Company registration number 03566659 (England and Wales)
Charity registration number 1072479 (England and Wales)
YEMIN CHARITABLE TRUST LIMITED
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

YEMIN CHARITABLE TRUST LIMITED
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Company Number
Charity Number (England and Wales)
Principal address
Registered office
Auditor
Bankers
Mr A Henry
Mr H Neumann
Mr PNeumann
03566659
1072479
Steward House
309 Bury New Road
Salford
M7 2YN
1st Floor, Cloister House
Riverside
New Bailey Street
Manchester
M3 5FS
Lopian Gross Barnett & Co
1st Floor, Cloister House
Riverside
New Bailey Street
Manchester
M3 5FS
Barclays bank Plc
51 Mosley Street
Manchester
M60 2AU

YEMIN CHARITABLE TRUST LIMITED
CONTENTS
Trustees' report
Page
1 - 3
Statement of trustees' responsibilities
4
Independent auditor's report
5 - 7
Statement of financial activities
8
Balance sheet
Statement of cash flows
10
Notes to the financial statements
11 - 20

YEMIN CHARITABLE TRUST LIMITED
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)
FOR THE YEAR ENDED 31 MARCH 2025
The trustees present their report and accounts for the year ended 31 March 2025.
The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and
comply with the charity's governing document, the Companies Act 2006 and "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)" (as amended for
accounting periods commencing from 1 January 2019)
Objectives and activities
The charity's objects are to distribute funds to religious, educational and similar charities for the advancement of
religion in accordance with the orthodox Jewish faith and the relief of poverty. These are for the benefit of the public
in expanding religious knowledge and relieving poverty. The policies adopted in furtherance of these objects are to
identify orthodox Jewish charities which carry out activities such as providing orthodox Jewish education and other
activities which advance religion in accordance with the orthodox Jewish faith or which relieve poverty and there has
been no change in these during the year.
Each year the trustees review the charity's objectives and activities to ensure they continue to reflect the charity's
aims. In carrying out this review the trustees have considered the Charity Commission's general guidance on public
benefit and in particular its supplementary public guidance on the advancement of religion for public benefit.
The charity's income comprises investment income and charitable donations.
The objective of the charity for the year was to maintain a stable flow of donations going to worthy causes in the
Jewish community. The trustees also aim to
expand the charity's investment portfolio whenever the opportunity
arises. No particular criteria or measures are used to assess success in achieving these aims or objectives.
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the
charity should undertake.
The only activities undertaken have been, investing in properties, monitoring the charity's investment income and
making grants to a number of charities in accordance with the above objectives and policies. The trustees also
control other charities with the same objectives and policies and have made grants to those charities.
Achievements and performance
The charity has continued to distribute funds to other charities during the year. Incoming resources were distributed
after the charity met loan repayments and similar obligations and after making further investments. Remaining cash
reserves are available for future investments. The governors are pleased with the investment performance and with
the level of donations given to worthy causes.
At the year end the charity held various property investments which were valued at £9,948,239 and generated
income of E1,043,261.
- 1-

