REGISTERED CHARITY NUMBER: 1063559
REPORT OF THE TRUSTEES AND
AUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
FOR
THE DYNA AND FALA WEINSTOCK CHARITABLE
TRUST
THP Limited
Chartered Accountants
and Statutory Auditors
34-40 High Street
Wanstead
London
E11 2RJ
THE DYNA AND FALA WEINSTOCK CHARITABLE
TRUST
CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
|
|
Page |
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Reference and Administrative Details |
|
1 |
|
Report of the Trustees |
2 |
to |
5 |
Report of the Independent Auditors |
6 |
to |
8 |
Statement of Financial Activities |
|
9 |
|
Balance Sheet |
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10 |
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Notes to the Financial Statements |
11 |
to |
17 |
THE DYNA AND FALA WEINSTOCK CHARITABLE
TRUST
REFERENCE AND ADMINISTRATIVE DETAILS
FOR THE YEAR ENDED 31 MARCH 2025
TRUSTEES |
Mr P J Swimer |
|
Mr I Weinstock |
|
Dr D Krasner |
PRINCIPAL ADDRESS |
Ground Floor |
|
Churchill House |
|
120 Bunns Lane |
|
Mill Hill |
|
NW7 2AS |
REGISTERED CHARITY NUMBER |
1063559 |
AUDITORS |
THP Limited |
|
Chartered Accountants |
|
and Statutory Auditors |
|
34-40 High Street |
|
Wanstead |
|
London |
|
E11 2RJ |
SOLICITORS |
Howard Kennedy |
|
No.1 London Bridge |
|
London |
|
SE1 9BG |
ADVISERS |
Investment Managers |
|
Canaccord Genuity Wealth Management |
|
88 Wood Street |
|
London |
|
EC2V 7QR |
|
Investment Managers |
|
Julius Baer International Ltd |
|
20-23 Greville Street |
|
London |
|
EC1N 8SS |
Page 1
THE DYNA AND FALA WEINSTOCK CHARITABLE
TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2025
Thetrusteespresenttheirreportwiththefinancialstatementsofthecharityfortheyearended31March2025. The
trusteeshaveadoptedtheprovisionsofAccountingandReportingbyCharities:StatementofRecommended Practice
applicabletocharitiespreparingtheiraccountsinaccordancewiththeFinancialReportingStandardapplicablein the
UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
ThetrusteeshavethepowerundertheTrustDeedtoapplytheTrustFundforanycharitablepurposeattheir absolute
discretion.HowevertheprimaryconsiderationofthetrusteesistoapplytheTrustFundformedical projects
principallyinrelationtoprovidingbloodclinicsandworktowardsthealleviationofsymptomsofblooddisorders, and
research into and development of cures and treatments for sufferers of blood disorders.
Duringtheyearthecharity'sobjectivesweretocontinuetosupportawidevarietyofregisteredcharitiesoperating in
medical, educational, cultural and poverty relief activities in the United Kingdom, Eastern Europe and Israel.
Thecharityisabletoachieveitsobjectivesbythereleaseofincomeandcapitalfromitsinvestmentportfoliowhich is
used to fund grants to other charitable organisations.
ThetrusteeshavepaiddueregardtotheCharityCommission'spublicbenefitguidanceinconsideringthe Charity's
objectivesandactivities.Thetrusteesconsiderthatanyreaderwouldbesatisfiedtheactionsofthecharity work
towards these objectives.
Insettingobjectivesandplanningforactivities,thetrusteeshavegivendueconsiderationtogeneral guidance
publishedbytheCharityCommissionrelatingtopublicbenefit,includingtheguidance'Publicbenefit:running a
charity (PB2)'.
Applications for funding
OrganisationswhowouldliketoapplytotheDynaandFalaWeinstockCharitableTrustforfundingofprojects are
invited to submit a written application to the trustees at:
Dyna and Fala Weinstock Charitable Trust
Ground Floor
Churchill House
120 Bunns Lane
Mill Hill
NW7 2AS
Thecharitywillonlyacceptapplicationsfromregisteredcharities.Fundingisprovidedforbothcoreandcapital project
costs.
Thetrusteesmeetregularlytoreviewallapplicationswhichfallwithinthecurrentprioritiesforfundingand review
eachapplicationwithinthreemonthsofreceipt.Mostofthegrantsawardedareone-offpaymentsbutrecurring grants
foruptoayearmaybemadesubjecttospecificconditions.Theseconditionsincludeanannualprogress review
wherepaymentofsubsequentyears'grantsisdependentonthesatisfactoryoutcomeoftheprogressreview or
recipientsbeingabletoprovetheyhaveobtainedfullfundingforthespecificproject.Furtherappeals from
organisations will not normally be considered for three years from the date of the final award.
Contactismaintainedwithrecipientsofgrantsformallythroughreceiptofreportsfromcharitiesorinformallyvia the
trustees visiting the donee.
Grantmaking
TheCharity’spolicyongrant-makingistobeprimarilyreactiveandpragmatic,withtheaimofselectingthe best
projects from applications received. Most grants are for core funding or capital projects.
