**REGISTERED CHARITY NUMBER: 1053660**
## **Report of the Trustees and**
**Unaudited Financial Statements for the Year Ended 5 April 2025**
**for**
## **RS Charitable Trust**
London Accounting Group Ltd 5 North End Road London NW11 7RJ
**RS Charitable Trust**
**Contents of the Financial Statements for the Year Ended 5 April 2025**
|||**Page**||
|---|---|---|---|
|**Report of the Trustees**|1|to|2|
|**Independent Examiner's Report**||3||
|**Statement of Financial Activities**||4||
|**Balance Sheet**||5||
|**Notes to the Financial Statements**|6|to|10|
|**Detailed Statement of Financial Activities**||11||
**RS Charitable Trust**
**Report of the Trustees for the Year Ended 5 April 2025**
The trustees present their report with the financial statements of the charity for the year ended 5 April 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
## **OBJECTIVES AND ACTIVITIES**
## **Objectives and aims**
The Charity was established to support the activities of religious Jewish organisations recognised as charitable by English law both in the UK and abroad, especially those in the field of education and relief of poverty.
The Charity receives income from its investment properties which it utilises in the provision of grants to organisations that fall within the objectives of the Charity.
The Charity also receives donations from third parties which are then utilised the same way as above.
## **Significant activities**
The Charity continued to procure significant income from its investments in the sum of £226,996 and made significant grants in the sum of £117,350.
## **Public benefit**
The trustees confirm their compliance with the duty to have due regard to the public benefit guidance published by the Charity Commission when reviewing the charity's aims and objectives and in planning future activities.
## **Grantmaking**
Grants are made to charitable institutions and organisations which accord with objects of the Charity.
## **ACHIEVEMENT AND PERFORMANCE**
## **Investment performance**
The trustees consider that the performance of the charity this year has been most satisfactory. Substantial funds have been granted to institutions during the period from income from the investments.
The Statement of Financial Activities shows a deficit of £21,329 after making total grants of £117,350 and the reserves stand at £2,887,976.
## **Internal and external factors**
The trustees have made a full assessment of the internal and external factors that may affect these financial statements and do not deem any factors material enough to have an impact.
## **FINANCIAL REVIEW**
## **Reserves policy**
The charity does not maintain a reserve policy, as reserves are distributed when they become available, at the trustees' discretion. The present level of funding is adequate to support the continuation of its objects and the trustees consider the financial position of the charity to be satisfactory.
## **FUTURE PLANS**
The trustees plan to maximise the level of donations received and the investment income whilst continuing to make distributions in accordance with their grant making policy and to ensure that an appropriate level of reserves is maintained.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The charity is controlled by its governing document, a deed of trust dated 13 February 1996 and constitutes as unincorporated charity.
Page 1
**RS Charitable Trust**
## **Report of the Trustees for the Year Ended 5 April 2025**
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Risk management**
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Registered Charity number**
1053660
## **Principal address**
138 Stamford Hill London N16 6QT
## **Trustees**
S N Freudenberger H C Freudenberger C Margulies A Freudenberger
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
........................................................................
H C Freudenberger - Trustee
Page 2
**Independent Examiner's Report to the Trustees of RS Charitable Trust**
## **Independent examiner's report to the trustees of RS Charitable Trust**
I report to the charity trustees on my examination of the accounts of RS Charitable Trust (the Trust) for the year ended 5 April 2025.
## **Responsibilities and basis of report**
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all 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 giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns 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.
Samuel Feigenblatt
London Accounting Group Ltd 5 North End Road London NW11 7RJ
Date: .............................................
Page 3
**RS Charitable Trust**
## **Statement of Financial Activities for the Year Ended 5 April 2025**
|5.4.25
Unrestricted
fund
Notes
£
**INCOME AND ENDOWMENTS FROM**
Investment income
2
226,996
**EXPENDITURE ON**
**Charitable activities**
Donations to institutions
117,350
Other
130,975
**Total**
248,325
**NET INCOME/(EXPENDITURE)**
(21,329)
**RECONCILIATION OF FUNDS**
Total funds brought forward
2,909,305
**TOTAL FUNDS CARRIED FORWARD**
2,887,976|5.4.24
Total funds
£
238,060
89,650
169,536
259,186
(21,126)
2,930,431
2,909,305|
|---|---|
The notes form part of these financial statements
Page 4
**RS Charitable Trust**
## **Balance Sheet 5 April 2025**
|5.4.25
Unrestricted
fund
Notes
£
**FIXED ASSETS**
Tangible assets
6
4,079,672
**CURRENT ASSETS**
Cash at bank
80,017
**CREDITORS**
Amounts falling due within one year
7
(110,468)
**NET CURRENT ASSETS**
(30,451)
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
4,049,221
**CREDITORS**
Amounts falling due after more than one year
8
(1,161,245 )
**NET ASSETS**
2,887,976
**FUNDS**
10
Unrestricted funds
2,887,976
**TOTAL FUNDS**
2,887,976|5.4.24
Total funds
£
4,079,672
132,490
(111,252)
21,238
4,100,910
(1,191,605 )
2,909,305
2,909,305
2,909,305|
|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. H C Freudenberger - Trustee
The notes form part of these financial statements
Page 5
**RS Charitable Trust**
**Notes to the Financial Statements for the Year Ended 5 April 2025**
## **1. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
## **Income**
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
## **Expenditure**
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 a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
## **Tangible fixed assets**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
## **Taxation**
The charity is exempt from tax on its charitable activities.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
## **2. INVESTMENT INCOME**
|**INVESTMENT INCOME**|||
|---|---|---|
||5.4.25|5.4.24|
||£|£|
|Rents received|226,996|238,060|
Page 6
continued...
