**REGISTERED CHARITY NUMBER: 1073284** 

## **REPORT OF THE TRUSTEES AND** 

## **UNAUDITED FINANCIAL STATEMENTS** 

**FOR THE PERIOD 1 APRIL 2024 TO 30 APRIL 2025** 

## **FOR** 

## **VIZNITZ INSTITUTIONS TRUST** 

Venitt and Greaves Chartered Accountants 115 Craven Park Road South Tottenham London N15 6BL 

**VIZNITZ INSTITUTIONS TRUST** 

## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE PERIOD 1 APRIL 2024 TO 30 APRIL 2025** 

|||**Page**||
|---|---|---|---|
|**Report of the Trustees**|1|to|2|
|**Independent Examiner's Report**||3||
|**Statement of Financial Activities**||4||
|**Balance Sheet**||5||
|**Cash Flow Statement**||6||
|**Notes to the Cash Flow Statement**||7||
|**Notes to the Financial Statements**|8|to|12|



**VIZNITZ INSTITUTIONS TRUST** 

## **REPORT OF THE TRUSTEES FOR THE PERIOD 1 APRIL 2024 TO 30 APRIL 2025** 

The trustees present their report with the financial statements of the charity for the period 1 April 2024 to 30 April 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). 

## **OBJECTIVES AND ACTIVITIES** 

## **Objectives and aims** 

The objects of the charity are: 

- 1) the advancement of the Orthodox Jewish Religion; 

- 2) the advancement of Orthodox Jewish Religious Education and education generally; 

- 3) the relief of poverty; and 

- 4) other such charitable purposes that the trustees may from time to time determine. 

The trustees carry out the objects by making grants to religious, educational and welfare institutions, especially by maintaining the Talmudical College of Viznitz, London and providing assistance to individuals suffering from poverty and financial hardship in England and abroad. 

## **Public benefit** 

The trustees have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the aims and objectives and in planning the charity's future activities. The aims of the charity for the public benefit are detailed in the Objectives and Activities section of the report. 

## **Grantmaking** 

In general the trustees select the institutions to be supported according to their personal knowledge of work of the institution. Whilst not actively inviting applications, they are always prepared to accept any application which will be carefully considered and help given according to circumstances and funds then available. Applications by individuals must be accompanied by a letter of recommendation by the applicant's minister or other known religious leader. 

## **ACHIEVEMENTS AND PERFORMANCE** 

## **Charitable activities** 

During the year under review the charity raised substantial funds and has spent almost all of the funds raised in the furtherance of its objectives. 

During the year under review the charity received generous donations that amounted to £663,506 (2024: £549,314) and paid grants that amounted to £621,764 (2024: £455,596). 

## **FINANCIAL REVIEW** 

## **Reserves policy** 

It is the policy of the charity to maintain unrestricted funds, which are the free reserves of the charity, at a level which the trustees think appropriate after considering the future commitments of the charity and the likely administrative costs of the charity for the next year. 

## **FUTURE PLANS** 

The charity plans to continue its activities for the foreseeable future subject to satisfactory income. 

## **STRUCTURE, GOVERNANCE AND MANAGEMENT** 

## **Governing document** 

The charity is controlled by its governing document, a declaration of trust and constitutes an unincorporated charity. 

## **Recruitment and appointment of new trustees** 

The power to appoint new trustees is vested in the continuing board. It is not the intention of the trustees of the charity to appoint any new trustees. Should the situation change in the future, the trustees will apply suitable recruitment induction and training procedures. 

## **Risk management** 

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. 

Page 1 

**VIZNITZ INSTITUTIONS TRUST** 

## **REPORT OF THE TRUSTEES FOR THE PERIOD 1 APRIL 2024 TO 30 APRIL 2025** 

## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number** 1073284 

## **Principal address** 

8 JESSAM AVENUE LONDON E5 9DU 

## **Trustees** 

A Deutch I Vizel M Steren 

## **Independent Examiner** 

Venitt and Greaves Chartered Accountants 115 Craven Park Road South Tottenham London N15 6BL 

Approved by order of the board of trustees on 2 March 2026 and signed on its behalf by: 

A Deutch - Trustee 

Page 2 

## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF VIZNITZ INSTITUTIONS TRUST** 

## **Independent examiner's report to the trustees of VIZNITZ INSTITUTIONS TRUST** 

I report to the charity trustees on my examination of the accounts of VIZNITZ INSTITUTIONS TRUST (the Trust) for the period 1 April 2024 to 30 April 2025. 