Thetrusteesassessgrantapplications,takingintoaccountkeyfactorssuchastheextentoftheneed,evidence of
effectiveness,capacitytodeliver,andthelengthoftimesincethelastgrantwasmadetotheapplicant,aswellas the
charitable aims of the project. The trustees decide at their meetings which applicants to fund.
Page 2
THE DYNA AND FALA WEINSTOCK CHARITABLE
TRUST
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025
ACHIEVEMENTS AND PERFORMANCE
Charitable activities
Main achievements of the charity
DonationsbytheTrusthavehelpedalleviatetheeffectsofpoverty,illhealthandabuseintheUK,EasternEurope and
Israel as well as advancing education in many fields.
Highlights:
TheTrustgranted£350,000totheFederationofJewishReliefOrganisationsfortheirnew Oncology-Hematology
Centre in the Hillel Yaffe Medical Centre in Hadera, Israel.
TheTrustgranted£200,000totheLaniadoHospitalUK,forthePeritonealTreatmentUnitinthenew Dialysis
department.
The Trust granted £271,470 to Shaare Zedek UK, towards an Angiography Treatment room.
Investment performance
UndertheDeedofVariation,thetrusteesmayinvestorappropriatetheTrustFundastheythinkfit.Decisionsof the
majority of the Trustees present acting at any duly constituted meeting are valid and binding on all the Trustees.
ThetrusteeshaveengagedJuliusBaerGroupandCanaccordGenuityWealthManagementtoprovidethem with
professionalinvestmentmanagementadvice.At1April2024,thevaluationoftheinvestmentportfolios was
£4,210,786.Afterbringinginadditionsof£1,855,205,disposalsof£2,136,000andunrealisedrevaluationloss of
£86,930,theclosingvaluationoftheinvestmentportfolioswas£3,843,061,whichrepresentsadecreaseof8.7% in
the year.
Theinvestmentsthisyeargeneratedanetlossof£86,930(2024:£565,756profit).TheJuliusBaerportfolioisa small
numberoflargeinvestments,whereastheCanaccordGenuityWealthManagementinvestmentportfolioholdingis a
larger number of investments at smaller values with the aim to diversify.
FINANCIAL REVIEW
Financial position
Thestatementoffinancialpositionsetoutonpage10ofthefinancialstatementsshowsthefinancialpositionof the
Trust at 31 March 2025.
The market value of the investments was £3,843,061 (2024: £4,210,786).
Principal funding sources
Theprincipalfundingsourceofthecharityisinvestmentincomereceivedintheformofdividendsonequity shares
andinterestoncashbalances.Totalincomingresourcesamountedto£111,749(2024:£118,063).TheTrustdoes not
actively fundraise from the public.
Investment policy and objectives
Investmentsareheldforgrowthunderthemanagementofprofessionalcustodians.Theobjectiveofthe investment
policy is to generate income that can be used to make grants in support of the charity's objectives.
Reserves policy
At31March2025,theunrestrictedreservesoftheTrustamountedto£3,301,024(2024:£4,629,144).Thepolicy of
thetrusteesistoholdtheincomeofthecharityinreserves,whichwillbeappliedtowardstheTrust'sgrant making
activitiesandtomeettheTrust'songoingoverheadsandadministrativeexpenses.Whilethecurrentyearshowsa net
reductioninthefundsofthecharity,thetrusteesremaincommittedtomakinggrantstoinstitutionstofund projects
which work towards the objectives of the charity.
Going concern
TheincomeoftheTrustisalmostentirelyderivedfrominvestmentsheldbyaninvestmentportfoliomanaged by
JuliusBaerGroupandCanaccordGenuityWealthManagement.Theinvestmentportfoliosholdsadiverserange of
investmentswhichreducetheinvestmentholdingrisk.Thetrusteesarealsoawareofthepossibilityof reduced
dividendandinterestincome.Therearehoweversignificantunrestrictedfundsavailableandtheyconsiderthat the
Trust would continue to meet its obligations as they fall due.
ThustheTrusteeshaveareasonableexpectationthatthecharityhasadequateresourcestocontinuein operational
existencefortheforeseeablefuture.Forthisreason,theycontinuetoadoptthegoingconcernbasisinpreparing the
financialstatements.Furtherdetailsregardingtheadoptionofthegoingconcernbasiscanbefoundinthe accounting
policies.
Page 3
THE DYNA AND FALA WEINSTOCK CHARITABLE
TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2025
FUTURE PLANS
Todistributethefundstoarangeofcharitableinstitutions,focusingmainly,butnotexclusively,onthe stated
objectives of the trust.
ToperpetuatethememoryofDynaandFalaWeinstockthroughcommemorationsassociatedwiththe larger
donations.
To manage the assets of the trust in a prudent manner, with the benefit of professional advice.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
TheDynaandFalaWeinstockCharitableTrustisanunincorporatedregisteredcharity,number1063559.The Trust
wasestablishedandisgovernedbytheDeedofVariationintheEstateoftheLateDynaMalkaMlynek- Wajnsztok
dated 4 June 1997.
