NES FOUNDATION LTD
Financial health, per its FY2024 accounts
The accounts state that unrestricted reserves stood at £7,476,674, which the trustees consider adequate to support the continuation of activities. The charity reported a net income of £37,089 for the year, reversing a previous deficit, and holds significant investment property assets valued at £9,592,041. Although a property was destroyed by fire after the year end, the directors anticipate no long-term loss in fair value due to full insurance coverage and rebuilding intentions.
What the accounts disclose
“£78,419 (2023: £162,512) was donated to the charity from companies, of which the Trustees are Directors.” — page 20
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- NEHEMIA SHEINFELD
- RACHEL SHEINFELD
- Sheldon Morgenstern
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £684k | £647k |
| 31/12/2023 | £633k | £634k |
| 31/12/2022 | £892k | £680k |
| 31/12/2021 | £582k | £633k |
| 31/12/2020 | £574k | £545k |
Common questions
Is NES FOUNDATION LTD financially healthy?
The accounts state that unrestricted reserves stood at £7,476,674, which the trustees consider adequate to support the continuation of activities. The charity reported a net income of £37,089 for the year, reversing a previous deficit, and holds significant investment property assets valued at £9,592,041. Although a property was destroyed by fire after the year end, the directors anticipate no long-term loss in fair value due to full insurance coverage and rebuilding intentions. Its FY2024 accounts were audited by Martin+Heller.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| DEBMAR BENEVOLENT TRUST LIMITED | 1 | £190k |
| DILLHAVEN LIMITED | 1 | £71k |
| BEAULAND LIMITED | 1 | £57k |
| J & J CHARITABLE TRUST LIMITED | 1 | £17k |
| KTRUST LIMITED | 1 | £12k |