Joseph Toomey Charitable Foundation
The charity supports elderly persons through the provision of affordable home ownership and associated services to address their needs.
Financial health, per its FY2024 accounts
The accounts state that unrestricted reserves stood at £460,241 at the period end, representing an increase from the previous year's £419,276. The charity reported total income of £152,647 and charitable expenditure of £111,682, resulting in a net surplus for the year. The Trustees confirmed that the level of reserves held is sufficient for the company's future plans and that there are no material uncertainties regarding its ability to continue as a going concern.
What the accounts disclose
“The charity operates a reserve policy to ensure that sufficient funds are held for committed charitable expenditure and operational costs. Unrestricted reserves of £460,241 are held at the period end.” — page 3
“The fixed asset investment relates to the share capital held by the charity of MJT Securities Limited. This investment constitutes 100% of the ordinary share capital of MJT Securities Limited.” — page 19
Trustees
- Caroline Griffiths
- Charles Alexander Cross
- Daniel Martine
- Eleanor Rose Toomey
- Ian Cain LLB.
- Joanne Cross
- Jonathan Brook
- Joseph Toomey
- Matthew Williams
- Patricia Toomey
- Paul Plant
- Steven Decelis
- The Right Reverend Alan Williams SM
- Thomas Anthony Griffiths
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2025 | £108k | £28k |
| 31/12/2024 | £153k | £112k |
| 31/12/2023 | £17 | £61k |
| 31/12/2022 | £253k | £25k |
| 31/12/2021 | £261k | £0 |
Common questions
Is Joseph Toomey Charitable Foundation financially healthy?
Per its FY2024 accounts: The accounts state that unrestricted reserves stood at £460,241 at the period end, representing an increase from the previous year's £419,276. The charity reported total income of £152,647 and charitable expenditure of £111,682, resulting in a net surplus for the year. The Trustees confirmed that the level of reserves held is sufficient for the company's future plans and that there are no material uncertainties regarding its ability to continue as a going concern. Its FY2024 accounts were audited by MHA.