THE THERMOSAFE FOUNDATION
Financial health, per its FY2024 accounts
The accounts state that the charity reported a surplus of £118,660 for the year ended 31 July 2024, with unrestricted reserves increasing to £615,236. The trustees confirmed that these free reserves are adequate to meet the Foundation's objects and that the charity has adequate resources to continue in operational existence for the foreseeable future.
What the accounts disclose
“During the year the charity received donations totalling £235,510 (2023 - £204,934) from Mark and Janet Newton (trustees) and companies under their control.” — page 10
“Any travel expenses for the trustees were paid by LMK Thermosafe Limited, a company under the control of Mark and Janet Newton.”
“During the year the charity received donations totalling £235,510 (2023 - £204,934) from Mark and Janet Newton (trustees) and companies under their control.” — page 10
“Any travel expenses for the trustees were paid by LMK Thermosafe Limited, a company under the control of Mark and Janet Newton.”
Trustees
- MARK WILLIAM NEWTON BSC CENGchair
- JANET ANNE NEWTON
- Rev ALEX JOHN JACOB
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/07/2025 | £295k | £204k |
| 31/07/2024 | £245k | £126k |
| 31/07/2023 | £214k | £184k |
| 31/07/2022 | £208k | £80k |
| 31/07/2021 | £151k | £101k |
Common questions
Is THE THERMOSAFE FOUNDATION financially healthy?
The accounts state that the charity reported a surplus of £118,660 for the year ended 31 July 2024, with unrestricted reserves increasing to £615,236. The trustees confirmed that these free reserves are adequate to meet the Foundation's objects and that the charity has adequate resources to continue in operational existence for the foreseeable future. Its FY2024 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| ZOUQ FOUNDATION | 1 | — |
| SABEEL FOUNDATION | 1 | £424k |
| EPSOM AND EWELL ISLAMIC SOCIETY | 1 | £52k |
| THE DAKRI CHARITABLE TRUST | 1 | £4k |
| Indigent Welfare and Education Trust | 1 | £2k |
| THE CMA WELFARE TRUST | 1 | £2k |