Charity Accounts Intelreading the accounts so you don’t have to

THE QUITAK FOUNDATION

Registered charity 1073371 · accounts filings on the Charity Commission register

Advancement of education in accordance with the tenets and doctrines of the Jewish Faith; advancement of medical research; advancement of medical support services.

Objects

THE TRUSTEES SHALL HOLD THE CAPITAL AND INCOME OF THE TRUST FUND UPON TRUST TO APPLY THE INCOME, AND ALL OR SUCH PART OR PARTS OF THE CAPITAL , AT SUCH TIME OR TIMES AND IN SUCH MANNER AS THE TRUSTEES MAY IN THEIR ABSOLUTE DISCRETION THINK FIT IN ANY PART OF THE WORLD FOR SUCH CHARITABLE PURPOSES AS THE TRUSTEES MAY DETERMINE PARTICULARLY BY MAKING GRANTS TO CHARITIES OR FOR CHARITABLE PURPOSES WHICH MAY INCLUDE THE ADVANCEMENT OF EDUCATION IN ACCORDANCE WITH TENETS AND DOCTRINES OF THE JEWISH FAITH AND OTHER CHARITABLE PURPOSES FOR THE BENEFIT OF JEWISH PERSONS

Area of benefit: NOT DEFINED

The charity’s charitable objects and area of benefit, quoted from its governing document as held on the Charity Commission register.

Causes: Education/training · The Advancement Of Health Or Saving Of Lives · The Prevention Or Relief Of Poverty · Get email alerts

Latest income
£90k
Latest spending
£288k
Registered
1999
Accounts read
FY2025

Financial health, per its FY2025 accounts

The accounts state that total unrestricted funds decreased to £3,027,657 from £3,271,678 in the prior year, primarily due to a net outgoing of resources and investment losses. The trustees maintain sufficient accessible funds to cover one year of administrative costs and committed grants, alongside a contingency fund. The charity does not actively fundraise and relies on investment income to support its grant-making activities.

Automated summary of the FY2025 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Reserves policy: one year's administrative costs, the amount of grants already committed for the future twelve months, plus a contingency fund equal to the prior six months expenditure (held: £3.0m)
“The Trustees hold, in immediate accessible form, via short term money market holdings, sufficient funds to cover one year's administrative costs, the amount of grants already committed for the future twelve months, plus a contingency fund equal to the prior six months expenditure.” — page 6
Per its FY2025 accounts as filed with the Charity Commission.
Payments to trustees: Professional fees of £8,112 were paid to Mr A Portnoy and investment manager's fees of £5,950 were paid to JPM Asset Management Limited (where Mr J Meston is a director).
“The professional fees were paid to Mr A Portnoy and the Investment Manager's fees were paid to JPM Asset Management Limited of which Mr J Meston is a director.” — page 13
Per its FY2025 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit). Discloses 4 of 6 completeness components.

Policies the charity declares

In its annual return the charity told the Commission that it has the policies listed below. This is self-declared: it is not verified by the Commission or by this site, and it is not evidence of how a policy works in practice.

Structured financials (annual return, FY ending 05/04/2022)

Total income
£2.0m
Total spending
£100k
Reserves (reported)
£3.5m
Employees
0

Per its annual return, cost of raising funds: 0.0% of total income.

Trustees · trustee networks

Trustee list from the Charity Commission register (current, not historical).

Operates in: France · Israel · Throughout England And Wales

Income and spending

Financial year endIncomeSpending
05/04/2025£90k£288k
05/04/2024£71k£210k
05/04/2023£46k£275k
05/04/2022£2.0m£100k
05/04/2021£33k£67k

Common questions

Is THE QUITAK FOUNDATION financially healthy?

Per its FY2025 accounts: The accounts state that total unrestricted funds decreased to £3,027,657 from £3,271,678 in the prior year, primarily due to a net outgoing of resources and investment losses. The trustees maintain sufficient accessible funds to cover one year of administrative costs and committed grants, alongside a contingency fund. The charity does not actively fundraise and relies on investment income to support its grant-making activities. Its FY2025 accounts were independently examined.