## **Responsibilities and basis of report** 

As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act'). 

I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act. 

## **Independent examiner's statement** 

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies. 

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 

1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or 

2. the accounts do not accord with those records; or 

3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination. 

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. 

M A Venitt, A.C.A The Institute of Chartered Accountants in England and Wales 

Venitt and Greaves Chartered Accountants 115 Craven Park Road South Tottenham London N15 6BL 

2 March 2026 

Page 3 

**VIZNITZ INSTITUTIONS TRUST** 

## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD 1 APRIL 2024 TO 30 APRIL 2025** 

|||Period||
|---|---|---|---|
|||1.4.24||
|||to|Year ended|
|||30.4.25|31.3.24|
|||Unrestricted|Total|
|||fund|funds|
||Notes|£|£|
|**INCOME AND ENDOWMENTS FROM**||||
|Donations and legacies|2|663,506|549,314|
|**EXPENDITURE ON**||||
|**Charitable activities**|3|||
|Charitable activities||621,764|455,596|
|College expenditure||73,402|109,929|
|Other||1,920|1,500|
|**Total**||697,086|567,025|
|**NET INCOME/(EXPENDITURE)**||(33,580)|(17,711)|
|**RECONCILIATION OF FUNDS**||||
|Total funds brought forward||(19,701)|(1,990)|
|**TOTAL FUNDS CARRIED FORWARD**||(53,281)|(19,701)|



The notes form part of these financial statements 

Page 4 

## **VIZNITZ INSTITUTIONS TRUST** 

## **BALANCE SHEET 30 APRIL 2025** 

|||30.4.25|31.3.24|
|---|---|---|---|
|||Unrestricted|Total|
|||fund|funds|
||Notes|£|£|
|**CURRENT ASSETS**||||
|Debtors|8|-|3,000|
|Cash at bank||795|16,255|
|||795|19,255|
|**CREDITORS**||||
|Amounts falling due within one year|9|(23,280)|(8,160)|
|**NET CURRENT ASSETS/(LIABILITIES)**||(22,485)|11,095|
|**TOTAL ASSETS LESS CURRENT**||||
|**LIABILITIES**||(22,485)|11,095|
|**CREDITORS**||||
|Amounts falling due after more than one year|10|(30,796)|(30,796)|
|**NET ASSETS**||(53,281)|(19,701)|
|**FUNDS**|12|||
|Unrestricted funds||(53,281)|(19,701)|
|**TOTAL FUNDS**||(53,281)|(19,701)|



The financial statements were approved by the Board of Trustees and authorised for issue on 2 March 2026 and were signed on its behalf by: 

A Deutch - Trustee 

M Steren - Trustee 

I Vizel - Trustee 

The notes form part of these financial statements 

Page 5 

## **VIZNITZ INSTITUTIONS TRUST** 

## **CASH FLOW STATEMENT FOR THE PERIOD 1 APRIL 2024 TO 30 APRIL 2025** 

|||Period||
|---|---|---|---|
|||1.4.24||
|||to|Year ended|
|||30.4.25|31.3.24|
||Notes|£|£|
|**Cash flows from operating activities**||||
|Cash generated from operations|1|(15,460)|(15,472)|
|Interest paid||-|(740)|
|Net cash used in operating activities||(15,460)|(16,212)|
|**Cash flows from financing activities**||||
|Loan repayments in year||-|(6,359)|
|Net cash provided by/(used in) financing activities||-|(6,359)|
|||||
|**Change in cash and cash equivalents in**||||
|**the reporting period**||(15,460)|(22,571)|
|**Cash and cash equivalents at the**||||
|**beginning of the reporting period**||16,255|38,826|
|**Cash and cash equivalents at the end of**||||
|**the reporting period**||795|16,255|



The notes form part of these financial statements 

Page 6 

**VIZNITZ INSTITUTIONS TRUST** 

## **NOTES TO THE CASH FLOW STATEMENT FOR THE PERIOD 1 APRIL 2024 TO 30 APRIL 2025** 

## **1. RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING ACTIVITIES** 

|**ACTIVITIES**||||
|---|---|---|---|
|||Period||
|||1.4.24||
|||to|Year ended|
|||30.4.25|31.3.24|
|||£|£|
|**Net expenditure for the reporting period (as per the Statement of**||||
|**Financial Activities)**||(33,580)|(17,711)|
|**Adjustments for:**||||
|Interest paid||-|740|
|Decrease in debtors||3,000|-|
|Increase in creditors||15,120|1,499|
|**Net cash used in operations**||(15,460)|(15,472)|
|**ANALYSIS OF CHANGES IN NET DEBT**||||
||At 1.4.24|Cash flow|At 30.4.25|
||£|£|£|
|**Net cash**||||
|Cash at bank|16,255|(15,460)|795|
||16,255|(15,460)|795|
|**Debt**||||
|Debts falling due after 1 year|(30,796)|-|(30,796)|
||(30,796)|-|(30,796)|
|**Total**|(14,541)|(15,460)|(30,001)|



