MW (GK) FOUNDATION
Financial health, per its FY2024 accounts
The accounts state that the charity incurred an overall net expenditure of £53,093 for the year, resulting in a decrease in total unrestricted funds from £2,518,797 to £2,465,704. The trustees report that free reserves (net current assets) stand at £52,663, which they consider an acceptable level given the nature of revenue receipts against grants payable. The charity is not dependent on any single source of ongoing operational funding as it holds significant investment property assets valued at £2,413,041.
What the accounts disclose
“No employee received employee benefits of more than £60,000 during the year (2023: Nil).” — page 17
“the trustees have resolved to maintain a minimum reserve, being the current assets of the charity.”
“No remuneration or other benefits from employment with the charity or a related entity were received by the trustees.” — page 18
“All the donated income for the year came from one or more of the above companies.” — page 20
“During the year MW (GK) Foundation paid grants totalling £8,000 to Chasdei Devorah.”
“All the donated income for the year came from one or more of the above companies.” — page 20
“During the year MW (GK) Foundation paid grants totalling £8,000 to Chasdei Devorah.”
“All the donated income for the year came from one or more of the above companies.” — page 20
“During the year MW (GK) Foundation paid grants totalling £8,000 to Chasdei Devorah.”
Corporate structure
- Registered company of the charity Companies House 07073393
Trustees
- GELLA BRAINA KLEINchair
- SHLOMO KLEIN
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 30/11/2024 | £244k | £372k |
| 30/11/2023 | £220k | £484k |
| 30/11/2022 | £441k | £413k |
| 30/11/2021 | £236k | £425k |
| 30/11/2020 | £268k | £340k |
Common questions
Is MW (GK) FOUNDATION financially healthy?
The accounts state that the charity incurred an overall net expenditure of £53,093 for the year, resulting in a decrease in total unrestricted funds from £2,518,797 to £2,465,704. The trustees report that free reserves (net current assets) stand at £52,663, which they consider an acceptable level given the nature of revenue receipts against grants payable. The charity is not dependent on any single source of ongoing operational funding as it holds significant investment property assets valued at £2,413,041. Its FY2024 accounts were independently examined.
What does the highest-paid employee of MW (GK) FOUNDATION earn?
Per its FY2024 accounts, the highest-paid employee was in the Under £60,000 band.
Who funds MW (GK) FOUNDATION?
Funders whose own accounts filings name MW (GK) FOUNDATION as a grant recipient include DEBMAR BENEVOLENT TRUST LIMITED.
Known funders
| Funder | Year | Amount |
|---|---|---|
| DEBMAR BENEVOLENT TRUST LIMITED | FY2025 | £66k |
| DEBMAR BENEVOLENT TRUST LIMITED | FY2024 | £65k |
| DEBMAR BENEVOLENT TRUST LIMITED | FY2023 | £59k |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| The Gerald and Gail Ronson Family Foundation | 1 | £200k |
| BEIS MENACHEM CHABAD LUBAVITCH | 1 | £102k |
| RNH SYNAGOGUE & COLLEGE LTD | 1 | £75k |
| MYISRAEL | 1 | £54k |
| YESHIVAS LUBAVITCH MANCHESTER | 1 | £20k |
| KEREN TRUST | 1 | £5k |
| PARKLAKE CHARITY TRUST | 1 | £2k |