MW (RH) FOUNDATION
Latest income
£1.1m
Latest spending
£1.8m
Registered
2010
Accounts read
FY2024
Financial health, per its FY2024 accounts
The charity reported a net expenditure of £400,354 for the year, resulting in a decrease in total unrestricted funds from £7,667,796 to £7,267,442. Free reserves, defined by the trustees as net current assets, stood at £1,181,731, which the trustees consider an acceptable level given the nature of revenue receipts against grants payable. The auditor confirmed that the use of the going concern basis of accounting is appropriate with no material uncertainties identified.
What the accounts disclose
Reserves policy: the current assets of the charity (held: £1.2m)
“In considering the financial obligations of the charity, the trustees have resolved to maintain a minimum reserve, being the current assets of the charity.” — page 7
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Donated income from Debmar Benevolent Trust
“£68,000 of donated income for the year came from Debmar Benevolent Trust and £150,000 from J&R Holdings Limited. Included in other debtors is £94,500 owed by The Jayrose Charitable Trust. Included in other creditors is £23,944 owing to J&R Assets Limited, £7,000 owing to J&R Assets (2) Limited and £108,992 owing to J&R Holdings Limited. The above loans are interest free.” — page 28
“£68,000 of donated income for the year came from Debmar Benevolent Trust and £150,000 from J&R Holdings Limited. Included in other debtors is £94,500 owed by The Jayrose Charitable Trust. Included in other creditors is £23,944 owing to J&R Assets Limited, £7,000 owing to J&R Assets (2) Limited and £108,992 owing to J&R Holdings Limited. The above loans are interest free.” — page 28
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Donated income from J&R Holdings Limited
“£68,000 of donated income for the year came from Debmar Benevolent Trust and £150,000 from J&R Holdings Limited. Included in other debtors is £94,500 owed by The Jayrose Charitable Trust. Included in other creditors is £23,944 owing to J&R Assets Limited, £7,000 owing to J&R Assets (2) Limited and £108,992 owing to J&R Holdings Limited. The above loans are interest free.” — page 28
“£68,000 of donated income for the year came from Debmar Benevolent Trust and £150,000 from J&R Holdings Limited. Included in other debtors is £94,500 owed by The Jayrose Charitable Trust. Included in other creditors is £23,944 owing to J&R Assets Limited, £7,000 owing to J&R Assets (2) Limited and £108,992 owing to J&R Holdings Limited. The above loans are interest free.” — page 28
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Debt owed by The Jayrose Charitable Trust
“£68,000 of donated income for the year came from Debmar Benevolent Trust and £150,000 from J&R Holdings Limited. Included in other debtors is £94,500 owed by The Jayrose Charitable Trust. Included in other creditors is £23,944 owing to J&R Assets Limited, £7,000 owing to J&R Assets (2) Limited and £108,992 owing to J&R Holdings Limited. The above loans are interest free.” — page 28
“£68,000 of donated income for the year came from Debmar Benevolent Trust and £150,000 from J&R Holdings Limited. Included in other debtors is £94,500 owed by The Jayrose Charitable Trust. Included in other creditors is £23,944 owing to J&R Assets Limited, £7,000 owing to J&R Assets (2) Limited and £108,992 owing to J&R Holdings Limited. The above loans are interest free.” — page 28
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Creditors owed to J&R Assets Limited
“£68,000 of donated income for the year came from Debmar Benevolent Trust and £150,000 from J&R Holdings Limited. Included in other debtors is £94,500 owed by The Jayrose Charitable Trust. Included in other creditors is £23,944 owing to J&R Assets Limited, £7,000 owing to J&R Assets (2) Limited and £108,992 owing to J&R Holdings Limited. The above loans are interest free.” — page 28
“£68,000 of donated income for the year came from Debmar Benevolent Trust and £150,000 from J&R Holdings Limited. Included in other debtors is £94,500 owed by The Jayrose Charitable Trust. Included in other creditors is £23,944 owing to J&R Assets Limited, £7,000 owing to J&R Assets (2) Limited and £108,992 owing to J&R Holdings Limited. The above loans are interest free.” — page 28
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Creditors owed to J&R Holdings Limited
“£68,000 of donated income for the year came from Debmar Benevolent Trust and £150,000 from J&R Holdings Limited. Included in other debtors is £94,500 owed by The Jayrose Charitable Trust. Included in other creditors is £23,944 owing to J&R Assets Limited, £7,000 owing to J&R Assets (2) Limited and £108,992 owing to J&R Holdings Limited. The above loans are interest free.” — page 28
“£68,000 of donated income for the year came from Debmar Benevolent Trust and £150,000 from J&R Holdings Limited. Included in other debtors is £94,500 owed by The Jayrose Charitable Trust. Included in other creditors is £23,944 owing to J&R Assets Limited, £7,000 owing to J&R Assets (2) Limited and £108,992 owing to J&R Holdings Limited. The above loans are interest free.” — page 28
Per its FY2024 accounts as filed with the Charity Commission.
Trading subsidiary: Colmac Assets Limited
“The charity has a 100% owned subsidiary called Colmac Assets Limited, which has a 1% holding in various commercial investment properties held by the charity.” — page 18
Per its FY2024 accounts as filed with the Charity Commission.
Structured financials (annual return, FY ending 30/11/2024)
Total income
£1.1m
Total spending
£1.8m
Cost of raising funds
£688k
Reserves (reported)
£7.3m
Employees
0
Trustees
- ROSALIND HALPERNchair
- JACOB HALPERN
- abraham halpern
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 30/11/2024 | £1.1m | £1.8m |
| 30/11/2023 | £1.5m | £1.4m |
| 30/11/2022 | £1.3m | £1.2m |
| 30/11/2021 | £1.7m | £1.2m |
| 30/11/2020 | £1.2m | £783k |
Common questions
Is MW (RH) FOUNDATION financially healthy?
The charity reported a net expenditure of £400,354 for the year, resulting in a decrease in total unrestricted funds from £7,667,796 to £7,267,442. Free reserves, defined by the trustees as net current assets, stood at £1,181,731, which the trustees consider an acceptable level given the nature of revenue receipts against grants payable. The auditor confirmed that the use of the going concern basis of accounting is appropriate with no material uncertainties identified. Its FY2024 accounts were audited by Haffner Hoff Auditors Ltd.
Who funds MW (RH) FOUNDATION?
Funders whose own accounts filings name MW (RH) FOUNDATION as a grant recipient include DEBMAR BENEVOLENT TRUST LIMITED.
Known funders
| Funder | Year | Amount |
|---|---|---|
| DEBMAR BENEVOLENT TRUST LIMITED | FY2023 | £359k |
| DEBMAR BENEVOLENT TRUST LIMITED | FY2025 | £106k |
| DEBMAR BENEVOLENT TRUST LIMITED | FY2024 | £65k |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE BRITISH DIABETIC ASSOCIATION | 1 | £184k |
| BEIS MENACHEM CHABAD LUBAVITCH | 1 | £102k |
| BRITISH HEART FOUNDATION | 1 | £100k |
| THE HEALTH FOUNDATION | 1 | £100k |
| Arthritis UK | 1 | £97k |
| PROSTATE CANCER UK | 1 | £76k |
| RNH SYNAGOGUE & COLLEGE LTD | 1 | £75k |
| THE JEAN SHANKS FOUNDATION | 1 | £25k |