## **2. ANALYSIS OF CHANGES IN NET DEBT** 

The notes form part of these financial statements 

Page 7 

**VIZNITZ INSTITUTIONS TRUST** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD 1 APRIL 2024 TO 30 APRIL 2025** 

## **1. ACCOUNTING POLICIES** 

## **Basis of preparing the financial statements** 

The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention. 

## **Income** 

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. 

## **Expenditure** 

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. 

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure. 

## **Governance costs** 

Governance costs are associated with the governance arrangements of the charity and relate to the general running of the charity. These costs include audit, legal advice for Trustees and costs associated with meeting constitutional and statutory requirements such as the cost of Trustee meetings and the preparation of the statutory accounts. 

## **Taxation** 

The charity is exempt from tax on its charitable activities. 

## **Fund accounting** 

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. 

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. 

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. 

## **2. DONATIONS AND LEGACIES** 

||Period||
|---|---|---|
||1.4.24||
||to|Year ended|
||30.4.25|31.3.24|
||£|£|
|Donations|663,506|549,314|



continued... 

Page 8 

## **VIZNITZ INSTITUTIONS TRUST** 

## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE PERIOD 1 APRIL 2024 TO 30 APRIL 2025** 

## **3. CHARITABLE ACTIVITIES COSTS** 

|Direct<br>Costs<br>£<br>Charitable activities<br>4,288<br>College expenditure<br>73,142<br>77,430<br>**GRANTS PAYABLE**<br>Charitable activities<br>The total grants paid to institutions during the period was as follows:<br>Advancement of religion<br>Education|Grant<br>funding of<br>activities<br>(see note<br>4)<br>£<br>617,440<br>-<br>617,440|Support<br>costs (see<br>note 5)<br>Totals<br>£<br>£<br>36<br>621,764<br>260<br>73,402<br>296<br>695,166<br>Period<br>1.4.24<br>to<br>Year ended<br>30.4.25<br>31.3.24<br>£<br>£<br>617,440<br>453,810<br>Period<br>1.4.24<br>to<br>Year ended<br>30.4.25<br>31.3.24<br>£<br>£<br>32,810<br>44,583<br>356,870<br>353,407<br>389,680<br>397,990|Totals<br>£<br>621,764<br>73,402|
|---|---|---|---|
||||695,166|
||||397,990|



## **4. GRANTS PAYABLE** 

## **5. SUPPORT COSTS** 

|**SUPPORT COSTS**||||
|---|---|---|---|
|||Governance||
||Finance|costs|Totals|
||£|£|£|
|Other resources expended|-|1,920|1,920|
|Charitable activities|36|-|36|
|College expenditure|260|-|260|
||296|1,920|2,216|



continued... 

Page 9 

**VIZNITZ INSTITUTIONS TRUST** 

## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE PERIOD 1 APRIL 2024 TO 30 APRIL 2025** 

## **6. TRUSTEES' REMUNERATION AND BENEFITS** 

There were no trustees' remuneration or other benefits for the period ended 30 April 2025 nor for the year ended 31 March 2024. 

## **Trustees' expenses** 

There were no  trustees' expenses paid for the period ended 30 April 2025 nor for the year ended 31 March 2024. 

## **7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES** 

## **8.** 

||||Unrestricted|
|---|---|---|---|
||||fund|
||||£|
|**INCOME AND ENDOWMENTS FROM**||||
|Donations and legacies|||549,314|
|**EXPENDITURE ON**||||
|**Charitable activities**||||
|Charitable activities|||455,596|
|College expenditure|||109,929|
|Other|||1,500|
|**Total**|||567,025|
|**NET INCOME/(EXPENDITURE)**|||(17,711)|
|**RECONCILIATION OF FUNDS**||||
|Total funds brought forward|||(1,990)|
|**TOTAL FUNDS CARRIED FORWARD**|||(19,701)|
|**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**||||
||30.4.25||31.3.24|
||£||£|
|Other debtors||-|3,000|



continued... 

