THE ABC TRUST
Financial health, per its FY2024 accounts
The accounts state that unrestricted funds decreased from £1,426,608 to £1,191,712 due to a net expenditure of £234,896, largely driven by charitable grants of £3,892,308. The charity holds significant long-term liabilities of £1,371,811 secured against its freehold property, while maintaining positive net current assets of £298,963. Per the trustees' report, the charity has received further donations after the period end to continue its activities.
What the accounts disclose
“It is the policy of the charity to maintain Unrestricted Funds at a level which the trustees think appropriate after considering the future commitments of the charity and the likely costs of the charity for the next year.” — page 5
“Donations received include amounts aggregating £122,500 from The Netzach Charitable Trust, a charity which has a trustee in common with the charity.” — page 25
“Expenditure on charitable activities includes a donation of £6,100 paid to The Union Of Orthodox Hebrew Congregations which has a trustee in common with the charity.” — page 25
“Donations received include amounts aggregating £122,500 from The Netzach Charitable Trust, a charity which has a trustee in common with the charity.” — page 25
“Expenditure on charitable activities includes a donation of £6,100 paid to The Union Of Orthodox Hebrew Congregations which has a trustee in common with the charity.” — page 25
“Donations received include amounts aggregating £122,500 from The Netzach Charitable Trust, a charity which has a trustee in common with the charity.” — page 25
“Expenditure on charitable activities includes a donation of £6,100 paid to The Union Of Orthodox Hebrew Congregations which has a trustee in common with the charity.” — page 25
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- JACOB JAKOBOVITS
- JOSEPH PANETH
- MR CHAIM SOLOMON GOLDMAN
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £3.9m | £4.1m |
| 31/12/2023 | £4.6m | £4.6m |
| 31/12/2022 | £5.1m | £5.1m |
| 30/06/2021 | £2.4m | £2.1m |
| 30/06/2020 | £3.3m | £3.4m |
Common questions
Is THE ABC TRUST financially healthy?
The accounts state that unrestricted funds decreased from £1,426,608 to £1,191,712 due to a net expenditure of £234,896, largely driven by charitable grants of £3,892,308. The charity holds significant long-term liabilities of £1,371,811 secured against its freehold property, while maintaining positive net current assets of £298,963. Per the trustees' report, the charity has received further donations after the period end to continue its activities. Its FY2024 accounts were audited by Cohen Arnold.
Who funds THE ABC TRUST?
Funders whose own accounts filings name THE ABC TRUST as a grant recipient include GERSON BERGER ASSOCIATION LIMITED, WYCHDALE LIMITED, NUCHEM AND REISEL SCHLAFF MEMORIAL FUND LIMITED, GILMOOR BENEVOLENT FUND LIMITED, ACHISOMOCH AID COMPANY LIMITED.
Known funders
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| SAMJO LIMITED | 1 | £904k |
| KEREN ASSOCIATION LIMITED | 1 | £188k |
| MOLE CHARITABLE TRUST | 1 | £95k |
| CARLEE LTD | 1 | £50k |
| SIVA CHARITABLE FUND | 1 | £23k |