Charity registration number 1069225 (England and Wales)
THE RABBI YISROEL YEHUDAH PERITZ CHARITABLE TRUST ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
THE RABBI YISROEL YEHUDAH PERITZ CHARITABLE TRUST
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Mr. Mark Sassoon Mr. Stephen Goldberg Mr. Benjamin Sassoon Mr. Joseph Pearlman
Charity number 1069225
Independent examiner
Syed Taufiq Pasha, FCCA Pasha & Co. 220 The Vale London NW11 8SR
Bankers
HSBC 40 Temple Fortune Parade Golders Green London NW11 0QU
THE RABBI YISROEL YEHUDAH PERITZ CHARITABLE TRUST
CONTENTS
| Page | |
|---|---|
| Trustees report | 1 - 2 |
| Independent examiner's report | 3 |
| Statement of financial activities | 4 |
| Balance sheet | 5 |
| Notes to the financial statements | 6 - 11 |
THE RABBI YISROEL YEHUDAH PERITZ CHARITABLE TRUST
TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2025
The trustees present their annual report and financial statements for the year ended 31 March 2025.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Charities Act 2011, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "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)".
Objectives and activities
The objectives of the charity , as established, continued unchanged are:
1 The advancement of education according to the tenets of the Orthodox Jewish faith
2 The Alleviation of poverty
3 The relief and care of orphans, the elderly and the infirm
4 The Preservation and protection of mental and physical health
Public Benefit
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.
Grant making policy
Grants are made to individuals, charitable institutions and organisations which accord with the objects of the Charity.
Achievements and performance
Financial review
In the period under review, the charity made a surplus of £30,297 (2024: deficit £99,673).
It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.
The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.
The charity accepts requests from improvised individuals and families and on the basis applies to individuals for donations in order to alleviate property and payment are made by the Trustees as and when they see fit.
Structure, governance and management
The Rabbi Yisroel Yehudah Peritz Charitable Trust is a legal registered charity (No. 1069225) and constituted by Deed of Trust.
The trustees who served during the year and up to the date of signature of the financial statements were: Mr. Mark Sassoon
Mr. Stephen Goldberg Mr. Benjamin Sassoon Mr. Joseph Pearlman
None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £1 in the event of a winding up.
The day to day activities are delegated to Mr. Mark Sassoon and supported by all other trustees.
- 1 -
THE RABBI YISROEL YEHUDAH PERITZ CHARITABLE TRUST
TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
The trustees report was approved by the Board of Trustees.
Mr. Mark Sassoon
Trustee Dated: 23 January 2026
- 2 -
THE RABBI YISROEL YEHUDAH PERITZ CHARITABLE TRUST
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF THE RABBI YISROEL YEHUDAH PERITZ CHARITABLE TRUST
I report to the trustees on my examination of the financial statements of The Rabbi Yisroel Yehudah Peritz Charitable Trust (the charity) for the year ended 31 March 2025.
Responsibilities and basis of report
As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011.
I report in respect of my examination of the charity’s financial statements carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011.
Independent examiner's statement
Your attention is drawn to the fact that the charity has prepared the financial statements in accordance with the relevant version of the Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn. I understand that this has been done in order for the financial statements to provide a true and fair view in accordance with UK Generally Accepted Accounting Practice.
I have completed my examination. I confirm that no 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 charity as required by section 130 of the Charities Act 2011.
-
2 the financial statements do not accord with those records; or
-
3 the financial statements do not comply with the applicable requirements concerning the form and content of financial statements set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the financial statements 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 financial statements to be reached.
Syed Taufiq Pasha, FCCA Pasha & Co.