Recruitment and appointment of new trustees
UndertheDeedofVariation,thepowerofappointingnewtrusteesofthecharitywasvestedinFala Weinstock
(deceased).Sinceherdeathon1August2001,atrusteemaybeappointedordischargedbyaresolutionofa meeting
of the trustees. None of the trustees has any beneficial interest in the charity.
Newtrusteesundergoanorientationdaytobriefthemontheirlegalobligationsundercharitylaw,thecommittee, the
decisionmakingprocess,thebusinessplanandrecentfinancialperformanceoftheCharity.Trusteesare encouraged
to attend appropriate external training events which will facilitate the undertaking of their role.
Duetothesizeofthecharitythetrusteesdonothaveofficialroles.Decisionsaretakenjointlyatmeetingsof the
trustees.
Risk management
Therisksarereviewedonaregularbasisatthemeetingsoftrustees.Systemsandprocedureshavebeenputin place
tomanagethoserisks.Inparticular,riskismanagedbythetrusteeswhoensureitisconsideredandintegral element
of all decision making and identify appropriate procedures to ensure that risk levels are acceptable in each case.
The main risks are described below:
Market risk
Marketriskarisesonthecharity'slistedinvestments;exposureismitigatedviaprofessionaldiscretionary managers
(Julius Baer and Canaccord) and diversification.
Currency risk
CurrencyriskarisesonnonUKholdingsanddividends;thetrusteesmonitortheimpactand,whereappropriate, hold
a proportion of cash in sterling.
Credit risk
Creditriskrelatestobankdepositsandreceivables;depositsareheldwithreputableinstitutionsandreceivables are
low.
Liquidity risk
Liquidity risk is managed by maintaining adequate cash and the ability to realise investments.
Disclosure of information to auditor
Each of the persons who are trustees at the time when this Trustees' report is approved has confirmed that:
- so far as that trustee is aware, there is no relevant audit information of which the charity's auditor is
unaware, and
-thattrusteehastakenallthestepsthatoughttohavebeentakenasatrusteeinordertobeawareofany relevant
audit information and to establish that the charity's auditor is aware of that information.
TRUSTEES' RESPONSIBILITY STATEMENT
ThetrusteesareresponsibleforpreparingtheReportoftheTrusteesandthefinancialstatementsinaccordance with
applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Page 4
THE DYNA AND FALA WEINSTOCK CHARITABLE
TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2025
TRUSTEES, RESPONSIBILrrY STATEMEKf- continued
Charity law requi5 the trustees to prepare financial statements for eèch financial year. Under that law, the trustees
have elerted to prepa the financlal stat.ements In ac.cordafj wlth Unltèd Klngdom G@nÈrally ACpted Accounting
Practlce Iunlted Kingdom Accounting Standards and applicable law).
Under charfty law the trustee5 must not approve the flnanelal statements unless they are sallsfied that they give a
tnje and falr view of the state of affair5 of the charity and of the incotning resources and application of resources,
Including the Income and expendltLJre, of the Charlty fDr that perlod. In preparlng those flnantlal statements, the
trustees are requlred to
select sultable actountlng pollcles and then apply them conslstently,
observe the ¥nethods ar)d prfnclples In the Charltles SORP;
make judoements and estimates that are reasonable an¢J prudent,.
prepare the flnanclal statements on the golng concern basls unless 5t Is Inapproprfate to pSuMe that the charfty
wlll contlnue In buslnes8.
The trustees are responslble for keeplng proper accountlng r¢cDrds whlch dlstlose wlth reasonable accuracy at any
tlme the flnanclal posltlon r)f the charlty and to enable them to ensure thdt tlie fliianclal staiemenLs coniply wbtli thc
cliaril.4 Act 2011 and Tli¢ Charity (Accouiiis aiid Roportsl Rogulatlons 2008. Thoy are also respon51ble ftir
safoguardlng the assets of the rharlty and henrE for taklng reasonable. steps for the pre.ventlon and detertlon of fraud
and other Irregularltles.
AUDXTORS
The aiidltors, THP Llmlted, wlll be proposed for re-appolntment.
Approved by order ol the board oltrustees on 13 January 2026 and sloned on Its behalf by,.
wJf_-,
Mr P J Swlmer - Trustee
Page 5
REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF
THE DYNA AND FALA WEINSTOCK CHARITABLE
TRUST
Opinion
WehaveauditedthefinancialstatementsofTheDynaandFalaWeinstockCharitableTrust(the'charity')forthe year
ended31March2025whichcomprisetheStatementofFinancialActivities,theBalanceSheetandnotesto the
financialstatements,includingasummaryofsignificantaccountingpolicies.Thefinancialreportingframework that
hasbeenappliedintheirpreparationisapplicablelawandUnitedKingdomAccountingStandards(United Kingdom
Generally Accepted Accounting Practice).
In our opinion the financial statements:
-
give a true and fair view of the state of the charity's affairs as at 31 March 2025 and of its incoming resources and application of resources, for the year then ended;
-
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-
have been prepared in accordance with the requirements of the Charities Act 2011.
