MW (HO) FOUNDATION
Financial health, per its FY2024 accounts
The accounts state that the charity generated a net income of £12,075 for the year, resulting in an increase in unrestricted funds to £1,956,479. The trustees consider the level of reserves, defined as net current assets, to be acceptable given the nature of revenue receipts against grants payable. The charity holds significant investment property assets valued at £891,488, contributing to its overall net assets of £1,956,479.
What the accounts disclose
“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
Structured financials (annual return, FY ending 30/11/2021)
Trustees
- DAVID OLSBERG
- HILARY OLSBERG
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £207k | £195k |
| 31/12/2023 | £135k | £444k |
| 30/11/2022 | £82k | £403k |
| 30/11/2021 | £518k | £600k |
| 30/11/2020 | £629k | £326k |
Common questions
Is MW (HO) FOUNDATION financially healthy?
The accounts state that the charity generated a net income of £12,075 for the year, resulting in an increase in unrestricted funds to £1,956,479. The trustees consider the level of reserves, defined as net current assets, to be acceptable given the nature of revenue receipts against grants payable. The charity holds significant investment property assets valued at £891,488, contributing to its overall net assets of £1,956,479. Its FY2024 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| DEBMAR BENEVOLENT TRUST LIMITED | 3 | £910k |
| DILLHAVEN LIMITED | 1 | £71k |
| SHEMTOV CHARITABLE TRUST | 1 | £25k |
| J & J CHARITABLE TRUST LIMITED | 1 | £17k |
| KTRUST LIMITED | 1 | £12k |
| PARKLAKE CHARITY TRUST | 1 | £5k |