## Gainsborough Trust
Charity commission number 1008543
April 1, 2024 – March 31, 2025 Trustees Annual Report
During the past year, our charity trust in England has seen a welcome increase in donations, reflecting the continued generosity and confidence of our supporters. This growth enabled us to extend our assistance to a greater number of poor brides and needy families, providing vital financial support that helped ease hardship and preserve dignity. We are deeply grateful to our donors and volunteers, whose commitment made this impact possible, and we remain dedicated to expanding our reach and supporting those most in need in the year ahead.
Susan Marks
Secretary Gainsborough Trust
Gainsborough Trust **The Gainsborough Trust Report and Financial Statements Year ended: 31 March 2025 Charity no: 1008543**
## Gainsborough Trust
**Contents of the Financial Statements For The Year Ended 31 March 2025**
||**Page**|
|---|---|
|Trustees Report|1 - 2|
|Statement of Financial Activities|3|
|Balance Sheet|4|
|Notes to the Financial Statements|5 - 8|
## Gainsborough Trust
## **Principal Office**
12 Alexandra Road, Hendon, NW4 2SA
## **Charity Number: 1008543**
## **Bankers**
National Westminster Bank, Golders Green Branch. 21 Golders Green Road London NW11 8EB.
## **Report of the trustees for the year ended 31st March 2025**
The trustees present their annual report and financial statements of the charity for the year ended 31st March 2025. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the Charity's Trust Deed, the Charities Act 2011 and the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and the Republic of Ireland (FRS 102) issued on 16th July, 2014. The report takes account of the requirement for Trustees to report annually on public benefit and the Trustees have had regard to the Charity Commission's guidance on public benefit.
## **Structure, governance and management**
The Trust ("the Charity") is an unincorporated trust, constituted under a Trust Deed dated 12th March, 1991 as amended by a deed of amendment dated 27 May 2007 and is a registered charity, number 1008543. The Trust was established for the purpose of promoting the Orthodox Jewish religion and religious education generally and especially by providing financial assistance to religious institutions in Israel and to individuals and families in severe financial straits. The trust is managed by Neil Daniel Marks.
The Trustees who served during the year were as follows: -
Neil Daniel Marks, Chair of Trustees, Treasurer (appointed 1991) Susan Merle Marks, Secretary (appointed 1991)
## **Objectives and activities for the public benefit**
The objects of the Trust are the promotion of education of Orthodox Jewish religion and to ease the burden of impoverished individuals and families in Israel. The trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the Trust's aims and objectives and in planning future activities.
Despite the ongoing conflict in Gaza and in the country, we continue to provide services to many needy families whose challenges are even greater at this time.We remain committed to supporting numerous families, individuals and organisations.Our dedication to this work persists, and we aspire to extend our assistance to those in need,whose gratitude continually fuels our mission
.
## **Public benefit**
Gainsborough Trusts' aims were carried out for the public benefit. This was achieved through giving financial support to religious institutions and to vulnerable individuals and families.
## **Financial review**
The Trust's work is entirely reliant on income from donations.
## **Investment policy and performance**
The Trust does not have any investments since most of the Charity's funds are spent in the short term.
## **Reserves policy**
Since the Trust does not have any regular expenditure relating to support and governance, other than accountancy fees, the Trust has allocated all donations within unrestricted reserves.
## **Plans for the future**
During the past year The Gainsborough Trust has seen a welcome increase in donations, reflecting the continued generosity and confidence of our supporters. The growth enabled us to extend our assistance to a greater number of poor brides and needy families, providing vital financial support that helped ease hardship and preserve dignity. We are deeply grateful to our donors and volunteers, whose commitment made this impact possible, and we remain dedicated to expanding our reach and supporting those most in need in the year ahead.