220 The Vale London NW11 8SR
Dated: 23 January 2026
- 3 -
THE RABBI YISROEL YEHUDAH PERITZ CHARITABLE TRUST
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2025
| Unrestricted | Unrestricted | ||
|---|---|---|---|
| funds | funds | ||
| 2025 | 2024 | ||
| Notes | £ | £ | |
| Income from: | |||
| Donations and legacies | 2 | 59,085 | 48,749 |
| Investments | 3 | 31,117 | 42,878 |
| Total income | 90,202 | 91,627 | |
| Expenditure on: | |||
| Charitable activities | 4 | 59,905 | 191,300 |
| Total expenditure | 59,905 | 191,300 | |
| Net income/(expenditure) and movement in funds | 30,297 | (99,673) | |
| Reconciliation of funds: | |||
| Fund balances at 1 April 2024 | 931,633 | 1,031,306 | |
| Fund balances at 31 March 2025 | 961,930 | 931,633 |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
- 4 -
THE RABBI YISROEL YEHUDAH PERITZ CHARITABLE TRUST
BALANCE SHEET
AS AT 31 MARCH 2025
| Notes Fixed assets Tangible assets 10 Current assets Debtors 11 Cash at bank and in hand Creditors: amounts falling due within one year 13 Net current assets Total assets less current liabilities Creditors: amounts falling due after more than one year 14 Net assets The funds of the charity Unrestricted funds 15 |
2025 £ 107,501 8,590 116,091 (19,058) |
£ 864,897 97,033 961,930 - 961,930 961,930 961,930 |
2024 £ 107,501 7,449 114,950 (33,971) |
£ 864,897 80,979 945,876 (14,243) 931,633 931,633 931,633 |
|---|---|---|---|---|
The financial statements were approved by the trustees on 23 January 2026
Mr. Mark Sassoon Trustee
- 5 -
THE RABBI YISROEL YEHUDAH PERITZ CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
1 Accounting policies
Charity information
The Rabbi Yisroel Yehudah Peritz Charitable Trust is a legal registered charity (No. 1069225) and constituted by Deed of Trust.
1.1 Basis of preparation
The financial statements have been prepared in accordance with the charity's governing document, the Charities Act 2011, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "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)". The charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities not to prepare a statement of cash flows.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
1.2 Going concern
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
1.4 Income
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
1.5 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 settlement will be required and the amount of the obligation can be measured reliably.
All expenditure is accounted for on an accruals basis. All expenses including support costs and governance costs are allocated or apportioned to the applicable expenditure headings.
1.6 Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
- 6 -
THE RABBI YISROEL YEHUDAH PERITZ CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
1 Accounting policies
(Continued)
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Land and buildings
NIL
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.
1.7 Impairment of fixed assets
At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).
1.8 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.9 Financial instruments
The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
1.10 Taxation
The Charity is exempt from taxation.
- 7 -
THE RABBI YISROEL YEHUDAH PERITZ CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
2 Income from donations and legacies
| Unrestricted | Unrestricted | |
|---|---|---|
| funds | funds | |
| 2025 | 2024 | |
| £ | £ | |
| Donations and gifts | 59,085 | 48,749 |
| Income from investments | ||
| Unrestricted | Unrestricted | |
| funds | funds | |
| 2025 | 2024 | |
| £ | £ | |
| Rental income | 31,095 | 41,857 |
| Interest receivable | 22 | 1,021 |
| 31,117 | 42,878 |
3 Income from investments
4 Charitable activities
| Charitable Payments Charitable expenditure 2 2025 2025 £ £ Insurance - 2,513 Repairs and maintainence - 4,166 Bank charges - 130 Loan interest - 1,324 - 8,133 Donation payments 49,972 - Share of governance costs (see note 5) 1,800 - 51,772 8,133 |
Total 2025 Charitable Payments Charitable expenditure 2 2024 2024 £ £ £ 2,513 - 1,974 4,166 - 3,354 130 - 124 1,324 - 3,018 8,133 - 8,470 49,972 180,130 - 1,800 2,700 - 59,905 182,830 8,470 |
Total 2024 £ 1,974 3,354 124 3,018 |
|---|---|---|
| 8,470 180,130 2,700 |
||
| 191,300 |
- 8 -
THE RABBI YISROEL YEHUDAH PERITZ CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
5 Support costs allocated to activities
| 5 Support costs allocated to activities |
||
|---|---|---|
| 2025 £ Governance costs 1,800 Analysed between: Charitable activities 1,800 6 Net movement in funds 2025 £ The net movement in funds is stated after charging/(crediting): Fees payable for the independent examination of the charity's financial statements 1,800 7 Trustees None of the trustees (or any persons connected with them) received any remuneration or benefits charity during the year. There is no expenses incurred by trustees during the year. 8 Employees 2025 Number Total - |
2025 £ 1,800 1,800 2025 £ 1,800 |
2024 £ 2,700 |
| 2,700 | ||
| 2024 £ 2,700 |
||
| from the | ||
| 2024 Number - |
None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year. There is no expenses incurred by trustees during the year.