Basis for opinion
WeconductedourauditinaccordancewithInternationalStandardsonAuditing(UK)(ISAs(UK))andapplicable law.
OurresponsibilitiesunderthosestandardsarefurtherdescribedintheAuditors'responsibilitiesfortheauditof the
financialstatementssectionofourreport.Weareindependentofthecharityinaccordancewiththe ethical
requirementsthatarerelevanttoourauditofthefinancialstatementsintheUK,includingtheFRC'sEthical Standard,
andwehavefulfilledourotherethicalresponsibilitiesinaccordancewiththeserequirements.Webelievethat the
audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
Inauditingthefinancialstatements,wehaveconcludedthatthetrustees'useofthegoingconcernbasisof accounting
in the preparation of the financial statements is appropriate.
Basedontheworkwehaveperformed,wehavenotidentifiedanymaterialuncertaintiesrelatingtoevents or
conditionsthat,individuallyorcollectively,maycastsignificantdoubtonthecharity'sabilitytocontinueasa going
concern for a period of at least twelve months from when the financial statements are authorised for issue.
Ourresponsibilitiesandtheresponsibilitiesofthetrusteeswithrespecttogoingconcernaredescribedinthe relevant
sections of this report.
Other information
Thetrusteesareresponsiblefortheotherinformation.Theotherinformationcomprisestheinformationincluded in
the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.
Ouropiniononthefinancialstatementsdoesnotcovertheotherinformationand,excepttotheextent otherwise
explicitly stated in our report, we do not express any form of assurance conclusion thereon.
Inconnectionwithourauditofthefinancialstatements,ourresponsibilityistoreadtheotherinformationand, in
doingso,considerwhethertheotherinformationismateriallyinconsistentwiththefinancialstatementsor our
knowledgeobtainedintheauditorotherwiseappearstobemateriallymisstated.Ifweidentifysuch material
inconsistenciesorapparentmaterialmisstatements,wearerequiredtodeterminewhetherthisgivesrisetoa material
misstatementinthefinancialstatementsthemselves.If,basedontheworkwehaveperformed,weconclude that
thereisamaterialmisstatementofthisotherinformation,wearerequiredtoreportthatfact.Wehavenothing to
report in this regard.
Matters on which we are required to report by exception
WehavenothingtoreportinrespectofthefollowingmatterswheretheCharities(AccountsandReports) Regulations
2008 requires us to report to you if, in our opinion:
-
the information given in the Report of the Trustees is inconsistent in any material respect with the financial statements; or
-
sufficient accounting records have not been kept; or
-
the financial statements are not in agreement with the accounting records and returns; or
-
we have not received all the information and explanations we require for our audit.
Responsibilities of trustees
AsexplainedmorefullyintheTrustees'ResponsibilitiesStatement,thetrusteesareresponsibleforthepreparation of
thefinancialstatementswhichgiveatrueandfairview,andforsuchinternalcontrolasthetrusteesdetermine is
necessarytoenablethepreparationoffinancialstatementsthatarefreefrommaterialmisstatement,whetherdue to
fraud or error.
Inpreparingthefinancialstatements,thetrusteesareresponsibleforassessingthecharity'sabilitytocontinueas a
goingconcern,disclosing,asapplicable,mattersrelatedtogoingconcernandusingthegoingconcernbasis of
accountingunlessthetrusteeseitherintendtoliquidatethecharityortoceaseoperations,orhaveno realistic
alternative but to do so.
Page 6
REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF
THE DYNA AND FALA WEINSTOCK CHARITABLE
TRUST
Our responsibilities for the audit of the financial statements
WehavebeenappointedasauditorsunderSection144oftheCharitiesAct2011andreportinaccordancewith the
Act and relevant regulations made or having effect thereunder.
Ourobjectivesaretoobtainreasonableassuranceaboutwhetherthefinancialstatementsasawholearefree from
materialmisstatement,whetherduetofraudorerror,andtoissueaReportoftheIndependentAuditorsthat includes
ouropinion.Reasonableassuranceisahighlevelofassurance,butisnotaguaranteethatanauditconducted in
accordancewithISAs(UK)willalwaysdetectamaterialmisstatementwhenitexists.Misstatementscanarise from
fraudorerrorandareconsideredmaterialif,individuallyorintheaggregate,theycouldreasonablybeexpected to
influence the economic decisions of users taken on the basis of these financial statements.
The extent to which the audit was considered capable of detecting irregularities including fraud
Ourapproachtoidentifyingandassessingtherisksofmaterialmisstatementinrespectofirregularities, including
fraud and non-compliance with laws and regulations, was as follows:
-theengagementpartnerensuredthattheengagementteamcollectivelyhadtheappropriate competence,
capabilities and skills to identify or recognise non-compliance with applicable laws and regulations;
-
we identified the laws and regulations applicable to the Charity through discussions with trustees, and from our
-
knowledge and experience of the sector in which the Charity operates;
-
we focused on specific laws and regulations which we considered may have a direct material effect on the financial
-
statements or the operations of the Charity, including the Charities Act and SORP requirements;
-
we assessed the extent of compliance with the laws and regulations identified above through making enquiries of
-
management and inspecting legal correspondence; and
-
identified laws and regulations were communicated within the audit team regularly and the team remained alert to
-
instances of non-compliance throughout the audit.
