VIZNITZ LIMITED
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net income of £22,233 for the year ended 31 March 2024, bringing unrestricted reserves to £148,105. However, the trustees note that recent Ofsted inspections concluded the school's performance was inadequate, requiring ongoing work to ensure compliance. The charity relies on childcare fees and donations to fund its operations, with staff costs being the primary expenditure.
What the accounts disclose
“It is the charity's policy to maintain cash reserves at a level that will ensure the smooth-running of the school at all times.” — page 5
“The results of the inspection were inadequate. The trustees took measures to remedy the situation. Follow up visits concluded in May '22 and December '22 with a similar outcome. The most recent visit was in January '24 and the conclusion was also inadequate. The trustees are currently working with Ofsted to ensure full compliance with Ofsted requirements.”
Year-over-year changes
- Reserves position vs the charity's own policy moved from "below" (FY2023) to "within" (FY2024).
Structured financials (annual return, FY ending 31/03/2025)
Trustees
- Mordechai Kahan
- SAMUEL STEIN
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £702k | £742k |
| 31/03/2024 | £852k | £830k |
| 31/03/2023 | £972k | £974k |
| 31/03/2022 | £973k | £934k |
| 31/03/2021 | £885k | £958k |
Common questions
Is VIZNITZ LIMITED financially healthy?
The accounts state that the charity reported a net income of £22,233 for the year ended 31 March 2024, bringing unrestricted reserves to £148,105. However, the trustees note that recent Ofsted inspections concluded the school's performance was inadequate, requiring ongoing work to ensure compliance. The charity relies on childcare fees and donations to fund its operations, with staff costs being the primary expenditure. Its FY2024 accounts were independently examined.
Who funds VIZNITZ LIMITED?
Funders whose own accounts filings name VIZNITZ LIMITED as a grant recipient include JEG TRUST LIMITED.
Known funders
| Funder | Year | Amount |
|---|---|---|
| JEG TRUST LIMITED | FY2023 | £15k |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| GILMOOR BENEVOLENT FUND LIMITED | 2 | £387k |
| SF FOUNDATION | 2 | £213k |
| ZICHRON MEIR LIMITED | 2 | £210k |
| YAD SHLOMO TRUST | 2 | £130k |
| ELPOLD CHARITIES LIMITED | 2 | £72k |
| SHAAREI RACHAMIM LIMITED | 2 | £20k |
| ACHISOMOCH AID COMPANY LIMITED | 1 | £590k |
| KOLLEL AND CO LIMITED | 1 | £172k |