MTT FOUNDATION
Financial health, per its FY2023 accounts
The accounts state that the charity held free reserves of £Nil at the year end, with unrestricted funds showing a deficit of £52,177. The trustees report that the charity has no going concern issues and is confident in raising sufficient funds to cover expenditure for the next twelve months. The charity holds significant tangible assets valued at £4,146,613, largely secured by bank loans.
What the accounts disclose
“The current policy of the charity is to distribute funds in furtherance of the objects of the charity. A bank balance is maintained to meet expenses as they fall due.” — page 4
“During the year, the charity received donations totalling £3,797 (2022: £732) from the Trustees, their family members and charities with common trustees.” — page 19
Structured financials (annual return, FY ending 31/12/2023)
Trustees
- HAROLD WIESENFELD
- LIPMAN BRENIG
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £487k | £537k |
| 31/12/2023 | £942k | £754k |
| 30/09/2022 | £323k | £279k |
| 30/09/2021 | £354k | £257k |
| 30/09/2020 | £344k | £259k |
Common questions
Is MTT FOUNDATION financially healthy?
The accounts state that the charity held free reserves of £Nil at the year end, with unrestricted funds showing a deficit of £52,177. The trustees report that the charity has no going concern issues and is confident in raising sufficient funds to cover expenditure for the next twelve months. The charity holds significant tangible assets valued at £4,146,613, largely secured by bank loans. Its FY2023 accounts were audited by Landau Morley LLP.
Who funds MTT FOUNDATION?
Funders whose own accounts filings name MTT FOUNDATION as a grant recipient include ACHISOMOCH AID COMPANY LIMITED, THE ESFANDI CHARITABLE FOUNDATION, THE EXEMPLAR TRUST, CHALFORDS LIMITED, THE RABBI MOSHE & LEAH DERMER FOUNDATION.
Known funders
| Funder | Year | Amount |
|---|---|---|
| ACHISOMOCH AID COMPANY LIMITED | FY2024 | £337k |
| THE ESFANDI CHARITABLE FOUNDATION | FY2024 | £130k |
| THE EXEMPLAR TRUST | FY2023 | £20k |
| CHALFORDS LIMITED | FY2022 | £19k |
| THE RABBI MOSHE & LEAH DERMER FOUNDATION | FY2025 | £9k |
| MOISHE AND ESTHER ITZINGER FOUNDATION LIMITED | FY2024 | £8k |
| SABENO LIMITED | FY2022 | £3k |
| GITTER FOUNDATION LTD | FY2021 | £700 |
| THE ESFANDI CHARITABLE FOUNDATION | FY2025 | £0 |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| YESODEY HATORAH SCHOOLS | 1 | £41k |
| STARLOW CHARITIES LIMITED | 1 | £10k |
| CHASDEI MENASHE MEIR | 1 | £8k |
| D & L TRUST FUND | 1 | £5k |
| KH D'SATMAR LTD | 1 | £4k |
| BAIS RIZHIN TRUST | 1 | £1k |
| MW (CL) FOUNDATION | 1 | £0 |