WeassessedthesusceptibilityoftheCharity'sfinancialstatementstomaterialmisstatement,includingobtaining an
understanding of how fraud might occur, by:
-
making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of
-
actual, suspected and alleged fraud; and
-
considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations. To address the risk of fraud through management bias and override of controls, we:
-
performed analytical procedures to identify any unusual or unexpected relationships;
-
tested journal entries to identify unusual transactions;
-
assessed whether judgements and assumptions made in determining the accounting estimates were indicative of
-
potential bias; and
-
investigated the rationale behind significant or unusual transactions.
Inresponsetotheriskofirregularitiesandnon-compliancewithlawsandregulations,wedesignedprocedures which
included, but were not limited to:
-
agreeing financial statement disclosures to underlying supporting documentation;
-
enquiring of management as to actual and potential litigation and claims; and
-
reviewing correspondence with Charities Commission and any other relevant regulators as required.
Thereareinherentlimitationsinourauditproceduresdescribedabove.Themoreremovedthatlawsand regulations
arefromfinancialtransactions,thelesslikelyitisthatwewouldbecomeawareofnon-compliance.Auditing standards
alsolimittheauditproceduresrequiredtoidentifynon-compliancewithlawsandregulationstoenquiryofthe trustees
and the inspection of regulatory and legal correspondence, if any.
Materialmisstatementsthatariseduetofraudcanbehardertodetectthanthosethatarisefromerrorasthey may
involve deliberate concealment or collusion.
Afurtherdescriptionofourresponsibilitiesfortheauditofthefinancialstatementsislocatedonthe Financial
ReportingCouncil'swebsiteatwww.frc.org.uk/auditorsresponsibilities.ThisdescriptionformspartofourReportof the
Independent Auditors.
Page 7
REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF THE DYNA AND FALA WEINSTOCK CHARITABLE TRUST
Use of our report
This report is made solely to the charity's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, for our audit work, for this report, or for the opinions we have formed.
THP Limited Chartered Accountants and Statutory Auditors 34-40 High Street Wanstead London E11 2RJ
13 January 2026
Page 8
THE DYNA AND FALA WEINSTOCK CHARITABLE
TRUST
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025
Notes
INCOME AND ENDOWMENTS FROM
Investment income
3
EXPENDITURE ON
Raising funds
4
Charitable activities
5
Charitable activities
Support costs
Total
Net gains/(losses) on investments
NET INCOME/(EXPENDITURE)
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD |
2025
Unrestricted
fund
£
111,749
706
1,278,622
73,611
1,352,939
(86,930)
(1,328,120)
4,629,144
3,301,024 |
2024
Total
funds
£
118,063 |
|
|
6,501
354,450
62,804 |
|
|
423,755 |
|
|
565,756 |
|
|
260,064
4,369,080 |
|
|
4,629,144 |
The notes form part of these financial statements
Page 9
THE DYNA AND FALA WEINSTOCK CHARrrABLE
TRUST
BALANCE SHEET
31 MARCH 2025
2025
Unrestrleted
fund
2024
Totril
funds
Notes
FIXED ASSETS
Investments
3,843,061
4,21n,786
CURRENT ASSETS
Debtprs
Cash at bank
io
1,507
122,985
1,674
661,984
124,492
663,658
CREDrroRS
Amounts falling due witliin one ye¢ir
(666,529)
(24),300)
NET CURRENT ASSETS
(542,037)
418,358
TOTAL ASSETS LESS CURRENT LIABILITIES
3,301,024
4,629,144
NET ASSETS
3,301,024
4,629,144
FUNDS
UniEStri¢tsd funds
3,301,024
4,629,144
TOTAL FUNDS
3,301,024
4,629,144
The flnanclal 51aterrieri15 were 8yproved by the Bcjard of Trustees and authorlsed for Issue on 13 lanLJary 2026 Jnd
were slgned on Its behalf by..
Mr P J Swlmer - Trustep
Mr I Welnst¢xk - Trustee
Dr D Krasner - Trustee
The notes fomi part of these financial statements
Page 10
THE DYNA AND FALA WEINSTOCK CHARITABLE
TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
1. GENERAL INFORMATION
TheDynaandFalaWeinstockCharitableTrustisacharityregisteredinEnglandandWales.The Charity's
registerednumberis1063559andtheprincipalofficeisGroundFloor,ChurchillHouse,120BunnsLane, Mill
Hill, NW7 2AS.
The financial statements are presented in Sterling (£).
