NEWPIER CHARITY LIMITED
Financial health, per its FY2025 accounts
The accounts state that the charity holds unrestricted funds of £(422,978), indicating net liabilities rather than positive free reserves. The trustees report no formal policy for maintaining a set level of reserves, preferring to hold cash to facilitate rapid investment opportunities. The auditor confirms the use of the going concern basis with no material uncertainties identified.
What the accounts disclose
“Other long term creditors include a loan from Ambertown International Ltd, a company registered in the British Virgin Islands, for £4,450,784. The trustee, Mr C Margulies is a director of the company. Additionally, there is a loan of £35,000 from Mr David Margulies, brother of the Trustee, Mr C Margulies. There is no interest charged on these loans.” — page 21
“Other long term creditors include a loan from Ambertown International Ltd, a company registered in the British Virgin Islands, for £4,450,784. The trustee, Mr C Margulies is a director of the company. Additionally, there is a loan of £35,000 from Mr David Margulies, brother of the Trustee, Mr C Margulies. There is no interest charged on these loans.” — page 21
“Other long term creditors include a loan from Ambertown International Ltd, a company registered in the British Virgin Islands, for £4,450,784. The trustee, Mr C Margulies is a director of the company. Additionally, there is a loan of £35,000 from Mr David Margulies, brother of the Trustee, Mr C Margulies. There is no interest charged on these loans.” — page 21
“Other long term creditors include a loan from Ambertown International Ltd, a company registered in the British Virgin Islands, for £4,450,784. The trustee, Mr C Margulies is a director of the company. Additionally, there is a loan of £35,000 from Mr David Margulies, brother of the Trustee, Mr C Margulies. There is no interest charged on these loans.” — page 21
Structured financials (annual return, FY ending 30/06/2025)
Trustees
- Bernard Stern
- CHARLES MARK MARGULIES
- Harvey Charles Freudenberger
- Michael Just
- RACHEL MARGUILES
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 30/06/2025 | £579k | £470k |
| 30/06/2024 | £566k | £518k |
| 30/06/2023 | £589k | £694k |
| 30/06/2022 | £677k | £619k |
| 30/06/2021 | £631k | £622k |
Common questions
Is NEWPIER CHARITY LIMITED financially healthy?
The accounts state that the charity holds unrestricted funds of £(422,978), indicating net liabilities rather than positive free reserves. The trustees report no formal policy for maintaining a set level of reserves, preferring to hold cash to facilitate rapid investment opportunities. The auditor confirms the use of the going concern basis with no material uncertainties identified. Its FY2025 accounts were audited by Lopian Gross Barnett & Co.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| UNITED TALMUDICAL ASSOCIATES LTD | 1 | £357k |
| MOUNDFIELD CHARITIES LIMITED | 1 | £139k |
| AHAVATH CHESSED CHARITABLE ASSOCIATION LIMITED | 1 | £58k |
| BEAULAND LIMITED | 1 | £50k |
| OLLINGHAM LIMITED | 1 | £36k |
| NES FOUNDATION LTD | 1 | £35k |
| YAD SHLOMO TRUST | 1 | £26k |
| REIFER MEMORIAL LIMITED | 1 | £22k |