THE LEO AND BETTY GRUSS CHARITABLE TRUST
The charity was formed on 7 November 2007 during the lifetime of Leo and Betty Gruss. Their intention was to bequeath their estate to the charity. Betty Gruss died in 2018, Leo Gruss died in 2020. Probate was granted on the estate of Mr Gruss and the charity is the beneficiary of the residue of the estate. Trustees are working towards funding projects which will meet the charity's objectives.
Objects
1) THE RELIEF OF POVERTY INCLUDING IN PARTICULAR BUT WITHOUT PREJUDICE AS TO THE GENERALITY OF THE FOREGOING THE GIVING OF AND AFFORDING ASSISTANCE TO LARGE NEEDY FAMILIES AND NEEDY BRIDES.2) TO ADVANCE THE RELIGION OF THE JEWISH FAITH IN ACCORDANCE WITH THE ORTHODOX PRACTICE.3) TO ADVANCE JEWISH EDUCATION.4) SUCH OTHER PURPOSES AS ARE RECOGNISED BY ENGLISH LAW AS CHARITABLE.
Financial health, per its FY2025 accounts
The accounts state that the charity is planned to wind up and dissolve within the next twelve months, having spent down its unrestricted funds from £1,932,785 to £1,334,000. The charity reported a net expenditure deficit of £598,785 for the year, funded by its existing cash reserves. The trustees confirm the charity remains solvent with no debts or material uncertainties despite the planned closure.
What the accounts disclose
“The trustees' reserves policy is to hold sufficient monies to fund the projects that the trustees believe will meet the charity's objectives.” — page 3
“The intention is that once the charity has spent all its funds the charity will be dissolved. The charity is expected to conclude its activities and wind up within the next twelve months from the date of this report.” — page 3
“Ms H Rook was paid clerk fees of £20,500 (2024: £20,000) and £534 (2024: £1,662) for the reimbursement of expenses during the year. There were no other related party transactions.” — page 13
Year-over-year changes
- Going concern: no going-concern doubt (FY2024) → not a going concern (FY2025).
Policies the charity declares
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Investing charity funds policy and procedures
- Serious incident reporting policy and procedures
- Trustee conflicts of interest policy and procedures
Trustees
- Anthony Levine
- Dr Simon Cohen
- Karen North
- MATTHEW JAMES WOOTLIFF
- Naomi Greenwood
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2025 | £57k | £656k |
| 31/12/2024 | £71k | £532k |
| 31/12/2023 | £10k | £245k |
| 31/12/2022 | £25k | £278k |
| 31/12/2021 | £10k | £16k |
Common questions
Is THE LEO AND BETTY GRUSS CHARITABLE TRUST financially healthy?
Per its FY2025 accounts: The accounts state that the charity is planned to wind up and dissolve within the next twelve months, having spent down its unrestricted funds from £1,932,785 to £1,334,000. The charity reported a net expenditure deficit of £598,785 for the year, funded by its existing cash reserves. The trustees confirm the charity remains solvent with no debts or material uncertainties despite the planned closure. Its FY2025 accounts were independently examined.