Page 10 

**VIZNITZ INSTITUTIONS TRUST** 

## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE PERIOD 1 APRIL 2024 TO 30 APRIL 2025** 

## **9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR** 

|**9.**|**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**|||
|---|---|---|---|
|||30.4.25|31.3.24|
|||£|£|
||Other creditors|23,280|8,160|
|**10.**|**CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR**|||
|||30.4.25|31.3.24|
|||£|£|
||Bank loans (see note 11)|30,796|30,796|



Included within creditors due after more than one year is the amount of £30,796 (2024: £30,796) received under the Bounce Back Loan Scheme (BBLS). The loan is unsecured, guaranteed by the government, and attracts an interest rate of 2.5% after the interest free period in the first year. 

## **11. LOANS** 

An analysis of the maturity of loans is given below: 

|Amounts falling due between two and five years:<br>Bank loans - 2-5 years<br>**12.**<br>**MOVEMENT IN FUNDS**<br>**Unrestricted funds**<br>General fund<br>**TOTAL FUNDS**<br>Net movement in funds, included in the above are as follows:<br>**Unrestricted funds**<br>General fund<br>**TOTAL FUNDS**|At 1.4.24<br>£<br>(19,701)<br>(19,701)<br>Incoming<br>resources<br>£<br>663,506<br>663,506|30.4.25<br>31.3.24<br>£<br>£<br>30,796<br>30,796<br>Net<br>movement<br>At<br>in funds<br>30.4.25<br>£<br>£<br>(33,580)<br>(53,281)<br>(33,580)<br>(53,281)<br>Resources<br>Movement<br>expended<br>in funds<br>£<br>£<br>(697,086)<br>(33,580)<br>(697,086)<br>(33,580)|30.4.25<br>31.3.24<br>£<br>£<br>30,796<br>30,796<br>Net<br>movement<br>At<br>in funds<br>30.4.25<br>£<br>£<br>(33,580)<br>(53,281)<br>(33,580)<br>(53,281)<br>Resources<br>Movement<br>expended<br>in funds<br>£<br>£<br>(697,086)<br>(33,580)<br>(697,086)<br>(33,580)|
|---|---|---|---|
||||(33,580)|



continued... 

Page 11 

**VIZNITZ INSTITUTIONS TRUST** 

## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE PERIOD 1 APRIL 2024 TO 30 APRIL 2025** 

## **12. MOVEMENT IN FUNDS - continued** 

## **Comparatives for movement in funds** 

|At 1.4.23<br>£<br>**Unrestricted funds**<br>General fund<br>(1,990)<br>**TOTAL FUNDS**<br>(1,990)<br>Comparative net movement in funds, included in the above are as follows:<br>Incoming<br>resources<br>£<br>**Unrestricted funds**<br>General fund<br>549,314<br>**TOTAL FUNDS**<br>549,314|Net<br>movement<br>At<br>in funds<br>31.3.24<br>£<br>£<br>(17,711)<br>(19,701)<br>(17,711)<br>(19,701)<br>Resources<br>Movement<br>expended<br>in funds<br>£<br>£<br>(567,025)<br>(17,711)<br>(567,025)<br>(17,711)|
|---|---|



## **13. RELATED PARTY DISCLOSURES** 

During the period the charity received £1,000 in donations from Blossoms London Ltd. The charity and Blossoms London Ltd share common management personnel. 

During the period the charity received £5,000 in donations from Vishnitz Club Ltd. The charity and Vishnitz Club Ltd share common management personnel. 

During the period the charity received £28,770 in donations from Vishnitz Girls School Ltd. The charity and Vishnitz Girls School Ltd share common management personnel. 

During the period the charity paid £15,000 in donations to Rise and Shine. The charity and Rise and Shine share a common trustee. 

During the period the charity received a £15,000 loan from Shlishi Investments Ltd. £15,000 was due to Shlishi Investments Ltd as at the balance sheet date and this amount is included within other creditors. The charity and Shlishi Investments Ltd share common management personnel. 

During the period the charity received a loan of £25,000 from Gradelink Limited. This loan was repaid in full before the balance sheet date. The charity and Gradelink Limited share common management personnel. 

During the period the charity received a loan of £25,000 from Rearvale Limited. This loan was repaid in full before the balance sheet date. The charity and Rearvale Limited share common management personnel. 

During the period the charity received a loan of £2,000 from a trustee. This loan was repaid in full before the balance sheet date. 

Page 12