2. ACCOUNTING POLICIES
Basis of preparing the financial statements
Thefinancialstatementsofthecharity,whichisapublicbenefitentityunderFRS102,havebeenprepared in
accordancewiththeCharitiesSORP(FRS102)'AccountingandReportingbyCharities:Statement of
RecommendedPracticeapplicabletocharitiespreparingtheiraccountsinaccordancewiththe Financial
ReportingStandardapplicableintheUKandRepublicofIreland(FRS102)(effective1January 2019)',
FinancialReportingStandard102'TheFinancialReportingStandardapplicableintheUKandRepublic of
Ireland'andtheCharitiesAct2011.Thefinancialstatementshavebeenpreparedunderthehistorical cost
convention,withtheexceptionofinvestmentswhichareincludedatmarketvalue,asmodifiedby the
revaluation of certain assets.
Going concern
Aftermakingenquiries,thetrusteeshaveareasonableexpectationthatthecharityhasadequateresources to
continueinoperationalexistenceandmeetitsliabilitiesastheyfallduefortheforeseeablefuture,being a
periodofatleasttwelvemonthsfromthedatethesefinancialstatementswereapproved.Accordingly, they
continue to adopt the going concern basis in preparing the financial statements.
Income
AllincomeisrecognisedintheStatementofFinancialActivitiesoncethecharityhasentitlementtothefunds, it
is probable that the income will be received and the amount can be measured reliably.
Interestonfundsheldondepositisincludedwhenreceivableandtheamountcanbemeasuredreliablyby the
charity;thisisnormallyuponnotificationoftheinterestpaidorpayablebytheinstitutionwithwhomthe funds
are deposited.
Expenditure
Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructiveobligationcommitting the
charitytothatexpenditure,itisprobablethatatransferofeconomicbenefitswillberequiredin settlement
andtheamountoftheobligationcanbemeasuredreliably.Expenditureisaccountedforonanaccruals basis
andhasbeenclassifiedunderheadingsthataggregateallcostrelatedtothecategory.Wherecostscannot be
directlyattributedtoparticularheadingstheyhavebeenallocatedtoactivitiesonabasisconsistentwith the
use of resources.
All expenditure is inclusive of irrecoverable VAT.
Grantsofferedsubjecttoconditionswhichhavenotbeenmetattheyearenddatearenotedasa commitment
and are accrued as expenditure.
Taxation
The charity is exempt from tax on its charitable activities.
Foreign currencies
Assetsandliabilitiesinforeigncurrenciesaretranslatedintosterlingattheratesofexchangerulingat the
balancesheetdate.Transactionsinforeigncurrenciesaretranslatedintosterlingattherateof exchange
rulingatthedateoftransaction.Exchangedifferencesaretakenintoaccountinarrivingatthe operating
result.
Investments
Fixedassetinvestmentsareaformoffinancialinstrumentandareinitiallyrecognisedattheirtransaction cost
andsubsequentlymeasuredatfairvalueattheBalancesheetdate,unlessthevaluecannotbe measured
reliablyinwhichcaseitismeasuredatcostlessimpairment.Investmentgainsandlosses,whetherrealised or
unrealised,arecombinedandpresentedas‘Gains/(Losses)oninvestments’intheStatementof financial
activities.
Fund accounting
Generalfundsareunrestrictedfundswhichareavailableforuseatthediscretionofthetrusteesin furtherance
of the general objectives of the charity and which have not been designated for other purposes.
Investment income, gains and losses are allocated to the appropriate fund.
continued...
Page 11
THE DYNA AND FALA WEINSTOCK CHARITABLE
TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025
2. ACCOUNTING POLICIES - continued
Financial instruments
The charity has elected to apply Sections 11 and 12 of FRS 102 in respect of financial instruments.
The charity's financial instruments comprise cash, receivables, payables and listed investments.
Financialassetsandfinancialliabilitiesarerecognisedwhenthecharitybecomespartytothe contractual
provisions of the instrument.
Financialliabilitiesandequityinstrumentsareclassifiedaccordingtothesubstanceofthe contractual
arrangementsenteredinto.Anequityinstrumentisanycontractthatevidencesaresidualinterestin the
assets of the charity after deducting all of its liabilities.
The charity's policies for its major classes of financial assets and financial liabilities are set out below:
Financial assets
Basicfinancialassets,includingotherdebtorsandcashandbankbalancesareinitiallyrecognised at
transactionprice,unlessthearrangementconstitutesafinancingtransaction,wherethetransaction is
measuredatthepresentvalueofthefuturereceiptsdiscountedatamarketrateofinterestforasimilar debt
instrument.Financingtransactionsarethoseinwhichpaymentisdeferredbeyondnormalbusinesstermsor is
financed at a rate of interest that is not a market rate.
Suchassetsaresubsequentlycarriedatamortisedcostusingtheeffectiveinterestmethod,less any
impairment.
Financial liabilities
Basicfinancialliabilities,includingothercreditorsareinitiallyrecognisedattransactionprice,unless the
arrangementconstitutesafinancingtransaction,wherethedebtinstrumentismeasuredatthepresent value
ofthefuturepaymentsdiscountedatamarketrateofinterestforasimilardebtinstrument. Financing
transactionsarethoseinwhichpaymentisdeferredbeyondnormalbusinesstermsorisfinancedatarate of
interest that is not a market rate.
