EVELAND LIMITED
Financial health, per its FY2024 accounts
The accounts state that the charity incurred a deficit of £234,255 for the year ended 31 March 2024, with total resources expended significantly exceeding incoming resources. Per the trustees' report, unrestricted funds decreased from £2,197,750 to £1,963,495, though the charity maintains a substantial property portfolio valued at £996,863. The trustees believe that investment assets are sufficient to support the charity's needs and that there are no material uncertainties regarding its ability to continue as a going concern.
What the accounts disclose
“The charity's policy is based upon the application within each period of a significant proportion of such unrestricted funds as are available whilst at the same time building up its income producing base.” — page 5
“The charity owns the entire issued share capital of Lencity Limited and Arogol Limited, both being property dealing and investment companies. The taxable profits of the subsidiaries are donated to the charity.” — page 16
“The charity owns the entire issued share capital of Lencity Limited and Arogol Limited, both being property dealing and investment companies.” — page 16
Trustees
- Goldi Jacobowitz
- Henia Schwartz
- Moshe Grosz
- YECHIEL STEINMETZ
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £348k | £411k |
| 31/03/2024 | £342k | £576k |
| 31/03/2023 | £268k | £336k |
| 31/03/2022 | £495k | £432k |
| 31/03/2021 | £479k | £213k |
Common questions
Is EVELAND LIMITED financially healthy?
The accounts state that the charity incurred a deficit of £234,255 for the year ended 31 March 2024, with total resources expended significantly exceeding incoming resources. Per the trustees' report, unrestricted funds decreased from £2,197,750 to £1,963,495, though the charity maintains a substantial property portfolio valued at £996,863. The trustees believe that investment assets are sufficient to support the charity's needs and that there are no material uncertainties regarding its ability to continue as a going concern. Its FY2024 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| Grand Belz Ltd. | 1 | £406k |
| BELZ FOUNDATION LTD | 1 | £311k |
| YEDIDIM ASSOCIATION LTD | 1 | £209k |
| BOURNEHEIGHTS LIMITED | 1 | £182k |
| AMABRILL LTD | 1 | £150k |
| CML - CHEVRAS MO'OZ LADOL | 1 | £117k |
| THE TALMUD TORAH MACHZIKEI HADASS TRUST | 1 | £102k |
| DELAPAGE LIMITED | 1 | £100k |