YEMIN CHARITABLE TRUST LIMITED
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Financial review
The trustees' investment powers are governed by the charity's Articles of Association which permit the trustees to
invest the charity's funds as they see fit.
The trustees are experienced property investors and have invested the charity's funds in property in order to
generate funds for distribution. Investments are chosen on the basis of achieving a yield in excess of that available
from cash deposits while maintaining security of income.
The charity's funds for distribution are derived from donations received and investment income. The net total income
was £1,154,887 including a foreign exchange surplus of £4,265. This resulted in a surplus of £1,105,256 after
administration costs of £49,631. The charity's property investment values decreased by £75,989.
The charity distributed £943,685 to various charities for the advancement of religion in accordance with the orthodox
Jewish faith and for the relief of poverty which resulted in an overall increase in reserves of E85,582.
There is no formal policy to maintain a level of reserves other than as required for the charity's investment portfolio.
The trustees are continually looking for appropriate investments which will ensure that a return can be achieved
without undue risk. The reserves are maintained in line with this policy.
No significant event affected the financial performance and financial position of the charity during the year. Nor have
any been identified that are likely to do so currently or in the tuture.
The trustees have identified the principal risks and uncertainties facing the charity and have also adopted plans and
strategies to manage these as follows:
- Decline in values of investment properties are managed by investing in good quality property investments with
reliable tenants as confirmed by independent valuations obtained on purchase and by regular monitoring by the
trustees.
- Decrease in income is managed by letting to reliable tenants as above; maintaining informal reserves in the
charity; and having funds available to the trustees to loan to the charity if required.
The trustees' investment powers are governed by the charity's Articles of Association which permit the trustees to
invest the charity's funds as they see fit.
The trustees are experienced property investors and have invested the charity's funds in property in order to
generate funds for distribution. Investments are chosen on the basis of achieving a yield in excess of that available
from cash deposits while maintaining security of income and the underlying asset.
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.
Plans for future periods
The trustees will continue to make investments in the best interests of the charity in order to achieve its objectives.
Structure, governance and management
The charity is a company limited by guarantee. It was incorporated on 19 May 1998 and registered as a charity on
the same date. The company was established under a Memorandum of Association which established the objects
and powers of the charitable company and is governed under its Articles of Association.
The trustees, who are also the directors for the purpose of company law, and who served during the year and up to
the date of signature of the financial statements were:
Mr A Henry
Mr H Neumann
Mr PNeumann
- 2-

YEMIN CHARITABLE TRUST LIMITED
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Trustees are recommended and appointed by the Board of Trustees.
None of the trustees have any beneficial interest in the company. All of the trustees are members of the company
and guarantee to contribute an amount not exceeding E10 in the event of a winding up.
The board of trustees administers the charity.
Auditor
In accordance with the company's articles, a resolution proposing that Lopian Gross Barnett & Co be reappointed
as auditor of the company will be put at a General Meeting.
Disclosure of information to auditor
Each of the trustees have confirmed that there is no information of which they are aware which is relevant to the
audit, but of which the auditor is unaware. They have further confirmed that they have taken appropriate steps to
identify such relevant information and to establish that the auditor is aware of such information.
The trustees' report was approved by the Board of Trustees.
>
Mr A Henry
Trustee
Date:..
18:12•25
- 3 -

YEMIN CHARITABLE TRUST LIMITED
STATEMENT OF TRUSTEES' RESPONSIBILITIES
FOR THE YEAR ENDED 31 MARCH 2025
The trustees, who are also the directors of Yemin Charitable Trust Limited for the purpose of company law, are
responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and
United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the trustees to prepare financial statements for each financial year which give a true and fair
view of the state of affairs of the charity and of the incoming resources and application of resources, including the
income and expenditure, of the charitable company for that year.
In preparing these financial statements, the trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards have been followed, subject to any material departures
disclosed and explained in the financial statements; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity
will continue in operation.
The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at
any time the financial position of the charity and enable them to ensure that the financial statements comply with the
Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking
reasonable steps for the prevention and detection of fraud and other irregularities.
- 4 -

YEMIN CHARITABLE TRUST LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE TRUSTEES OF YEMIN CHARITABLE TRUST LIMITED
Opinion
We have audited the financial statements of Yemin Charitable Trust Limited (the 'charity') for the year ended 31
March 2025 which comprise the statement of financial activities, the balance sheet, the statement of cash flows and
notes to the financial statements, including significant accounting policies. The financial reporting framework that
has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including
Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland
(United Kingdom Generally Accepted Accounting Practice).
In our opinion, the financial statements:
give a true and fair view of the state of the charitable company'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 Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable
law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of
the financial statements section of our report. We are independent of the charity in accordance with the ethical
requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical
Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe
that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we
have concluded that the trustees' use of the going concern basis of
accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or
conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going
concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the
relevant sections of this report.
Other information
The other information comprises the information included in the annual report other than the financial statements
and our auditor's report thereon. The trustees are responsible for the other information contained within the annual
report. Our opinion on the financial statements does not cover the other information and we do not express any form
of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider
whether the other information is materially inconsistent with the financial statements or our knowledge obtained in
the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies
or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement
in the financial statements themselves. If, based on the work we have performed, we conclude that there is a
material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
Matters on which we are required to report by exception
We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and
Reports) Regulations 2008 requires us to report to you if, in our opinion:
the information given in the financial statements is inconsistent in any material respect with the trustees'
report; or
-
sufficient accounting records have not been kept; or
the financial statements are not in agreement with the accounting records; or
we have not received all the information and explanations we require for our audit.
- 5-