## **Trustees' responsibilities in relation to the financial statements**
The trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards. The law applicable to charities in England and Wales requires the trustee(s) to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the
incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:
- select suitable accounting policies and then apply them consistently
- observe the methods and principles of the Charities SORP
- make judgements and estimates that are reasonable and prudent;
- state whether applicable accounting standards have been followed, subject to any
- departures disclosed and explained in the financial statements; and;
- prepare the financial statements on the going concern basis unless it is inappropriate to
- presume that the charity will continue in business.
The Trustees are responsible for keeping accounting records which disclose with reasonable accuracy the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports)
Regulations 2008 and the provision of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by the trustees on 29 December 2025
**ND Marks CHAIR OF TRUSTEES**
2
## **Gainsborough Trust**
## **Statement of Financial Activities for the year ending 31 March 2025**
|**Total Incoming resources**
_Incoming resources from_
_generated funds:_
Voluntary income:
Donations
**Total incoming resources**
**Resources expended**
_Charitable activities_
Donations
**11**
**Cost of grant making**
Governance costs
**3**
**Total resources expended**
**Net (outgoing)/ incoming**
**resources before transfers**
Transfers
Gross transfers between funds
**Net (outgoing)/ incoming**
**other recognised gains and losses**
Other recognised gains and losses:
**Net Movement in funds**
**Total Funds carried forward**
**Note**
_Reconciliation of Funds_
Total Funds brought forward|108,102
96,472
108,102
96,472
101,835
95,969
101,835
95,969
978
815
102,813
96,784
5,289
(312)
-
-
-
-
5,289
(312)
-
-
5,289
(312)
973
1,285
6,262
973
**2025 2024**
**Unrestricted Unrestricted**
**Funds Funds**
**£ £**|
|---|---|
**3**
## **Gainsborough Trust Statement of Financial Position as at 31 March 2025**
|**Note**
**_Current assets:_**
Cash at bank and in hand
**5**
**Creditors falling due within one year**
**6**
**Net assets**
**_The funds of the charity:_**
Restricted income funds
Unrestricted income funds
**Total charity funds**|**2025**
**2024**
**£**
**£**
7,240 1,788
(978)
(815)
6,262
973
-
-
6,262
973
6,262
973|
|---|---|
The notes at pages 5 to 8 form part of these accounts
Approved by the trustees on 29th December 2025 and signed on their behalf by:
## **Neil Daniel Marks**
## **CHAIR OF TRUSTEES**
4
## **Gainsborough Trust Notes to the Financial Statements For The Year Ended 31 March 2025**
## **Notes to the accounts**
## **1. Accounting Policies**
## (a ) **Basis of preparation**
The accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.
The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in in the UK and the Republic of Ireland (FRS 102) issued on 16th July 2014 and the Charities Act 2011.
The Trustees have chosen to early adopt the Update Bulletin 1 issued by the Charities Commission on 2nd February 2016 which exempts the charity from the need to prepare a Statement of Cash Flows.
The Trustees consider that there are no material uncertainties about the charity’s ability to continue as a going concern
## (b) **Income recognition**
All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. Donations are recognised once received.
## (c) **Expenditure recognition**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the Charity to that expenditure, it is probable that settlement will be required and the amount of the obligation can be measured reliably.
All expenditure is accounted for on an accruals basis. All expenses including governance costs are allocated or apportioned to the applicable expenditure headings
Grants payable are payments made to third parties in the furtherance of the charitable objectives of the Charity.
5
## **Gainsborough Trust Notes to the Financial Statements - ctd For The Year Ended 31 March 2025**
## (d) **Financial Instruments**
The Charity has chosen to adopt Sections 11 and 12 of FRS 102 in respect of financial instruments.
## _**Short term creditors**_
Creditors with no stated interest rate and payable within one year are recorded at transaction price.
## _**Cash and cash equivalents**_
Cash and cash equivalents comprise cash at bank.
## (e) **Governance costs**
Governance costs comprise all costs involving the public accountability of the Charity and its compliance with regulation and good practice. These costs include costs related to accountancy fees.
## (f ) **Funds structure**
The Charity has a single permanent fund which is wholly unrestricted.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by the donor or trust deed.
