THE EQUITIX FOUNDATION
The charity makes grants to other organisations for charitable purposes.
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net expenditure of £5,458 for the year, resulting in unrestricted funds of £1,175 at year-end. The trustees note that the charity relies on financial support from Equitix to meet liabilities and continue in existence for the foreseeable future. Per the trustees' report, the level of reserves is reviewed periodically to ensure it reflects current developments, though no specific policy target is stated.
What the accounts disclose
“The trustees have confirmed that Equitix will continue to give financial support to the charity and including year end liabilities will be met to continue in existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the annual financial statements.” — page 9
“During the year, a donation of £2,038 (2023: £13,933) was made by Equitix Infrastructure Investments Ltd. One of the trustees, H B Crossley is a director of this company.” — page 13
“During the year, donations totalling £149,899 (2023: £70,504) were made by Equitix Ltd. One of the trustees, H B Crossley is a director of this company.” — page 13
“During the year, a donation of £2,038 (2023: £13,933) was made by Equitix Infrastructure Investments Ltd. One of the trustees, H B Crossley is a director of this company.” — page 13
“During the year, donations totalling £149,899 (2023: £70,504) were made by Equitix Ltd. One of the trustees, H B Crossley is a director of this company.” — page 13
Year-over-year changes
- Going concern: no going-concern doubt (FY2023) → going-concern doubt noted (FY2024).
Trustees
- Hugh Barnabas Crossleychair
- David Rose
- Geoffrey Allan Jackson
- Greg Wadsworth
- Michael Andrew Bryan
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 30/06/2025 | £207k | £208k |
| 30/06/2024 | £259k | £252k |
| 30/06/2023 | £185k | £191k |
| 30/06/2022 | £0 | £0 |
Common questions
Is THE EQUITIX FOUNDATION financially healthy?
Per its FY2024 accounts: The accounts state that the charity reported a net expenditure of £5,458 for the year, resulting in unrestricted funds of £1,175 at year-end. The trustees note that the charity relies on financial support from Equitix to meet liabilities and continue in existence for the foreseeable future. Per the trustees' report, the level of reserves is reviewed periodically to ensure it reflects current developments, though no specific policy target is stated. Its FY2024 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| DEBMAR BENEVOLENT TRUST LIMITED | 1 | £314k |
| BEIS MENACHEM CHABAD LUBAVITCH | 1 | £183k |
| ACHISOMOCH AID COMPANY LIMITED | 1 | £145k |
| E AND E KERNKRAUT CHARITIES LIMITED | 1 | £78k |
| BELLJOE TZEDOKO LIMITED | 1 | £68k |
| YESHIVAS LUBAVITCH MANCHESTER | 1 | £20k |
| BORBAT LIMITED | 1 | £14k |
| THE ALBERT GUBAY CHARITABLE FOUNDATION | 1 | £12k |
Charities like this
- YAD VEACHISOMOCH L'CHAIM
- THE FOCUS FOUNDATION
- THE EQUINOXE TRUST
- THE LATIF FOUNDATION
- A T.I.M.E. LIMITED
- FOUX FOUNDATION
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| THE EQUITIX FOUNDATION | £207k | — | 0 | unclear | — | noted |
| YAD VEACHISOMOCH L'CHAIM | £834k | — | 0 | unclear | — | no doubt |
| THE FOCUS FOUNDATION | £1.6m | — | 0 | unclear | 4.0% | no doubt |
| THE EQUINOXE TRUST | £785k | — | 0 | unclear | — | no doubt |
| THE LATIF FOUNDATION | £207k | — | 0 | unclear | — | no doubt |
| A T.I.M.E. LIMITED | £996k | — | 0 | below | — | no doubt |