EXTONGLEN LIMITED
Financial health, per its FY2024 accounts
The accounts state that the charity holds unrestricted funds of £11,088,314, a decrease from the previous year's £11,923,336, driven by net incoming resources of £(835,022) after charitable expenditures of £1,382,760. The trustees report that the group has adequate resources to continue in operational existence for the foreseeable future, with auditors confirming no material uncertainties regarding going concern.
What the accounts disclose
“It is the Charity’s policy to maintain sufficient reserves to ensure that it is in a position to continue its grant-making activities and to cover contingencies of additional calls being made upon the Charity for support of organisations or institutions in times of need. Consequently, the Trustees consider it appropriate to maintain ‘Free Reserves’ (unrestricted funds not committed or invested in Tangible Fixed Assets, Fixed Asset Investments or Loans to Subsidiary Undertakings) at a level which will not impinge on its ability to support Charitable Institutions.” — page 5
“Of the charitable donations paid during the year, c£1.35m was paid to support the activities of Kol Torah Limited (of which Mr Levine is a director) and its extensive Kol Haloshon programme of lectures and educational material made available by telephony and other means. All donations were paid to charitable institutions whose objects are in accordance with the objects of the charity.” — page 21
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- MEIR LEVINEchair
- Chaya LEVINE
- Jonathan David Grosberg
- Morris Levine
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £1.0m | £1.8m |
| 31/12/2023 | £475k | £1.9m |
| 31/12/2022 | £644k | £2.4m |
| 31/12/2021 | £956k | £2.9m |
| 31/12/2020 | £1.1m | £2.1m |
Common questions
Is EXTONGLEN LIMITED financially healthy?
The accounts state that the charity holds unrestricted funds of £11,088,314, a decrease from the previous year's £11,923,336, driven by net incoming resources of £(835,022) after charitable expenditures of £1,382,760. The trustees report that the group has adequate resources to continue in operational existence for the foreseeable future, with auditors confirming no material uncertainties regarding going concern. Its FY2024 accounts were audited by Cohen Arnold.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| KEREN ASSOCIATION LIMITED | 1 | £188k |
| BEIS MENACHEM CHABAD LUBAVITCH | 1 | £102k |
| CARLEE LTD | 1 | £50k |
| SIVA CHARITABLE FUND | 1 | £23k |
| MAYFAIR CHARITIES LIMITED | 1 | £21k |
| YESHIVAS LUBAVITCH MANCHESTER | 1 | £20k |