KESSER CHARITIES LIMITED LIMITED BY GUARANTEE DIRECTORS, AND TRUSTEES REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Company No. 2532062 (England and Wales) KESSER CHARITIES LIMITED Company Infonnation Directors and Trustees Gabriel Rothbart Bernard J. Lebrecht Hyman Weiss Yoel Elimelech Friedman Secretary H. Weiss Company Number 2532062 (England and Wales) Registered Office B Olsberg & Co Chartered Accountants and Statutory Auditors Enterprise House 3 Middleton Road Manchester M8 5DT Charity Registration Number 1009126 Independent Examiner B Olsberg & Co Chartered Accountants and Statutory Auditors Enterprise House 3 Middleton Road Manchester M8 5DT KESSER CHARITIES LIMITED Contents Report of the trustses and directors Statement of Financial Activities Balance Sheet Notes to the Financial Statements Independent Examiner's Report 10 KESSER CHARITIES LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 The trustees of the charity present their annual report under the Charities Act 2011 and the financial statements for the year ended 31 March 2025 and confirm that the latter comply with the requirements of the Act, the Trust Deed and the Charities SORP 2005. REFERENCE AND ADMINISTRATIVE INFORMATION The Charity was incorporated under the name Kesser Charities Limited on 19 December 1994 (formerly Bels Yoel Charity Limited incorporated 17 August 1990) and is registered with the Charity Commission under charity number 1009126. The Trustees, directors, secretary and principal addresses of the Charity are as listed on page 1. STRUCTURE, GOVERNANCE AND MANAGEMENT GOVERNING DOCUMENT The charity is constituted as a company limited by guarantee, and is therefore govemed by a memorandum and articles of association dated 17 August 1990 which has not been amended. GOVERNING BODY The structure of the Charity consists of four trustees who are also directors of the company and a company secretary. The board of Trustees is authorised to appoint new Trustees to fill vacancies arising through resignation or death of an existing trustee. ORGANISATIONAL MANAGEMENT The Trustees of the Charity are legally responsible for the overall management and control of the Charity and meet regularly. RISK MANAGEMENT The trustees actively review the major risks which the charity faces on a regular basis and believe that an annual review of the controls over key financial systems, will be sufficient to ensure continuity in the event of adverse conditions. OBJECTS, AIMS, OBJECTIVES AND ACTIVITIES The charity is constituted as a company limited by guarantee and its objects are to encourage and support the furtherance of Orthodox Jewish Religious Education. The charity is organised so that the trustees meet regularly to manage its affairs. The charity is not dependent on voluntary assistance. Administration of the charity is dealt with by the trustees. It is intended to continue with the Charities activities. KESSER CHARITIES LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 PUBLIC BENEFIT The trustees confirm they have referred to the guidance contained in the Charity Commission's general guidance on public benefit and in particular to its supplementary public benefit guidance on advancing education when reviewing the charity's aims and objectives and in planning future activities and setting grant making policy for the year. AIMS AND INTENDED IMPACT Within these objects, the trustee's aim to continue to provide funds for educational purposes. OBJECTIVES FOR THE YEAR The aim this year is to continue to give support to educational activities. STRATEGIES TO ACHIEVE THE YEAR'S OBJECTIVES These included meetings with potential donors to obtain funds. PRINCIPAL ACTIVITIES OF THE YEAR The charity collected funds during the year which were sufficient to meet its needs. GRANT MAKING POLICY The policy is to provide funds for the running of further educational activities. REVIEWAND ACHIEVEMENTS AND PERFORMANCE FOR THE YEAR FINANCIAL REVIEW Transactions and Financial Position The Statement of Financial Activities shows a total income of £222,031 (2024 - £206,931) and resources expended were £192,933 leaving a net surplus of £29,098 for the year. (2024 deficit £2,074). FINANCIAL REVIEW AND RESULTS FOR THE YEAR The Trustees consider that the perf0rrnan￿ of the charity this year has been satisfactory. There were no significant changes in the year. The nature of the expenses were in line with the constitution and objects of the charity. This is in line with the wishes of the Trustees who constantly review the effectiveness of the charity and approve the scope of their activities. KESSER CHARITIES LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 RESERVES POLICY The trustees intend to fully distribute most of its income. INVESTMENT POLICY AND OBJECTIVES Under the Trust Deed the charity has the power to make any investment which the trustees see fit, but no investments are currently held. FUTURE PLANS The trustee's plans are to continue to collect donations for its objectives. ACCOUNTING AND REPORTING RESPONSIBILITIES The trustees are required by Charity law to prepare financial statements for each financial year which give a true and fair view of the financial activities of the charity and of its financial position at the end of the year. In preparing those financial statements the trustees are required