OY FOUNDATION
Financial health, per its FY2024 accounts
The accounts state that the charity distributed all its income during the year, resulting in a net expenditure of £7,918 and a decrease in unrestricted reserves from £16,127 to £8,209. The trustees note that while current free reserves are low, they are satisfied this is acceptable given the nature of revenue receipts against grants payable. The charity has no stated reserves policy target and aims to hold more reserves in the future.
What the accounts disclose
Trustees
- SAMUEL JACOB WINEGARTENchair
- CHAIM DAVIS
- YAKOV DAVIS
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £114k | £101k |
| 31/03/2024 | £98k | £106k |
| 31/03/2023 | £120k | £105k |
| 31/03/2022 | £78k | £82k |
| 31/03/2021 | £105k | £98k |
Common questions
Is OY FOUNDATION financially healthy?
The accounts state that the charity distributed all its income during the year, resulting in a net expenditure of £7,918 and a decrease in unrestricted reserves from £16,127 to £8,209. The trustees note that while current free reserves are low, they are satisfied this is acceptable given the nature of revenue receipts against grants payable. The charity has no stated reserves policy target and aims to hold more reserves in the future. Its FY2024 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| DEBMAR BENEVOLENT TRUST LIMITED | 2 | £720k |
| NNS FOUNDATION | 1 | £126k |
| BEIS MENACHEM CHABAD LUBAVITCH | 1 | £102k |
| RNH SYNAGOGUE & COLLEGE LTD | 1 | £75k |
| STARLOW CHARITIES LIMITED | 1 | £70k |
| YESHIVAS LUBAVITCH MANCHESTER | 1 | £20k |
| PARKLAKE CHARITY TRUST | 1 | £2k |