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

THE DONALD GORDON THIRD FOUNDATION

Registered charity 1122870 · accounts filings on the Charity Commission register

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.

What the accounts disclose

Going concern: noted by the trustees or auditor
“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.

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

Total income
£1.7m
Total spending
£1.0m
Reserves (reported)
£6.5m
Employees
0

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

Trustees

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

Operates in: South Africa

Income and spending

Financial year endIncomeSpending
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?

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.

FunderSimilar charities fundedAmount to them
C S KAUFMAN CHARITABLE TRUST1£71k
MOSDOS HATORAH PNEI MENACHEM LTD1£40k

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