YEMIN CHARITABLE TRUST LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF YEMIN CHARITABLE TRUST LIMITED
Responsibilities of trustees
As explained more fully in the stalement of trustees' responsibilities, the trustees, who are also the directors of the
charity for the purpose of company law, are responsible for the preparation of the financial statements and for being
satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to
enable the preparation of financial statements that are free from material misstatement, whether due to fraud or
error. In preparing the financial statements, the trustees are responsible for assessing the charity's ability to
continue as a going concern, disclosing, as applicable, matters related to going concern and using the going
concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease
operations, or have no realistic alternative but to do so.
Auditor's responsibilities for the audit of the financial statements
We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the
Act and relevant regulations made or having effect thereunder.
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from
material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion.
Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance
with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or
error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence
the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in
line with our responsibilities, to detect material misstatements in respect of irregularities, including fraud. The extent
to which our procedures are capable of detecting irregularities, including fraud, is detailed below:
• We obtained an understanding of laws and regulations that affect the entity, focusing on those that had a direct
effect on the financial statements or that had a fundamental effect on its operations.
• Where considered necessary we enquired of those charged with governance, reviewed correspondence and
reviewed meeting minutes for evidence of non-compliance with relevant laws and regulations.
• We gained an understanding of the controls environment which includes the controls in place to prevent and
detect fraud. We enquired of those charged with governance about any incidences of fraud that had taken place
during the accounting period.
• The risk of fraud and non-compliance with laws and regulations was discussed within the audit team and tests
were planned and performed to address these risks.
• We reviewed financial statements disclosures to assess compliance with relevant laws and regulations.
• We enquired of those charged with governance about actual and potential litigation and claims.
• We performed analytical procedures to identify any unusual or unexpected relationships that might indicate
risks of material misstatement due to fraud.
• In addressing the risk of fraud due to management override of internal controls we tested the appropriateness
of journal entries and assessed whether the judgements made in making accounting estimates were indicative
of a potential bias.
Due to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some
material misstatements in the financial statements, even though we have properly planned and performed our audit
in accordance with auditing standards. For example, as with any audit, there remained a higher risk of non-detection
of irregularities, as these may involve collusion, forgery, intentional omissions, misrepresentations, or the override of
internal controls. We are not responsible for preventing fraud or non-compliance with laws and regulations and
cannot be expected to detect all fraud and non-compliance with laws and regulations.
- 6 -

YEMIN CHARITABLE TRUST LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF YEMIN CHARITABLE TRUST LIMITED
A further description of our responsibilities is available on the Financial Reporting Council's website at: https://
www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report
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 auditor's 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.
Nathaniel Davidson BA(Hons) ACA (Senior Statutory Auditor)
For and on behalf of Lopian Gross Barnett & Co, Statutory Auditor
Chartered Accountants
1st Floor, Cloister House
Riverside
New Bailey Street
Manchester
M3 5FS
Date:.. 18/12/25.
Lopian Gross Barnett & Co is eligible for appointment as auditor of the charity by virtue of its eligibility for
appointment as auditor of a company under section 1212 of the Companies Act 2006.
- 7 -

YEMIN CHARITABLE TRUST LIMITED
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2025
Income and endowments from:
Donations and legacies
Investments
Other income
Total income
Expenditure on:
Charitable activities
Other material expenditure
Other expenditure
Total expenditure
Notes
3
4
5
Unrestricted
funds
2025
€
633,625
1,044,459
4,265
1,682,349
Unrestricted
funds
2024
€
390,825
1,047,661
10,830
1,449,316
-
7
11
943,685
49,631
527,462
1,520,778
Net gains/(losses) on investments
12
(75,989)
892,815
33,781
530,815
1,457,411
(118,983)
Net income/(expenditure) and movement in funds
Reconciliation of funds:
Fund balances at 1 April 2024
Fund balances at 31 March 2025
85,582
(127,078)
8,902,304
8,987,886
9,029,382
8,902,304
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure
derive from continuing activities.
- 8-

