266. The trustees have reviewed reserves and concluded that a general surplus of £25,000 is sufficient to achieve objectives. There are no paid employees, with all administration carried out on a voluntary basis. Its FY2024 accounts were independently examined.
Who funds GROVEPALM LIMITED?
Funders whose own accounts filings name GROVEPALM LIMITED as a grant recipient include YAD VOCHESSED ASSOCIATION LIMITED, ZOREYA TZEDOKOS, BEIS AHARON CHARITABLE TRUST LIMITED, E AND E KERNKRAUT CHARITIES LIMITED, UOHC SUPERVISION LTD.
Shared trustees with funders
- Frieda Lipschitz — trustee here and at YAD VOCHESSED ASSOCIATION LIMITED
- JOSEPH LIPSCHITZ — trustee here and at YAD VOCHESSED ASSOCIATION LIMITED
Known funders
| Funder | Year | Amount |
|---|---|---|
| YAD VOCHESSED ASSOCIATION LIMITED | FY2024 | £100k |
| ZOREYA TZEDOKOS | FY2024 | £99k |
| BEIS AHARON CHARITABLE TRUST LIMITED | FY2023 | £28k |
| E AND E KERNKRAUT CHARITIES LIMITED | FY2024 | £10k |
| UOHC SUPERVISION LTD | FY2023 | £10k |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| ACHISOMOCH AID COMPANY LIMITED | 3 | £386k |
| KOLLEL AND CO LIMITED | 1 | £500k |
| GILMOOR BENEVOLENT FUND LIMITED | 1 | £380k |
| NASOD CHARITABLE TRUST | 1 | £290k |
| BOURNEHEIGHTS LIMITED | 1 | £237k |
| ELLINSON FOUNDATION LIMITED | 1 | £230k |
| KEREN ASSOCIATION LIMITED | 1 | £188k |
| BROOM FOUNDATION | 1 | £74k |