THE ELWYN THOMAS MEMORIAL FUND
To hold the net residuary estate of the late Mr Thomas Elwyn Thomas and the income thereof upon trust to pay, transfer or apply the same to or for the benefit of such of the Charities (listed at clause 8(a) of Mr Thomas' will) and if more than one in such shares and in such manner generally as the Trustees shall in their absolute discretion think fit.
Financial health, per its FY2024 accounts
The accounts state that the charity is winding up its operations, intending to dispose of all assets and distribute funds to beneficiaries by the end of 2025. Consequently, the financial statements have been prepared on a basis other than going concern. The charity holds unrestricted reserves of £3,401,054, which exceeds its stated policy target of sufficient cash to meet expenses and distributions within a twelve-month period.
What the accounts disclose
“The charity's policy is to have sufficient cash reserves to meets its expenses and distributions to potential beneficiaries within a twelve month period.” — page 4
“The charity is intending to dispose of all its assets and distribute funds to various beneficiaries by the end of 2025, in light of this the accounts have not been prepared on a going concern basis.” — page 5
Year-over-year changes
- Going concern: no going-concern doubt (FY2023) → not a going concern (FY2024).
Structured financials (annual return, FY ending 30/04/2021)
Trustees
- Andrew Edward Body
- GRAHAM IAN MURDOCH
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 30/04/2025 | — | — |
| 30/04/2024 | £156k | £22k |
| 30/04/2023 | £62k | £87k |
| 30/04/2022 | £105k | £4.0m |
| 30/04/2021 | £550k | £503k |
Common questions
Is THE ELWYN THOMAS MEMORIAL FUND financially healthy?
Per its FY2024 accounts: The accounts state that the charity is winding up its operations, intending to dispose of all assets and distribute funds to beneficiaries by the end of 2025. Consequently, the financial statements have been prepared on a basis other than going concern. The charity holds unrestricted reserves of £3,401,054, which exceeds its stated policy target of sufficient cash to meet expenses and distributions within a twelve-month period. Its FY2024 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE JD FOUNDATION | 1 | £561k |
| BEIS MENACHEM CHABAD LUBAVITCH | 1 | £183k |
| STARLOW CHARITIES LIMITED | 1 | £70k |
| GOLDHEART CHARITY LIMITED | 1 | £53k |
| YESHIVAS LUBAVITCH MANCHESTER | 1 | £20k |
| THE ALBERT GUBAY CHARITABLE FOUNDATION | 1 | £12k |
| WISEHEIGHTS LIMITED | 1 | £12k |
| DUCHY OF LANCASTER BENEVOLENT FUND | 1 | £5k |
Charities like this
- THE THOMAS FAMILY CHARITABLE TRUST
- YAD VEACHISOMOCH L'CHAIM
- TEHILOIS YOEL
- 1692
- TOIMCHEI SHABBOS MANCHESTER
- THE ELIEZER FOUNDATION
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| THE ELWYN THOMAS MEMORIAL FUND | £156k | — | 0 | unclear | — | not going concern |
| THE THOMAS FAMILY CHARITABLE TRUST | £946k | — | 0 | unclear | — | no doubt |
| YAD VEACHISOMOCH L'CHAIM | £834k | — | 0 | unclear | — | no doubt |
| TEHILOIS YOEL | £187k | — | 0 | unclear | — | no doubt |
| 1692 | £462k | — | 0 | within | — | no doubt |
| TOIMCHEI SHABBOS MANCHESTER | £752k | — | 0 | unclear | — | no doubt |