THE DONALD GORDON SECOND FOUNDATION
Financial health, per its FY2025 accounts
The accounts state that unrestricted reserves increased to £99.91m from £94.37m in the prior year, supported by net investment income of £2.74m and net gains of £4.39m. The charity deployed £1.61m in charitable allocations and maintains a reserve policy framework to safeguard against unexpected financial challenges. The trustees and auditors confirm the foundation has adequate resources to continue in operational existence for the foreseeable future.
What the accounts disclose
“There were no employees whose annual remuneration was more than £60,000.” — page 16
“The Foundation incurred £21,882 (2024: £24,794) for administration services provided by Stonehage Fleming Financial Services (Pty) Ltd. The nominee for a Trustee is an employee of Stonehage Fleming Financial Services (Pty) Ltd.” — page 18
“Additionally, during the year the Foundation incurred costs of £73,188 (2024: £23,523) for adminstrative services provided by Exmoor Fiduciary Limited, a company of which trustee A Sternberg is a director.” — page 18
“The Foundation incurred £21,882 (2024: £24,794) for administration services provided by Stonehage Fleming Financial Services (Pty) Ltd. The nominee for a Trustee is an employee of Stonehage Fleming Financial Services (Pty) Ltd.” — page 18
“Additionally, during the year the Foundation incurred costs of £73,188 (2024: £23,523) for adminstrative services provided by Exmoor Fiduciary Limited, a company of which trustee A Sternberg is a director.” — page 18
“The Foundation incurred £21,882 (2024: £24,794) for administration services provided by Stonehage Fleming Financial Services (Pty) Ltd. The nominee for a Trustee is an employee of Stonehage Fleming Financial Services (Pty) Ltd.” — page 18
“Additionally, during the year the Foundation incurred costs of £73,188 (2024: £23,523) for adminstrative services provided by Exmoor Fiduciary Limited, a company of which trustee A Sternberg is a director.” — page 18
Structured financials (annual return, FY ending 28/02/2025)
Trustees
- ANTON STERNBERG
- Graeme Gordon
- HYLTON IRA APPELBAUM
- Michael Abraham Abel
- Nicholas James Appelbaum
- Susan Hode Tager
- Terra Nova Trustees (Pty) Limited
- Wendy Appelbaum
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 28/02/2025 | £3.2m | £2.1m |
| 29/02/2024 | £3.5m | £1.2m |
| 28/02/2023 | £94.9m | £14k |
| 28/02/2022 | £3k | £6k |
| 28/02/2021 | £6k | £3.0m |
Common questions
Is THE DONALD GORDON SECOND FOUNDATION financially healthy?
The accounts state that unrestricted reserves increased to £99.91m from £94.37m in the prior year, supported by net investment income of £2.74m and net gains of £4.39m. The charity deployed £1.61m in charitable allocations and maintains a reserve policy framework to safeguard against unexpected financial challenges. The trustees and auditors confirm the foundation has adequate resources to continue in operational existence for the foreseeable future. Its FY2025 accounts were audited by Azets Audit Services.
What does the highest-paid employee of THE DONALD GORDON SECOND FOUNDATION earn?
Per its FY2025 accounts, the highest-paid employee was in the Under £60,000 band.