Satmar Torah Trust Ltd
Financial health, per its FY2024 accounts
The accounts state that the charity generated a net surplus of £13,817 for the year, bringing unrestricted fund balances to £27,022. However, the trustees report a reserves policy of retaining only £2,000, which is significantly below the current unrestricted reserves. The going concern basis relies on the continued support of creditors who have committed to not seeking loan recovery if the charity's operation is compromised.
What the accounts disclose
“The trustees retain reserves of £2,000 and where appropriate, consolidate funds in order to enable the charity to meet future needs or to make more substantial grants which they feel to be appropriate.” — page 5
“The accounts have been prepared on a going concern basis as the directors have been assured of the continuing support from the company/charity's creditors. The trustees are confidant that these loans are indeed long term and the creditors are committed to not take any action for the recovery of these loans if the continued operation of the charity / company is compromised.” — page 5
Corporate structure
- Registered company of the charity Companies House 08445194
Trustees
- Berusch KRAUSZ
- Eliezer Weissman
- Yidel Weissman
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/01/2025 | £218k | £213k |
| 05/02/2024 | £175k | £159k |
| 31/01/2023 | £49k | £58k |
| 31/03/2022 | £72k | £51k |
| 31/03/2021 | £0 | £0 |
Common questions
Is Satmar Torah Trust Ltd financially healthy?
The accounts state that the charity generated a net surplus of £13,817 for the year, bringing unrestricted fund balances to £27,022. However, the trustees report a reserves policy of retaining only £2,000, which is significantly below the current unrestricted reserves. The going concern basis relies on the continued support of creditors who have committed to not seeking loan recovery if the charity's operation is compromised. Its FY2024 accounts were independently examined.
Who funds Satmar Torah Trust Ltd?
Funders whose own accounts filings name Satmar Torah Trust Ltd as a grant recipient include HOPEGROVE, CHASDEI SHLOMO.
Known funders
| Funder | Year | Amount |
|---|---|---|
| HOPEGROVE | FY2023 | £15k |
| CHASDEI SHLOMO | FY2025 | £10k |
| CHASDEI SHLOMO | FY2024 | £10k |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE UNION OF ORTHODOX HEBREW CONGREGATIONS | 2 | £26k |
| THE RABBI MOSHE & LEAH DERMER FOUNDATION | 2 | £10k |
| BOURNEHEIGHTS LIMITED | 1 | £305k |
| FOUNTAIN OF CHESSED LIMITED | 1 | £95k |
| INVESTREAM CHARITABLE TRUST | 1 | £83k |
| SF FOUNDATION | 1 | £65k |
| NES FOUNDATION LTD | 1 | £61k |
| NEWPIER CHARITY LIMITED | 1 | £60k |