YEMIN CHARITABLE TRUST LIMITED
BALANCE SHEET
AS AT 31 MARCH 2025
2025
2024
Fixed assets
Tangible assets
Current assets
Debtors
Cash at bank and in hand
Creditors: amounts falling due within
one year
Net current liabilities
Total assets less current liabilities
Creditors: amounts falling due after
more than one year
Net assets
The funds of the charity
Unrestricted funds
Notes
14
15
17
9,948,239
10,024,228
47,010
66,201
113,211
(257,806)
65,952
104,518
170,470
(323,620)
18
(144,595)
9,803,644
(815,758)
8,987,886
(153,150)
9,871,078
(968,774)
8,902,304
20
8,987,886
8,987,886
8,902,304
8,902,304
The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act
2006, for the year ended 31 March 2025.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006
with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to companies subject
to the small companies regime.
The financial statements were approved by the trustees on / 8: 12.25
Mr A Henry
Trustee
- 9 -

YEMIN CHARITABLE TRUST LIMITED
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2025
2025
2024
Notes
22
€
Cash flows from operating activities
Cash absorbed by operations
Investing activities
Investment income
Net cash generated from investing
activities
Financing activities
Repayment of bank loans
Net cash used in financing activities
Net decrease in cash and cash equivalents
Cash and cash equivalents at beginning of year
Cash and cash equivalents at end of year
Relating to:
Cash at bank and in hand
Bank overdrafts included in creditors
payable within one year
(909,395)
(958,620)
1,044,459
1,047,661
1,044,459
1,047,661
(164,011)
(164,006)
(164,011)
(28,947)
95,148
66,201
(164,006)
(74,965)
170,113
95,148
66,201
104,518
(9,370)
- 10-

YEMIN CHARITABLE TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
Charity information
Yemin Charitable Trust Limited is a private company limited by guarantee incorporated in England and Wales.
The registered office is 1st Floor Cloister House, Riverside, New Bailey Street, Manchester M3 5FS.
1.1 Accounting convention
The financial statements have been prepared in accordance with the charity's articles of association, the
Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of
Ireland" ("FRS 102") 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)" (effective 1 January 2019). The
charity is a Public Benefit Entity as defined by FRS 102.
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 £.
The financial
value. The principal accounting policies adopted are set out below.
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
The charity's funds are all unrestricted and available for use at the discretion of the trustees in furtherance of
their charitable objectives unless the funds have been designated for other purposes.
Incoming resources
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.
Gift aid 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.
Investment property rental income is recognised at the fair value of the consideration received or receivable
for in the normal course of business. The income consists of gross rental income on an accruals basis.
Under FRS102, reduced income derived from rent free periods is spread over the life of the lease.
When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is
the present value of the future receipts. The difference between the fair value of the consideration and the
nominal amount received is recognised as interest income.
Investment income is accounted for on an accruals basis.
- 11 -

YEMIN CHARITABLE TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1 Accounting policies
(Continued)
1.5
Resources expended
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a
third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of
the obligation can be measured reliably.
Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and
shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single
activity are allocated directly to that activity. Shared costs which contribute to more than one activity and
support costs which are not attributable to a single activity are apportioned between those activities on a basis
consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and
depreciation charges are allocated on the portion of the asset's use.
Charitable distributions represent donations paid to religious, educational and similar charities.
1.6
Tangible fixed assets
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially measured
at cost and subsequently measured using the fair value model and stated at its fair value at the reporting end
date. The surplus or deficit on revaluation is recognised in net income/(expenditure) for the year.
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.
- 12-

