Finance Score: -6

Governance Score: -3

Support Score: 0

Excess reserves: -5
Reasonable growth: +1
Deficit latest year: -2

Only 4 Trustees: -1
Narrow trustee age band: -2

No supporters identified

Overall GiG Score: -9

THE RAPHAEL FRESHWATER MEMORIAL ASSOCIATION

The charity promotes religious education and observance within the tenets of Orthodox Judaism and is involved in the relief of poverty. The charity makes grants to organisations and institutions which operate in the charitable fields mentioned above.

Analysis by Giving is Great

Positives:

This charity has an endowment fund which generates most of its income
There has been reasonable growth in spending over the last 3 years relative to the previous period, despite a decline more recently

Regulatory & Governance issues to consider:

This charity only provides its support via other charities
There are only 4 trustees
The Board has little diversity in terms of age

Financial issues to consider:

This charity has substantial assets and unrestricted reserves of £105,830,000 available, equivalent to 107 months of spending and so may not be able to utilise additional funding
Income was significantly lower than spending in the latest year

Established: 62 years

02078361555

Charity Commission for England and Wales

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		£9,502	£11,880	£-2,378	£5,662	£105,830	£105,830	106.9
31/03/22		£9,051	£9,742	£-691	£5,671	£115,798	£115,798	142.6
31/03/21		£9,094	£10,296	£-1,202	£5,548	£121,906	£121,906	142.1
31/03/20		£9,003	£12,182	£-3,179	£5,437	£119,315	£119,315	117.5
31/03/19		£8,472	£8,053	£419	£4,611	£134,703	£134,703	200.7
31/03/18		£8,961	£5,896	£3,065	£4,458	£135,464	£135,464	275.7
31/03/17		£15,359	£6,777	£8,582	£5,024	£129,195	£129,195	228.8
31/03/16	*	£8,372	£8,607	£-235	£0	£109,091	£109,091	152.1
31/03/15		£3,370	£5,640	£-2,270	£61	£90,826	£90,826	193.2
31/03/14	*	£4,000	£3,806	£194	£53	£79,299	£79,299	250
31/03/13		£3,722	£6,036	£-2,314	£39	£72,907	£72,907	144.9
31/03/12	*	£3,143	£6,267	£-3,124	£45	£71,844	£71,844	137.6
31/03/11	*	£3,563	£3,283	£280	£37	£69,078	£69,078	252.5
31/03/10		£6,344	£7,623	£-1,279	£39	£69,512	£69,512	109.4
31/03/09	*	£5,408	£5,375	£33	£36	£68,853	£68,853	153.7
31/03/08	*	£5,643	£3,679	£1,964	£58	£80,512	£80,512	262.6
31/03/07	*	£5,146	£5,403	£-257	£76	£89,641	£89,641	199.1
31/03/06	*	£3,126	£2,373	£753	£0	£0	£0	n/a
31/03/05	*	£4,164	£3,675	£489	£0	£0	£0	n/a
31/03/04	*	£3,617	£3,529	£88	£0	£0	£0	n/a

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Financial Ratios

Fundraising Costs/Relevant Income: 0%
Fundraising Costs/Total Spending: 0%
Highest pay band: Less than £60,000
Liabilities/Assets: 30%
Liabilities/Income: 488%
Unrestricted Funds/Total Funds: 100%
Reserves/Spending: 106.9 months
Net Current Assets/Spending: 0 months
Quick Ratio: 0.2

Asset Split ?

Listed activities

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

How it operates

Makes Grants to Organisations

Where it operates

Argentina, Belgium, Canada, France, Israel, Switzerland, 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)

Age Range of Trustees: 73-88

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

MR D DAVIS, Occupation: Chartered Accountant, Other trusteeships: BETH JACOB GRAMMAR SCHOOL FOR GIRLS LIMITED, MAYFAIR CHARITIES LIMITED, VENDQUOT LIMITED, REGENT CHARITIES LIMITED,

RICHARD FISCHER Appointed: 2014, Occupation: Lecturer Rtd, Other trusteeships: MAYFAIR CHARITIES LIMITED, HIGHCROFT CHARITABLE TRUST,

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

Legal constitution

Charitable company registered in England & Wales on 12/03/1962, number: 313890
Registered at Companies House on 28/03/1961, number: 00688212

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, AR11: 1 days late, AR09: 39 days late, AR08: 32 days late, AR07: 155 days late, AR06: 148 days late, AR05: 15 days late, AR04: 67 days late,

Main office

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

Objectives

THE COMPANY IS ESTABLISHED FOR CHARITABLE PURPOSES ONLY

Defined Area of Benefit:

GENERAL

Data Sources