to.. (a) select suitable accounting policies and apply them consistently" (b) make judgements and estimates that are reasonable and prudent. (c) follow applicable accounting standards and statements of recommended practice, disclosing and explaining any departures in the financial statements. (d) prepare the financial statements on a going COn￿M basis unless it is inappropriate to assume that the charity will continue in operation. The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hen￿ for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approval The report was approved by the board of directors and trustees on 28th January 2026 and signed on its behalf. YE Friedman Trustee KESSER CHARITIES LIMITED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 Note INCOME RESOURCES Donations Received 222,031 206,931 RESOURCES EXPENDED Charitable Expenditure 191.613 191,613 207,490 207,490 ADMINISTRATION Accountancy Bank Charges TOTAL RESOURCES EXPENDED 1,320 1,320 195 209,005 192.933 NET ) INCOME I (DEFICIT 29,098 (2,074) FUND BALANCE BROUGHT FORWARD AT 1 APRIL 2024 40,982 43,056 FUND BALANCE CARRIED FORWARD AT 31 MARCH 2025 70.080 40,982 There were no recognised gains and losses for 2025 and 2024 other than those included in the above Statement of Financial Activities. The notes form part of these accounts. KESSER CHARITIES LIMITED BALANCE SHEET AS AT 31 MARCH 2025 2025 2024 Note FIXED ASSETS Tangible assets for use by the charity CURRENT ASSETS Bank Debtors 17,526 12,166 27,756 20,396 CREDITORS Amounts due within one year Net Current Assets Payable after one year Net Assets 70 080 40 982 FUNDS Unrestricted Income The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006 and that the members have not required the company to obtain an audit in accordance with section 476 of the Act. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. The Accounts have been prepared in accordan￿ with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small company's regime. The notes form part of these financial statements. These accounts were approved by the Trustees on 28th January 2026 Trustee YE Friedman KESSER CHARITIES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies Basis of accounting The financial statements have been prepared under the historical cost convention, and in accordan￿ with the Statement of Recommended Practice "Accounting and Reporting by Charities" (SORP 2005) and the Charities Act 1993. Income Voluntary income, contributions and donations are accounted for as received by the charity. No permanent endowments have been received in the year. Tangible Fixed Assets and Depreciation Tangible fixed assets are stated at cost less depreciation. Depreciation is provided for at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases'.- Furniture and Equipment Religious Artefacts Building Improvements 20 % per annum reducing balance basis NIL NIL Tangible Fixed Assets Furniture & Religious Building Equipment Artefacts Improvements Total Cost At 1 April 2023 Additions in year As at 31 March 2025 9 664 9.664 35,866 83,999 129,529 83 999 129529 Depreciation At 1 April 2023 Charge for the year At 31 March 2025 7558 25,088 32,646 Net Book Value At 31 March 2025 At 31 March 2023 35 866 35 866 96 883 76 883 KESSER CHARITIES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Debtors 2025 2024 Sundry Income Tax recoverable 2,000 8230 8230 Creditors; Amounts falling due within one year 2025 2024 Accruals Loans 8,726 10,884 Creditors: Amounts falling due after one year Bank Loan Other creditor 45,833 45,833 12 280 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF KESSER CHARITIES LIMITED I report on the financial statements of the Trust for the year ended 31 March 2025 which are set out on pages 3-9. Respective responsibilities of trustees and examiner The trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. The Charity is required by law to prepare accrued accounts and l am qualified to undertake the examination by being a qualified member of The Institute of Chartered Accountants (England and Wales). Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to.. Examine the accounts under section 145 of the 2011 Act; To follow the procedures laid down in the general Directions given by the Charity Commission under section 145 (5){b) of the 2011 Act; and To state whether particular matters have come to my attention. Basis of independent examinerfs report My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees Con￿rning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a Yrue and fair view. and the report is limited to those matters set out in the statement below. Independent examIne￿S statement In connection with my examination, no matter has come to my attention" (1) which gives me reasonable cause to believe that in any material respect the requirements to keep accounting records in accordance with Section 386 of the Companies Act 2006. and to prepare accounts which accord with the accounting records, comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice.. Accounting and Reporting by Charities have not been met" or (2) to which, in my opinion. attention should be drawn in order to enable a proper understanding of the accounts to be reached. B OLSBERG B OLSBERG & CO CHARTERED ACCOUNTANTS AND STATUTORY AUDITORS 3 MIDDLETON RD M8 5DT 28th January 2026 10