YEMIN CHARITABLE TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
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.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
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.
Derecognition of financial liabilities
Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or
cancelled.
1.10 Foreign exchange
Transactions denominated in foreign currencies are recorded at the average rate for the year.
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of
exchange ruling at the balance sheet date. All differences are included in net incoming resources.
1.11 Joint arrangement not an entity
The company is party, with another charity company to joint arrangements that are not entities. Accordingly,
these financial statements have been prepared in accordance with FRS 102 Section 15.
1.12 Investments in joint property
The company has interests in properties which are owned by a syndicate of similar participators. The
investments are stated at net valuation of the participation in the syndicate plus accumulated surpluses less
deficiences and drawings.
1.13 Secured loans
Where a loan security is given on the basis that the lender has no recourse to any of the the charity's assets
other than the property securing the loan and the lender has repossessed the relevant property on a loan
default, the related loan obligation is written back as part of the proceeds realised on the repossession.
2
Critical accounting estimates and judgements
In the application of the charity's accounting policies, the trustees are required to make judgements, estimates
and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other
sources. The estimates and associated assumptions are based on historical experience and other factors that
are considered to be relevant. Actual results may differ from these estimates.
The estimates
and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting
estimates are recognised in the period in which the estimate is revised where the revision affects only that
period, or in the period of the revision and future periods where the revision affects both current and future
periods.
- 13 -

YEMIN CHARITABLE TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
3
Income from donations and legacies
Donations and gifts
Unrestricted
funds
2025
E
633,625
Unrestricted
funds
2024
€
390,825
4
Income from investments
Unrestricted Unrestricted
funds
funds
2025
2024
Rental income
Interest receivable
1,043,261
1,198
1,044,459
1,045,969
1,692
1,047,661
5
Other income
Foreign exchange surplus
Unrestricted Unrestricted
funds
funds
2025
2024
4,265
10,830
6
Expenditure on charitable activities
Unrestricted Unrestricted
funds
funds
2025
2024
943,685
892,815
Direct costs
Grant funding of activities (see note 7)
nalysis by fur
restricted func
943,685
892,815
- 14 -

YEMIN CHARITABLE TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
7
Grants payable
Total
Total
Unrestricted Unrestricted
funds
funds
2025
2024
Grants to institutions
Relief of poverty
Community projects
Yeshivas and seminaries
Schools
343.220
321,900
164,765
113,800
943,685
283,200
400,325
129,930
79,360
892,815
2025
Material grants to institutions:
Ahavas Chesed Trust
Ahavas Shalom Trust
Amud Hatzdokoh Trust
Bederech Kovoid
Beis Hatalmud School
Beis Yoel
Bnos Yisorel School
Chareidim Beis Shemesh
Chomeil Dalim
Fundd
Gateshead Seminary
Kollel Shomrei Chomois
Manchester Talmudical College and Theological Summary
Rosecare Foundation
Teshuvoh Tefilloh Tzedokoh
Other grants to institutions not exceeding £15,000
79,200
28,250
31,830
16,125
22,300
20,000
19,300
15,000
37,330
17,500
17,000
63,100
49,750
31,800
44,000
451,200
943,685
8
Other costs
Other costs include charges by the auditors of £12,500(2024 - £12,500) for audit fees and £8,000 (2024 -
£8,000) for other services.
- 15-

YEMIN CHARITABLE TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
9
10
Trustees
None of the trustees (or any persons connected with them) received any remuneration, benefits or expenses
during the year.
Employees
The average monthly number of employees during the year was:
Total
2025
Number
-
2024
Number
There were no employees whose annual remuneration was more than £60,000.
11 Investment property expenses
Investment property expenses
Investment property financing costs
2025
E
445,773
81,689
527,462
2024
434,724
96,091
530,815
Investment property expenses comprised general property expenditure. The expenses include - Agents
commission, insurance, light and heat, property repairs and maintenance and other usual property
expenses.
12 Net gains/(losses) on investments
Revaluation of investments
2025
€
(75,989)
2024
(118,983)
13 Taxation
The activities of Yemin Charitable Trust Limited are exempt from direct taxation under part 11 of the
Corporation Tax Act 2010.
- 16 -