**RS Charitable Trust**
**Notes to the Financial Statements - continued for the Year Ended 5 April 2025**
## **3. GRANTS PAYABLE**
|**GRANTS PAYABLE**||||
|---|---|---|---|
|Donations to institutions|5.4.25
£
117,350||5.4.24
£
89,650|
|Name of the Charity|||£|
|||||
|||||
|Bikur Cholim Ltd|||18,000|
|Care All Ltd|||9,000|
|Chasdei Aharon|||5,000|
|E Du Poor Ltd|||6,000|
|Friends of Galanta|||9,000|
|Kehal Yisroel D'Chasidei Gur|||10,800|
|Mercaz Hatorah Belz Machnovke|||11,000|
|Mifal Hachesed ve hatzdoko|||5,000|
|Notzer Chesed|||8,000|
|Rehabilitation Trust|||9,000|
|Tachzokas Torah Vechesed|||5,000|
|Donations paid less than £5,000|||21,550|
|||||
|||||
|Total|||117,350|
|||||
|||||
## **4. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 5 April 2025 nor for the year ended 5 April 2024.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 5 April 2025 nor for the year ended 5 April 2024.
## **5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
||Unrestricted|
|---|---|
||fund|
||£|
|**INCOME AND ENDOWMENTS FROM**||
|Investment income|238,060|
|**EXPENDITURE ON**||
|**Charitable activities**||
|Donations to institutions|89,650|
|Other|169,536|
|**Total**|259,186|
|**NET INCOME/(EXPENDITURE)**|(21,126)|
continued...
Page 7
**RS Charitable Trust**
**Notes to the Financial Statements - continued for the Year Ended 5 April 2025**
|**5.**
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**
**6.**
**TANGIBLE FIXED ASSETS**
**COST**
At 6 April 2024 and 5 April 2025
**NET BOOK VALUE**
At 5 April 2025
At 5 April 2024
**7.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
5.4.25
£
Taxation and social security
96,444
Other creditors
14,024
110,468
**8.**
**CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR**
5.4.25
£
Bank loans (see note 9)
1,161,245
**9.**
**LOANS**
An analysis of the maturity of loans is given below:
5.4.25
£
Amounts falling due in more than five years:
Repayable by instalments:
Bank loans more 5 yr by instal
1,161,245|Unrestricted
fund
£
2,930,431
2,909,305
Freehold
property
£
4,079,672
4,079,672
4,079,672
5.4.24
£
93,728
17,524
111,252
5.4.24
£
1,191,605
5.4.24
£
1,191,605|Unrestricted
fund
£
2,930,431
2,909,305
Freehold
property
£
4,079,672
4,079,672
4,079,672
5.4.24
£
93,728
17,524
111,252
5.4.24
£
1,191,605
5.4.24
£
1,191,605|
|---|---|---|
|||2,909,305|
|||Freehold
property
£
4,079,672
4,079,672
4,079,672
5.4.24
£
93,728
17,524
111,252
5.4.24
£
1,191,605
5.4.24
£
1,191,605|
||||
||||
||||
||||
continued...
Page 8
**RS Charitable Trust**
**Notes to the Financial Statements - continued for the Year Ended 5 April 2025**
## **10. MOVEMENT IN FUNDS**
|At 6/4/24
£
**Unrestricted funds**
General fund
2,909,305
**TOTAL FUNDS**
2,909,305
Net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
226,996
**TOTAL FUNDS**
226,996
**Comparatives for movement in funds**
At 6/4/23
£
**Unrestricted funds**
General fund
2,930,431
**TOTAL FUNDS**
2,930,431
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
238,060
**TOTAL FUNDS**
238,060|Net
movement
in funds
£
(21,329)
(21,329)
Resources
expended
£
(248,325)
(248,325)
Net
movement
in funds
£
(21,126)
(21,126)
Resources
expended
£
(259,186)
(259,186)|At 5/4/25
£
2,887,976
2,887,976
Movement
in funds
£
(21,329)
(21,329)
At 5/4/24
£
2,909,305
2,909,305
Movement
in funds
£
(21,126)
(21,126)|
|---|---|---|
continued...
Page 9
**RS Charitable Trust**
**Notes to the Financial Statements - continued for the Year Ended 5 April 2025**
## **10. MOVEMENT IN FUNDS - continued**
A current year 12 months and prior year 12 months combined position is as follows:
|**Unrestricted funds**
General fund
**TOTAL FUNDS**|At 6/4/23
£
2,930,431
2,930,431|Net
movement
in funds
£
(42,455)
(42,455)|At 5/4/25
£
2,887,976|
|---|---|---|---|
||||2,887,976|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
||Incoming|Resources|Movement|
|---|---|---|---|
||resources|expended|in funds|
||£|£|£|
|**Unrestricted funds**||||
|General fund|465,056|(507,511)|(42,455)|
|**TOTAL FUNDS**|465,056|(507,511)|(42,455)|
## **11. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 5 April 2025.
Page 10
**RS Charitable Trust**
## **Detailed Statement of Financial Activities for the Year Ended 5 April 2025**
|**INCOME AND ENDOWMENTS**
**Investment income**
Rents received
**Total incoming resources**
**EXPENDITURE**
**Charitable activities**
Grants to institutions
**Support costs**
**Management**
Insurance
Legal & Professional Fees
Sundries and repairs
Accountancy
Bank charges
Bank loan interest
Total resources expended
**Net expenditure**|5.4.25
£
226,996
226,996
117,350
13,347
1,125
7,772
3,500
54
105,177
130,975
248,325
(21,329)|5.4.24
£
238,060
238,060
89,650
12,281
11,000
38,190
3,500
52
104,513
169,536
259,186
(21,126)|
|---|---|---|
This page does not form part of the statutory financial statements
Page 11