FRIENDS OF WMSBG-KOLEL DAMESEK ELIEZER
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net expenditure of £591,541 for the year, resulting in a decrease in unrestricted funds from £1,707,973 to £1,116,432. The trustees note that the charity is dependent on income from investments and voluntary donations, and future activities are subject to satisfactory incoming resources. However, the trustees confirm there are no material uncertainties regarding the charity's ability to continue as a going concern.
What the accounts disclose
“It is the policy of the charity to maintain unrestricted funds, which are the free reserves of the charity, at a level which the trustees think appropriate after considering the future commitments of the charity and the likely administrative costs of the charity for the next year.” — page 6
“The charity's investment property is held by Alexander Swansea Limited which acts as bare trustee for Friends of WMSBG - Kolel Damesek Elieer and two other charities.” — page 6
Year-over-year changes
- Reserves position vs the charity's own policy moved from "within" (FY2023) to "above" (FY2024).
Structured financials (annual return, FY ending 31/01/2023)
Trustees
- JACOB SCHREIBER
- JOEL KESTENBAUM
- Rivka NIEDERMAN
- SARAH ROSENFELD
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/01/2025 | £414k | £609k |
| 31/01/2024 | £388k | £980k |
| 31/01/2023 | £730k | £522k |
| 31/01/2022 | £439k | £232k |
| 31/01/2021 | £588k | £201k |
Common questions
Is FRIENDS OF WMSBG-KOLEL DAMESEK ELIEZER financially healthy?
The accounts state that the charity reported a net expenditure of £591,541 for the year, resulting in a decrease in unrestricted funds from £1,707,973 to £1,116,432. The trustees note that the charity is dependent on income from investments and voluntary donations, and future activities are subject to satisfactory incoming resources. However, the trustees confirm there are no material uncertainties regarding the charity's ability to continue as a going concern. Its FY2024 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| UNITED TALMUDICAL ASSOCIATES LTD | 2 | £761k |
| MOUNDFIELD CHARITIES LIMITED | 2 | £412k |
| GILMOOR BENEVOLENT FUND LIMITED | 2 | £238k |
| UTRY | 2 | £101k |
| REIFER MEMORIAL LIMITED | 2 | £74k |
| SF FOUNDATION | 2 | £58k |
| NASOD CHARITABLE TRUST | 1 | £130k |
| THE JOSHUA TRUST | 1 | £70k |