GEORGE ELIAS CHARITABLE TRUST
Latest income
£729k
Latest spending
£1.0m
Registered
1977
Accounts read
FY2023
Financial health, per its FY2023 accounts
The accounts state that unrestricted funds decreased from £1,317,453 to £1,036,289 due to charitable expenditure exceeding incoming resources. The trustees report that the charity maintains a reasonable level of reserves to preserve continuity of operations and mitigate the risk of potential lack of funding.
What the accounts disclose
Reserves policy: reasonable level of reserves (held: £1.0m)
“The charity maintains a reasonable level of reserves for if at any time in the future a donation opportunity may arise.” — page 4
Per its FY2023 accounts as filed with the Charity Commission.
Related-party transaction: Loan from David Elias
“Included within other creditors is a loan of f60, 000 (2022 - f120,000) from David Elias, who is related to the trustees. The loan from David Elias has no conditions attached and is repayable within a year with no interest to be charged.” — page 15
“Also included within other debtors is a loan of f600, 000 (2022 - f600, 000) to Wilbraham Trust Limited of which 6 E Elias is a trustee.” — page 15
Per its FY2023 accounts as filed with the Charity Commission.
Related-party transaction: Loan to Wilbraham Trust Limited
“Included within other creditors is a loan of f60, 000 (2022 - f120,000) from David Elias, who is related to the trustees. The loan from David Elias has no conditions attached and is repayable within a year with no interest to be charged.” — page 15
“Also included within other debtors is a loan of f600, 000 (2022 - f600, 000) to Wilbraham Trust Limited of which 6 E Elias is a trustee.” — page 15
Per its FY2023 accounts as filed with the Charity Commission.
Structured financials (annual return, FY ending 05/04/2025)
Total income
£729k
Total spending
£1.0m
Reserves (reported)
£739k
Employees
0
Trustees
- ERNEST CHARLES ELIAS
- STEPHEN EDWARD ELIAS
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 05/04/2025 | £729k | £1.0m |
| 05/04/2024 | £989k | £990k |
| 05/04/2023 | £740k | £1.0m |
| 05/04/2022 | £1.4m | £737k |
| 05/04/2021 | £60k | £494k |
Common questions
Is GEORGE ELIAS CHARITABLE TRUST financially healthy?
The accounts state that unrestricted funds decreased from £1,317,453 to £1,036,289 due to charitable expenditure exceeding incoming resources. The trustees report that the charity maintains a reasonable level of reserves to preserve continuity of operations and mitigate the risk of potential lack of funding. Its FY2023 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| SAMJO LIMITED | 1 | £904k |
| MOLE CHARITABLE TRUST | 1 | £95k |
| C E K STERN CHARITABLE TRUST | 1 | £35k |