CHALFORDS LIMITED
Financial health, per its FY2024 accounts
The accounts state that total unrestricted reserves stood at £58,709,391, a decrease from the previous year's £63,591,910, driven by a net expenditure of £4,882,519 against investment income of £4,447,022. The trustees confirm the financial position is satisfactory and that there are no material uncertainties regarding the charity's ability to continue as a going concern. The charity holds significant investment property assets valued at £74,285,130, secured by bank loans of £18,450,000.
What the accounts disclose
“It is the policy of the charity to maintain unrestricted funds at a level which the trustees think appropriate after considering the future commitments of the charity and the likely costs of the charity for the next year.” — page 6
“Amounts owed by group undertakings relates to a loan of £255,822 due from Newray (London) Limited. There were no other related party transactions during the year that require disclosure.” — page 27
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- IRWIN LEO WEILERchair
- Joshua Weiler
- MISS RIKI WEILER
- MR A WEILER
- MR M WEILER
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £4.4m | £7.7m |
| 31/12/2023 | £4.2m | £3.6m |
| 31/12/2022 | £4.1m | £6.8m |
| 31/12/2021 | £3.1m | £2.9m |
| 31/12/2020 | £5.0m | £3.8m |
Common questions
Is CHALFORDS LIMITED financially healthy?
The accounts state that total unrestricted reserves stood at £58,709,391, a decrease from the previous year's £63,591,910, driven by a net expenditure of £4,882,519 against investment income of £4,447,022. The trustees confirm the financial position is satisfactory and that there are no material uncertainties regarding the charity's ability to continue as a going concern. The charity holds significant investment property assets valued at £74,285,130, secured by bank loans of £18,450,000. Its FY2024 accounts were audited by Cohen Arnold.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| ACHISOMOCH AID COMPANY LIMITED | 1 | £132k |
| THE GERTNER CHARITABLE TRUST | 1 | £15k |
| KKMG | 1 | £5k |