THE MELOW CHARITABLE TRUST
Financial health, per its FY2024 accounts
The accounts state that the charity incurred a net expenditure of £250,703 for the year, resulting in a decrease in unrestricted funds from £10,457,237 to £10,206,534. The trustees report that the charity is dependent on the commercial activities of its subsidiary and voluntary donations from connected companies for its income. While the parent charity shows net current liabilities, the going concern basis is maintained due to continued support from related party creditors.
What the accounts disclose
“It is the policy of the charity to maintain unrestricted funds, which are the free reserves of the charity, at a level which the trustees think appropriate after considering the future commitments of the charity and the likely administrative costs of the charity for the next year.” — page 4
“Notwithstanding the net current liabilities in the parent charity, the financial statements have been prepared on a going concern basis given the continued support of the charity's main creditors, which are all related parties.” — page 17
“During the year, the Charity Group received donations of £10,000 (2023 £22,500) from ALRW Investments Limited, a company with close family connections to a director.” — page 26
“Trade creditors includes the sum of £18,607 (2023 £13,677) due to Amingham Limited, a company with a common director” — page 26
“During the year, the Charity Group received donations of £10,000 (2023 £22,500) from ALRW Investments Limited, a company with close family connections to a director.” — page 26
“Trade creditors includes the sum of £18,607 (2023 £13,677) due to Amingham Limited, a company with a common director” — page 26
“During the year, the Charity Group received donations of £10,000 (2023 £22,500) from ALRW Investments Limited, a company with close family connections to a director.” — page 26
“Trade creditors includes the sum of £18,607 (2023 £13,677) due to Amingham Limited, a company with a common director” — page 26
“The subsidiary undertaking, Lota Estates Limited, has a portfolio of investment properties and the group’s performance can be seen in the financial statements set out below.”
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- ABRAHAM LOW
- Miriam Spitz
- Rachel Weiss
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £1.0m | £1.3m |
| 31/12/2023 | £1.1m | £2.2m |
| 31/12/2022 | £1.4m | £1.0m |
| 31/12/2021 | £1.1m | £1.7m |
| 31/12/2020 | £1.2m | £1.1m |
Common questions
Is THE MELOW CHARITABLE TRUST financially healthy?
The accounts state that the charity incurred a net expenditure of £250,703 for the year, resulting in a decrease in unrestricted funds from £10,457,237 to £10,206,534. The trustees report that the charity is dependent on the commercial activities of its subsidiary and voluntary donations from connected companies for its income. While the parent charity shows net current liabilities, the going concern basis is maintained due to continued support from related party creditors. Its FY2024 accounts were audited by Glazers.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| DEBMAR BENEVOLENT TRUST LIMITED | 1 | £190k |
| E AND E KERNKRAUT CHARITIES LIMITED | 1 | £144k |
| BEIS MENACHEM CHABAD LUBAVITCH | 1 | £102k |
| MOUNDFIELD CHARITIES LIMITED | 1 | £76k |
| SHULEM B. ASSOCIATION LIMITED | 1 | £56k |
| SHAAREI RACHAMIM LIMITED | 1 | £40k |
| GERSON BERGER ASSOCIATION LIMITED | 1 | £33k |
| SF FOUNDATION | 1 | £33k |