YEMIN CHARITABLE TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
14
Investment property
Land and buildings
Cost or valuation
At 1 April 2024
Revaluation
At 31 March 2025
Carrying amount
At 31 March 2025
At 31 March 2024
10,024,228
(75,989)
9,948,239
9,948,239
10,024,228
The above investments are all held primarily to provide income and long term capital growth for the charity.
The properties are stated at fair value as valued by the trustees who are experienced property investors and
have based the valuations on the properties gross yields and other relevant factors.
At 31 March 2025, had the revalued assets been carried at historic cost less accumulated depreciation and
accumulated impairment losses, their carrying amount would have been approximately £8,677,608 (2024 -
£8,677,608).
Certain freehold land and buildings have been pledged to secure bank borrowings of the charity.
15 Debtors
Amounts falling due within one year:
Trade debtors
Other debtors
Prepayments and accrued income
2025
2024
11,376
15,675
19,959
47,010
26,774
19,075
20,103
65,952
- 17 -

YEMIN CHARITABLE TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
16 Loans and overdrafts
2025
Bank overdrafts
Bank loans
950,638
950,638
2024
9,370
1,114,649
1,124,019
Payable within one year
Payable after one year
134,880
815,758
155,245
968,774
Amounts included above which fall due after five years:
Payable by instalments
693,677
715,521
The above bank loans are secured on certain of the charity's investment properties.
The bank loans include a loan from Kreissparkasse Koln. At the year end the loans sterling value was
£117,081 (2024 : £216,668). The interest rate on the loan was 1.25% above libor and is repayable by 2030
by monthly instalments.
The bank loans include amounts due to Lloyds bank with instalments due in more than 5 years. At the year
end the loans outstanding amounted to £818,677 (2024 : £840,521). The interest rate was 3.70% above
base rate and are repayable by instalments in 2043.
17
Creditors: amounts falling due within one year
Notes
16
Bank loans and overdrafts
Other creditors
Accruals and deferred income
2025
134,880
26,585
96,341
257,806
2024
€
155,245
11,184
91,191
323,620
18
Creditors: amounts falling due after more than one year
Bank loans
Notes
16
2025
815,758
2024
968,774
- 18 -

YEMIN CHARITABLE TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
19
Related party transactions
The charity was charged rent of ENil ( 2024: £2,000 ) by Renee Worch Properties Limited, an entity controlled and
managed by the trustees.
The charity received rent of £41,800 ( 2023: £39,200) from various entities controlled and managed by the trustees
or their close family members.
The charity received a short term loan from a related entity during the year amounting to ENil (2024 :£55,000 ).
The charity received donations from related entities and family members during the year amounting to £510,750 (
2024 : £371,750).
20 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.
At 1 April
Incoming
2024
resources
Resources
expended
Gains and At 31 March
losses
2025
General funds
8,902,304
1,682,349
(1,520,778)
(75,989)
8,987,886
Previous year:
General funds
At 1 April
2023
€
9,029,382
Incoming
resources
€
1,449,316
Resources
expended
(1,457,411)
Gains and
losses
(118,983)
At 31 March
2024
€
8,902,304
21 Analysis of changes in net (debt)/funds
Cash at bank and in hand
Bank overdrafts
Loans falling due within one year
Loans falling due after more than one year
At 1 April 2024
104,518
(9,370)
95,148
(145,875)
(968,774)
(1,019,501)
Cash flowsAt 31 March 2025
(38,317)
9,370
(28,947)
10,995
153,016
135,064
66,201
-
66,201
(134,880)
(815,758)
(884,437)
- 19 -

YEMIN CHARITABLE TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
22
Cash generated from operations
2025
85,582
Surplus/(deficit) for the year
Adjustments for:
Investment income recognised in statement of financial activities
Fair value (gains) and losses on investments
Movements in working capital:
Decrease/(increase) in debtors
(Decrease)/increase in creditors
Cash absorbed by operations
(1,044,459)
75,989
18,942
(45,449)
(909,395)
- 20 -
2024
(127,078)
(1,047,661)
118,983
(24)
97,160
(958,620)