THE RAPHAEL FRESHWATER MEMORIAL ASSOCIATION
Financial health, per its FY2025 accounts
The accounts state that the charity holds total funds of £107,534,000, with unrestricted reserves of £22,241,000 after accounting for designated funds and non-readily available investment revaluations. The trustees consider these reserves adequate to continue grant-making activities and cover contingencies, noting no material uncertainty regarding going concern. The charity generated a net income of £4,633,000 for the year, primarily supported by rental and investment income.
What the accounts disclose
“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 the Charity’s ability to support Charitable Institutions.” — page 7
“The Charity received donations of £2,000,000 (2024: £1,250,000) from Metropolitan Properties Company Limited; a Trustee of the Charity is a director of the donor company.” — page 36
“The Charity received dividends aggregating £548,186 (2024: £548,186) from Daejan Group Holdings Limited, a company of which certain Trustees of the Charity are directors.” — page 36
“The Charity received donations of £2,000,000 (2024: £1,250,000) from Metropolitan Properties Company Limited; a Trustee of the Charity is a director of the donor company.” — page 36
“The Charity received dividends aggregating £548,186 (2024: £548,186) from Daejan Group Holdings Limited, a company of which certain Trustees of the Charity are directors.” — page 36
Structured financials (annual return, FY ending 31/03/2025)
Trustees
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £11.7m | £11.6m |
| 31/03/2024 | £10.6m | £12.0m |
| 31/03/2023 | £9.5m | £11.9m |
| 31/03/2022 | £9.1m | £9.7m |
| 31/03/2021 | £9.1m | £10.3m |
Common questions
Is THE RAPHAEL FRESHWATER MEMORIAL ASSOCIATION financially healthy?
The accounts state that the charity holds total funds of £107,534,000, with unrestricted reserves of £22,241,000 after accounting for designated funds and non-readily available investment revaluations. The trustees consider these reserves adequate to continue grant-making activities and cover contingencies, noting no material uncertainty regarding going concern. The charity generated a net income of £4,633,000 for the year, primarily supported by rental and investment income. Its FY2025 accounts were audited by Cohen Arnold.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| UNITED TALMUDICAL ASSOCIATES LTD | 1 | £51k |
| THE BENZI DUNNER SCHOOLS TRUST | 1 | £15k |
| SHAAREI RACHAMIM LIMITED | 1 | £8k |
| PLOIEST ESTATES LIMITED | 1 | £5k |
| THE LAUFFER FAMILY CHARITABLE TRUST | 1 | £5k |
| THE VIVIENNE AND SAMUEL COHEN CHARITABLE TRUST | 1 | £5k |