THE DONALD GORDON THIRD FOUNDATION

Registered charity 1122870 · accounts filings on the Charity Commission register

Scientific, medical and technological research and education; relief of poverty; promotion and support of the arts

Causes: General Charitable Purposes · The Advancement Of Health Or Saving Of Lives · The Prevention Or Relief Of Poverty · Arts/culture/heritage/science · Grant history (this charity is a funder) · Get email alerts

Latest income

£1.7m

Latest spending

£1.0m

Registered

2008

Accounts read

FY2025

Financial health, per its FY2025 accounts

The accounts state that unrestricted reserves stood at ZAR152.4m, an increase from ZAR136.3m the prior year, driven by investment income and donations. However, the financial statements are not prepared on a going concern basis due to the Trustees' intention to transfer assets to another charity and dissolve the Foundation. The auditor issued a qualified opinion regarding the valuation of an investment property donated to the charity.

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

What the accounts disclose

Going concern: accounts NOT prepared on a going-concern basis (closing, merging or winding up)

“Therefore these accounts are not prepared on a going concern basis. The going concern and break up basis are not considered to be materially different as the assets and liabilties will be transferred at book value.”

Per its FY2025 accounts as filed with the Charity Commission.

Related-party transaction: Administration services provided by Stonehage Fleming Financial Services (Pty) Ltd, where a trustee nominee is an employee.

“The Foundation incurred ZAR 258,871 (2024: ZAR 69,752) 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 20

“During the year the Foundation incurred costs of ZAR 497,879 (2024: ZAR 50,279) for adminstrative services provided by Exmoor Fiduciary Limited, a company of which trustee A Sternberg is a director.” — page 20

Per its FY2025 accounts as filed with the Charity Commission.

Related-party transaction: Administrative services provided by Exmoor Fiduciary Limited, a company of which trustee A Sternberg is a director.

“The Foundation incurred ZAR 258,871 (2024: ZAR 69,752) 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 20

“During the year the Foundation incurred costs of ZAR 497,879 (2024: ZAR 50,279) for adminstrative services provided by Exmoor Fiduciary Limited, a company of which trustee A Sternberg is a director.” — page 20

Per its FY2025 accounts as filed with the Charity Commission.

Accounts audited by Azets Audit Services. Discloses 3 of 6 completeness components.

Year-over-year changes

Going concern: no going-concern doubt (FY2024) → not a going concern (FY2025).

Comparing this charity’s FY2024 and FY2025 accounts as analysed by this site.

Structured financials (annual return, FY ending 28/02/2025)

Total income

£1.7m

Total spending

£1.0m

Reserves (reported)

£6.5m

Employees

Reported reserves equal ~75.2 months of spending — in the top quarter for charities its size (median 4.8 months; benchmarks).

Per its annual return, cost of raising funds: 0.0% of total income — below the median for charities its size (5.2%) (benchmarks).

Trustees · trustee networks

ANTON STERNBERG · trustee of 3 other charities
Graeme Gordon · trustee of 1 other charity
HYLTON IRA APPELBAUM · trustee of 1 other charity
Michael Abraham Abel · trustee of 1 other charity
Nicholas James Appelbaum · trustee of 1 other charity
Susan Hode Tager · trustee of 1 other charity
Terra Nova Trustees (Pty) Limited
Wendy Appelbaum · trustee of 1 other charity

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

Operates in: South Africa

Income and spending

Financial year end	Income	Spending
28/02/2025	£1.7m	£1.0m
29/02/2024	£334k	£375k
28/02/2023	£7.0m	£17k
28/02/2022	£6k	£9k
28/02/2021	£3k	£3k

Common questions

Is THE DONALD GORDON THIRD FOUNDATION financially healthy?

Per its FY2025 accounts: The accounts state that unrestricted reserves stood at ZAR152.4m, an increase from ZAR136.3m the prior year, driven by investment income and donations. However, the financial statements are not prepared on a going concern basis due to the Trustees' intention to transfer assets to another charity and dissolve the Foundation. The auditor issued a qualified opinion regarding the valuation of an investment property donated to the charity. Its FY2025 accounts were audited by Azets Audit Services.

Funders of similar charities

Funders whose accounts show grants to charities similar to this one (and no recorded grant to this charity) — a starting list for fundraisers.

Funder	Similar charities funded	Amount to them
C S KAUFMAN CHARITABLE TRUST	1	£71k
MOSDOS HATORAH PNEI MENACHEM LTD	1	£40k
KEREN ASSOCIATION LIMITED	1	£10k

Charities like this

Semantically similar by activities and financial character, from our analysed corpus. Compare with THE DONALD GORDON SECOND FOUNDATION.

THE DONALD GORDON SECOND FOUNDATION income £3.2m
STANFORD FOUNDATION (UK) LIMITED income £1.0m
THE REED FOUNDATION income £2.3m
THE GOODMAN FOUNDATION income £4.7m
THE ZOCHONIS CHARITABLE TRUST income £2.3m
THE TOMPKINS FOUNDATION income £397k

Side by side with its peers

Charity	Income	Top pay band	Staff >£60k	Reserves vs policy	Fundraising cost	Going concern
THE DONALD GORDON THIRD FOUNDATION	£1.7m	—	0	unclear	—	not going concern
THE DONALD GORDON SECOND FOUNDATION FY2025	£3.2m	Under £60,000	0	unclear	—	no doubt
STANFORD FOUNDATION (UK) LIMITED FY2025	£1.0m	—	0	above	—	no doubt
THE REED FOUNDATION FY2024	£2.3m	—	0	unclear	—	no doubt
THE GOODMAN FOUNDATION FY2026	£4.7m	—	—	unclear	—	no doubt
THE ZOCHONIS CHARITABLE TRUST FY2025	£2.3m	—	0	above	—	no doubt

Each row is that charity’s latest analysed filing; every value is quote-backed on its own page.