Finance Score: -10

Governance Score: -8

Support Score: 0

Excess reserves: -5
Fundraising costs high: -5

Only 4 Trustees: -1
Narrow trustee age band: -2
Very static board: -5

No supporters identified

Overall GiG Score: -18

MAYFAIR CHARITIES LIMITED

The charity receives income from its investment properties, cash deposit fixed asset listed investments and subsidiaries which it utilises in the provision and distribution of grants, donations and loans for charitable purposes to organisations & institutions engaged in the provision of education & promotion of religious observance within the Tenets of Orthodox Judaism & for the relief of poverty.

Analysis by Giving is Great

Regulatory & Governance issues to consider:

This charity only provides its support via other charities
There are only 4 trustees
The Board composition appears to be very static and has little diversity in terms of age

Financial issues to consider:

This charity has substantial assets and unrestricted reserves of £78,146,000 available, equivalent to 133 months of spending and so may not be able to utilise additional funding
Fundraising costs are extremely high relative to funds raised

Financial Data ?

Income & Spending ?

Sources of Income ?

Y/E		Income £k	Spending £k	Surplus/ Deficit	Fundraising Cost £k	Total Funds £k	Unrestricted Funds £k	Mths Rsrvs
31/03/23		£5,448	£7,031	£-1,583	£1,336	£78,146	£78,146	133.4
31/03/22		£5,320	£6,727	£-1,407	£1,419	£88,335	£88,335	157.6
31/03/21		£5,294	£5,016	£278	£849	£90,252	£90,252	215.9
31/03/20		£5,339	£6,126	£-787	£1,065	£82,332	£82,332	161.3
31/03/19		£4,913	£7,683	£-2,770	£1,420	£93,450	£93,450	146
31/03/18		£4,714	£9,352	£-4,638	£753	£97,777	£97,777	125.5
31/03/17		£4,607	£15,034	£-10,427	£843	£105,490	£105,490	84.2
31/03/16	*	£4,562	£9,026	£-4,464	£1,831	£109,918	£109,918	146.1
31/03/15		£4,398	£5,794	£-1,396	£46	£110,784	£110,784	229.4
31/03/14	*	£4,389	£6,330	£-1,941	£57	£99,066	£99,066	187.8
31/03/13		£4,570	£5,280	£-710	£57	£83,721	£83,721	190.3
31/03/12	*	£12,493	£4,312	£8,181	£50	£74,124	£74,124	206.3
31/03/11		£5,190	£6,296	£-1,106	£44	£54,637	£54,637	104.1
31/03/10		£4,041	£6,796	£-2,755	£29	£54,125	£54,125	95.6
31/03/09		£4,647	£9,308	£-4,661	£32	£54,155	£54,155	69.8
31/03/08	*	£4,504	£8,553	£-4,049	£31	£69,221	£69,221	97.1
31/03/07	*	£4,667	£7,358	£-2,691	£28	£83,411	£83,411	136
31/03/06		£3,505	£10,286	£-6,781	£0	£0	£0	n/a
31/03/05		£4,248	£5,727	£-1,479	£0	£0	£0	n/a
31/03/04		£3,997	£6,142	£-2,145	£0	£0	£0	n/a

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Financial Ratios

Fundraising Costs/Relevant Income: 186.2%
Fundraising Costs/Total Spending: 33.1%
Highest pay band: Less than £60,000
Liabilities/Assets: 18%
Liabilities/Income: 323%
Unrestricted Funds/Total Funds: 100%
Reserves/Spending: 133.4 months
Net Current Assets/Spending: 8 months
Quick Ratio: 0.8

Asset Split ?

Established: 56 years

02078361555

Charity Commission for England and Wales

Listed activities

Education/Training
General Charitable Purposes
Religious Activities
The Prevention Or Relief Of Poverty

GiG Classification

Grant-making foundations

How it operates

Makes Grants to Organisations
Provides buildings/facilities/open space

Where it operates

Australia, Belgium, France, Israel, Lithuania, Throughout England And Wales, United States,

Who it helps

Other Charities Or Voluntary Bodies

Who's supporting them? ?

We have no records of donations from grant makers.

How is it governed?

Trustees (4)

Current Trustees appointed

Age Range of Trustees: 73-88

BENZION SCHALOM ELIEZER FRESHWATER Appointed: 1992, Occupation: Director, Other trusteeships: BETH JACOB GRAMMAR SCHOOL FOR GIRLS LIMITED, THE RAPHAEL FRESHWATER MEMORIAL ASSOCIATION, SERVICE TO THE AGED, REGENT CHARITIES LIMITED, SASSOV BEIS HAMEDRASH, THE UNION OF ORTHODOX HEBREW CONGREGATIONS,

MR D DAVIS Appointed: 1992, Occupation: Chartered Accountant, Other trusteeships: BETH JACOB GRAMMAR SCHOOL FOR GIRLS LIMITED, VENDQUOT LIMITED, THE RAPHAEL FRESHWATER MEMORIAL ASSOCIATION, REGENT CHARITIES LIMITED,

RICHARD FISCHER Appointed: 2014, Occupation: Lecturer Rtd, Other trusteeships: HIGHCROFT CHARITABLE TRUST, THE RAPHAEL FRESHWATER MEMORIAL ASSOCIATION,

SOLOMON ISRAEL FRESHWATER Appointed: 2006, Occupation: Director, Other trusteeships: THE RAPHAEL FRESHWATER MEMORIAL ASSOCIATION, SERVICE TO THE AGED, SASSOV BEIS HAMEDRASH, ZICHRON CHAIM LIMITED,

Legal constitution

Charitable company registered in England & Wales on 06/03/1968, number: 255281
Registered at Companies House on 28/02/1968, number: 00927985

Gift Aid

Registered with HMRC for Gift Aid

Policies in force

Complaints handling
Complaints policy and procedures
Conflicting interests
Financial reserves policy and procedures
Internal charity financial controls policy and procedures
Internal risk management policy and procedures
Investing charity funds policy and procedures
Investment
Risk management
Serious incident reporting policy and procedures
Trustee conflicts of interest policy and procedures

Filing Record

20 returns made; AR16: 1 days late, AR14: 61 days late, AR12: 49 days late, AR08: 1 days late, AR07: 20 days late,

Main office

FRESHWATER GROUP OF COMPANIES
FRESHWATER HOUSE
158-162 SHAFTESBURY AVENUE
LONDON
WC2H 8HR

Objectives

TO FURTHER THOSE PURPOSES BOTH IN THE UNITED KINGDOM AND ABROAD RECOGNISED AS CHARITABLE BY ENGLISH LAW.

Defined Area of Benefit:

NATIONAL AND FOREIGN

Data Sources