Unrestricted income funds comprise those funds which the trustees are free to use for any purpose in furtherance of the charitable objects. Unrestricted funds include designated funds where the trustees, at their discretion, have created a fund for a specific purpose.
## (g ) **Realised gains and losses**
All gains and losses are taken to the Statement of Financial Activities as they arise.
## **2. Related party transactions and trustees' remuneration**
The Trustees received no emoluments or reimbursement of expenses (2024 – nil). In the opinion of the Trustees there were no related party transactions requiring disclosure in the accounts.
The Charity has no ultimate controlling party.
6
## **Gainsborough Trust Notes to the Financial Statements - ctd**
## **For The Year Ended 31 March 2025**
## **3. Analysis of governance costs**
|**3. Analysis of governance costs**
Accountancy fees
Bank charges
**4. Accountancy fees**
The accountancy fees constituted a fee of £978 (2024 - £815).
**5. Cash at bank**
National Westminster Bank Plc - Current Account
**6. Creditors: Amounts falling due within one year**
Accruals|**2025**
**2024**
**£**
**£**
978
815
0
0
**2025**
**2024**
**£**
**£**
7,240
1,788
**2025**
**2024**
**£**
**£**
978
815|
|---|---|
## **7. Financial Instruments**
At the year end the Charity had no liabilities that were classified as financial instruments.
## **8. Grant commitments**
The Charity had no commitments at the balance sheet date to pay grants awarded.
## **9. Contingencies**
There were no contingencies at the balance sheet date.
## **10. Guarantees**
The Charity has given no guarantees or other indemnities.
7
## **Gainsborough Trust Notes to the Financial Statements - ctd For The Year Ended 31 March 2025**
## **11. Analysis of donations**
|Recipients of donations
Higher education
Basic education of Jewish principles
Destitute families
Religious Center for Prayer and Learning
Assistance for poor brides|**Donations to**
**Donations to**
**institutions**
**individuals**
**£**
**£**
36,166
18,076
45,096
2,497
54,242
47,593|
|---|---|
## **Total**
8
CHARITY COMMISSION
FOR ENGLAND AND WALES
Independent examiner's report on the
accounts
Section A
Independent Examiner's Report
Report to the trusteesl
members of
Gainsborough Trust
On accounts for the year
ended
31 March 2025
Charity no
(if any}
1008543
Set out on pages
1-8
I report to the trustees on my examination of the accounts of the above
charity {"the Trust") for the year ended 31 March 2024
Responsibilities and
basis of report
As the charitys trustees, you are responsible for the preparation of the
accounts in accordance with the requirements of the Charities Act 2011
("Ihe Act°)-
I report in respect of my examination of the Trust's accounts carried out
under section 145 of the 2011 Act and in carying out my examination, I
have followed all the applicable Directions given by the Charity Commission
under section 145{5)(b) of the Act.
Independent
examiner's statement
I have completed my examination. I confirm that no material matters have
come to my attention in connection with the examination (ethep
dise10") which gives me cause to believe that in, any material
respect:
the accounting records were not kept in accordance with section 130
of the Charities Act., or
the accounts did not accord with the accounting records,. or
I have no cOnmS and have come across no other matters in connection
with the examination to which attention should be drawn in this report in
order to enable a proper understanding of the accounts to be reached.
Please delete the words in the brackets rf they do not apply.
Signed:
Date:
24 December 2025
Name:
Dov Owen CTA A
Relevant professional
qualification(s) or body
artere
nstitute o
axation
Association of Tax Technicians
Association of Accountin
Technicians
IER
Oct 2018
(if any):
Address:
5 Golders Close
Edgware
HA8 9QD
Section B
Disclosure
Only complete if the examiner needs to highlight material matters of conrn
(see CC32. Independent examination of charity accounts: directions and
guidance for examiners).
Give here brief details of
any items that the
examiner wishes to
disclose.
IER
Oct 2018