There were no employees during the year.
9 Taxation
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
10 Tangible fixed assets
| Cost At 1 April 2024 At 31 March 2025 Carrying amount At 31 March 2025 At 31 March 2024 |
Land and buildings £ 864,897 |
|---|---|
| 864,897 | |
| 864,897 | |
| 864,897 |
- 9 -
THE RABBI YISROEL YEHUDAH PERITZ CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
| 10 Tangible fixed assets (Continued) In the opinion of the trustees, there is no material change in market value of the properties during the year. 11 Debtors 2025 2024 Amounts falling due within one year: £ £ Other debtors 107,501 107,501 12 Loans and overdrafts 2025 2024 £ £ Bank loans 14,758 45,714 Payable within one year 14,758 31,471 Payable after one year - 14,243 The long-term loans are secured by fixed charges over Charity's assets. 13 Creditors: amounts falling due within one year 2025 2024 Notes £ £ Bank loans 12 14,758 31,471 Other creditors 1,500 1,500 Accruals and deferred income 2,800 1,000 19,058 33,971 14 Creditors: amounts falling due after more than one year 2025 2024 Notes £ £ Bank loans 12 - 14,243 |
10 Tangible fixed assets (Continued) In the opinion of the trustees, there is no material change in market value of the properties during the year. 11 Debtors 2025 2024 Amounts falling due within one year: £ £ Other debtors 107,501 107,501 12 Loans and overdrafts 2025 2024 £ £ Bank loans 14,758 45,714 Payable within one year 14,758 31,471 Payable after one year - 14,243 The long-term loans are secured by fixed charges over Charity's assets. 13 Creditors: amounts falling due within one year 2025 2024 Notes £ £ Bank loans 12 14,758 31,471 Other creditors 1,500 1,500 Accruals and deferred income 2,800 1,000 19,058 33,971 14 Creditors: amounts falling due after more than one year 2025 2024 Notes £ £ Bank loans 12 - 14,243 |
10 Tangible fixed assets (Continued) In the opinion of the trustees, there is no material change in market value of the properties during the year. 11 Debtors 2025 2024 Amounts falling due within one year: £ £ Other debtors 107,501 107,501 12 Loans and overdrafts 2025 2024 £ £ Bank loans 14,758 45,714 Payable within one year 14,758 31,471 Payable after one year - 14,243 The long-term loans are secured by fixed charges over Charity's assets. 13 Creditors: amounts falling due within one year 2025 2024 Notes £ £ Bank loans 12 14,758 31,471 Other creditors 1,500 1,500 Accruals and deferred income 2,800 1,000 19,058 33,971 14 Creditors: amounts falling due after more than one year 2025 2024 Notes £ £ Bank loans 12 - 14,243 |
|---|---|---|
| 2025 £ 107,501 2025 £ 14,758 14,758 - |
2024 £ 107,501 |
|
| 2024 £ 45,714 |
||
| 31,471 14,243 |
||
| 2025 £ 14,758 1,500 2,800 19,058 2025 £ - |
2024 £ 31,471 1,500 1,000 |
|
| 33,971 | ||
| 2024 £ 14,243 |
- 10 -
THE RABBI YISROEL YEHUDAH PERITZ CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
15 Unrestricted funds
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
| General funds Previous year: General funds |
At 1 April 2024 Incoming resources Resources expended At 31 March 2025 £ £ £ £ 931,633 90,202 (59,905) 961,930 At 1 April 2023 Incoming resources Resources expended At 31 March 2024 £ £ £ £ 1,031,306 91,627 (191,300) 931,633 |
|---|---|
16 Related party transactions
There were no disclosable related party transactions during the year (2024 - none).
- 11 -