Debtinstrumentsaresubsequentlycarriedatamortisedcost,usingtheeffectiveinterestratemethod,less any
impairment.
3. INVESTMENT INCOME
INVESTMENT INCOME |
|
|
Dividends receivable - UK
Dividends receivable - Non UK
Interest receivable
Investment interest receivable |
2025
£
47,556
17,366
3,283
43,544
111,749 |
2024
£
50,552
29,814
6,485
31,212 |
|
|
118,063 |
4.
RAISING FUNDS
Raising donations and legacies
Raising donations and legacies |
|
|
Direct costs
Foreign exchange differences |
2025
2024
£
£
(2,716)
3,440
3,422
3,061
706
6,501 |
|
|
|
6,501 |
continued...
Page 12
THE DYNA AND FALA WEINSTOCK CHARITABLE
TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025
5. CHARITABLE ACTIVITIES COSTS
CHARITABLE ACTIVITIES COSTS |
|
|
|
Charitable activities
Support costs |
Grant
funding of
activities
£
1,278,470
-
1,278,470 |
Support
costs (see
note 6)
£
152
73,611
73,763 |
Totals
£
1,278,622
73,611 |
|
|
|
1,352,233 |
Analysis of expenditure on charitable activities
|
2025 |
2024 |
|
£ |
£ |
|
|
|
Institutional grants |
1,278,470 |
354,450 |
Accountancy fees |
2,400 |
1,380 |
Auditors' remuneration |
8,400 |
10,350 |
Investment management charges |
62,811 |
51,074 |
|
|
|
|
1,352,081 |
417,254 |
|
|
|
The charity has made the following grants to institutions and charities during the year:
|
2025 |
2024 |
|
£ |
£ |
|
|
|
Bar Ilan University |
50,000 |
- |
The Benji Hillman Foundation |
47,200 |
- |
British Emunah Fund |
- |
40,000 |
British Friend of Shuvu |
- |
25,000 |
Camp Simcha |
40,000 |
- |
The Central British Fund for World Jewish Relief |
- |
50,000 |
Federation of Jewish Relief Organisations |
350,000 |
- |
Hadassah Medical Relief Association UK |
150,000 |
- |
JLE |
- |
20,000 |
JNF Charitable Trust |
- |
48,000 |
Laniado Hospital UK |
200,000 |
- |
Magen David Adom UK |
- |
20,000 |
National Holocaust Centre (Beth Shalom) |
25,000 |
- |
Shaare Zedek UK |
271,470 |
- |
UK Toremet |
- |
75,000 |
Work Avenue |
25,000 |
- |
Yad Sarah |
20,000 |
- |
Yesodeh Hatorah Primary Girls School Trust |
- |
30,000 |
Other donations |
99,800 |
46,450 |
|
|
|
|
1,278,470 |
354,450 |
|
|
|
6. SUPPORT COSTS
SUPPORT COSTS |
|
|
|
Charitable activities
Support costs |
G
Finance
£
152
62,811
62,963 |
overnance
costs
£
-
10,800
10,800 |
Totals
£
152
73,611 |
|
|
|
73,763 |
continued...
Page 13
THE DYNA AND FALA WEINSTOCK CHARITABLE
TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025
6. SUPPORT COSTS - continued
Support costs are analysed as below:
|
2025 |
2024 |
|
£ |
£ |
|
|
|
Accountancy fees |
2,400 |
1,380 |
Auditors' remuneration |
8,400 |
10,350 |
Investment management charges |
62,811 |
51,074 |
|
|
|
|
73,611 |
62,804 |
|
|
|
7. TRUSTEES' REMUNERATION AND BENEFITS
Therewerenotrustees'remunerationorotherbenefitsfortheyearended31March2025norforthe year
ended 31 March 2024.
Trustees' expenses
Therewerenotrustees'expensespaidfortheyearended31March2025norfortheyear ended
31 March 2024.
8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
INCOME AND ENDOWMENTS FROM
Investment income
EXPENDITURE ON
Raising funds
Charitable activities
Charitable activities
Support costs
Total
Net gains on investments
NET INCOME
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD |
Unrestricted
fund
£
118,063 |
|
6,501
354,450
62,804 |
|
423,755 |
|
565,756 |
|
260,064
4,369,080 |
|
4,629,144 |
continued...
Page 14
THE DYNA AND FALA WEINSTOCK CHARITABLE
TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025
9. FIXED ASSET INVESTMENTS
FIXED ASSET INVESTMENTS |
|
|
|
|
Listed |
|
|
|
investments |
Listed |
|
|
Julius |
investments |
|
|
Baer |
Canaccord |
Totals |
|
£ |
£ |
£ |
MARKET VALUE |
|
|
|
At 1 April 2024 |
1,317,128 |
2,893,658 |
4,210,786 |
Additions |
1,024,826 |
830,379 |
1,855,205 |
Disposals |
(1,037,203) |
(1,098,797) |
(2,136,000) |
Change in market value |
12,612 |
(99,542) |
(86,930) |
At 31 March 2025 |
1,317,363 |
2,525,698 |
3,843,061 |
NET BOOK VALUE |
|
|
|
At 31 March 2025 |
1,317,363 |
2,525,698 |
3,843,061 |
At 31 March 2024 |
1,317,128 |
2,893,658 |
4,210,786 |
The listed investments above are a combination of UK and non-UK stock exchange.
