ADENFIRST LIMITED
Financial health, per its FY2024 accounts
The accounts state that the charity holds unrestricted reserves of £6,164,582, which represents an increase from the previous year's £5,918,469. The trustees maintain that these funds are at a level they consider appropriate given future commitments, and the independent auditor confirmed there are no material uncertainties regarding the charity's ability to continue as a going concern.
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 4
“Other debtors include amounts of £285,778 (2023: £23,088) due from Itzchok Meyer Cymerman Trust Limited, a charity with trustees in common with this charity.” — page 21
“During the year, the following donations were made to charities which have trustees in common with the trustees of this charity; £8,000 to Colel Polen Kupath Ramban Limited, £10,000 to Dencommon Limited, £16,000 to Itzchok Meyer Cymerman Trust Limited, £59,000 to The M D & S Charitable Trust and £5,000 to Truemart Limited.” — page 21
“Other debtors include amounts of £285,778 (2023: £23,088) due from Itzchok Meyer Cymerman Trust Limited, a charity with trustees in common with this charity.” — page 21
“During the year, the following donations were made to charities which have trustees in common with the trustees of this charity; £8,000 to Colel Polen Kupath Ramban Limited, £10,000 to Dencommon Limited, £16,000 to Itzchok Meyer Cymerman Trust Limited, £59,000 to The M D & S Charitable Trust and £5,000 to Truemart Limited.” — page 21
“Other debtors include amounts of £285,778 (2023: £23,088) due from Itzchok Meyer Cymerman Trust Limited, a charity with trustees in common with this charity.” — page 21
“During the year, the following donations were made to charities which have trustees in common with the trustees of this charity; £8,000 to Colel Polen Kupath Ramban Limited, £10,000 to Dencommon Limited, £16,000 to Itzchok Meyer Cymerman Trust Limited, £59,000 to The M D & S Charitable Trust and £5,000 to Truemart Limited.” — page 21
Corporate structure
- Registered company of the charity Companies House 01864314
Trustees
- LEONARD HARRY BONDIchair
- Chaim Dovid Friedmann
- IAN HEITNER
- MRS H F BONDI
- Michael David Cymerman
- SARAH HEITNER
- Sylvia Cymerman
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £500k | £253k |
| 31/12/2023 | £350k | £414k |
| 31/12/2022 | £301k | £401k |
| 31/12/2021 | £290k | £244k |
| 31/12/2020 | £292k | £242k |
Common questions
Is ADENFIRST LIMITED financially healthy?
The accounts state that the charity holds unrestricted reserves of £6,164,582, which represents an increase from the previous year's £5,918,469. The trustees maintain that these funds are at a level they consider appropriate given future commitments, and the independent auditor confirmed there are no material uncertainties regarding the charity's ability to continue as a going concern. Its FY2024 accounts were audited by Cohen Arnold.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| BEIS MENACHEM CHABAD LUBAVITCH | 1 | £102k |
| DILLHAVEN LIMITED | 1 | £71k |
| YESHIVAS LUBAVITCH MANCHESTER | 1 | £20k |
| J & J CHARITABLE TRUST LIMITED | 1 | £17k |
| KTRUST LIMITED | 1 | £12k |