``` 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`**|| |---|---|---|---| |**`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`**||`10`|| |**`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 requi￿5 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 AC￿pted 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 p￿SuMe 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 ```