Cost or valuation at 31 March 2025 is represented by:
Valuation in 2025
10.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Prepayments and accrued income
11.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Grant commitments
Accruals and deferred income
Grant commitments
Brought forward at 1 April 2024
New commitments during the year
Amounts released from previous periods
Grant commitments at 31 March 2025 |
Listed
investments
Julius
Baer
£
1,317,363
|
Listed
investments
Julius
Baer
£
1,317,363
|
Listed
investments
Canaccord
£
2,525,698
2025
£
1,507
2025
£
636,338
30,191
666,529 |
Totals
£
3,843,061
2024
£
1,674
2024
£
233,570
11,730
245,300 |
Totals
£
3,843,061
2024
£
1,674
2024
£
233,570
11,730
245,300 |
|
|
|
|
|
|
|
|
|
2025 |
|
2024 |
|
|
|
£ |
|
£ |
|
|
|
|
|
|
|
|
|
233,570 |
|
381,902 |
|
|
|
533,470 |
|
75,000 |
|
|
|
(130,702) |
|
(223,332) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
636,338 |
|
233,570 |
|
|
|
|
|
|
continued...
Page 15
THE DYNA AND FALA WEINSTOCK CHARITABLE
TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025
12. MOVEMENT IN FUNDS
MOVEMENT IN FUNDS |
|
|
|
|
|
|
|
|
|
Net |
|
|
|
|
|
movement |
At |
|
|
|
At 1.4.24 |
in funds |
31.3.25 |
|
|
|
£ |
£ |
£ |
Unrestricted funds |
|
|
|
|
|
General fund |
|
|
4,629,144 |
(1,328,120) |
3,301,024 |
TOTAL FUNDS |
|
|
4,629,144 |
(1,328,120) |
3,301,024 |
Net movement in funds, included in the above are as follows: |
|
|
|
|
|
|
Incoming |
|
Resources |
Gains and |
Movement |
|
resources |
|
expended |
losses |
in funds |
|
£ |
|
£ |
£ |
£ |
Unrestricted funds |
|
|
|
|
|
General fund |
111,749 |
(1,352,939) |
|
(86,930) |
(1,328,120) |
TOTAL FUNDS |
111,749 |
(1,352,939) |
|
(86,930) |
(1,328,120) |
Comparatives for movement in funds |
|
|
|
|
|
|
|
|
|
Net |
|
|
|
|
|
movement |
At |
|
|
|
At 1.4.23 |
in funds |
31.3.24 |
|
|
|
£ |
£ |
£ |
Unrestricted funds |
|
|
|
|
|
General fund |
|
|
4,369,080 |
260,064 |
4,629,144 |
TOTAL FUNDS |
|
|
4,369,080 |
260,064 |
4,629,144 |
Comparative net movement in funds, included in the above are |
|
as follows: |
|
|
|
|
Incoming |
|
Resources |
Gains and |
Movement |
|
resources |
|
expended |
losses |
in funds |
|
£ |
|
£ |
£ |
£ |
Unrestricted funds |
|
|
|
|
|
General fund |
118,063 |
|
(423,755) |
565,756 |
260,064 |
TOTAL FUNDS |
118,063 |
|
(423,755) |
565,756 |
260,064 |
A current year 12 months and prior year 12 months combined position is as follows:
Unrestricted funds
General fund
TOTAL FUNDS |
At 1.4.23
£
4,369,080
4,369,080 |
Net
movement
in funds
£
(1,068,056)
(1,068,056) |
At
31.3.25
£
3,301,024 |
|
|
|
3,301,024 |
continued...
Page 16
THE DYNA AND FALA WEINSTOCK CHARITABLE
TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025
12. MOVEMENT IN FUNDS - continued
Acurrentyear12monthsandprioryear12monthscombinednetmovementinfunds,includedinthe above
are as follows:
|
Incoming |
Resources |
Gains and |
Movement |
|
resources |
expended |
losses |
in funds |
|
£ |
£ |
£ |
£ |
Unrestricted funds |
|
|
|
|
General fund |
229,812 |
(1,776,694) |
478,826 |
(1,068,056) |
TOTAL FUNDS |
229,812 |
(1,776,694) |
478,826 |
(1,068,056) |
13. RELATED PARTY DISCLOSURES
There were no transactions with related parties in the year.
Duringtheyear,thecharitydonated£nil(2024:£70,000)toTheBritishFriendsofBethLohameiHagetaot, for
whom Mr Israel Chaim Weinstock, also holds a Trustee role.
Duringtheyear,thecharitydonated£nil(2024:£50,000)toTheWorldJewishRelief,inwhichMr Peter
Jonathan Swimer's daughter holds a Director role.
Page 17