REGISTERED CHARITY NUMBER: 1077620
Report of the Trustees and
Unaudited Financial Statements
for the Year Ended 31 March 2025
for
SOLI AND LEAH KELATY FAMILY TRUST FUND
JLA Accountants
42 Lytton Road
Barnet
Hertfordshire
EN5 5BY

SOLI AND LEAH KELATY FAMILY TRUST FUND
Contents of the Financial Statements
for the Year Ended 31 March 2025
Reference and Administrative Details
Report of the Trustees
Independent Examiner's Report
Statement of Financial Activities
Balance Sheet
Notes to the Financial Statements
Detailed Statement of Financial Activities
Page
1
2
3
4
5
6 to
8
9

SOLI AND LEAH KELATY FAMILY TRUST FUND
Reference and Administrative Details
for the Year Ended 31 March 2025
TRUSTEES
Ms S Kelaty
Mr FS Kelaty
Mr D Lerer
PRINCIPAL ADDRESS
Block O
Oriental Carpet Centre
London
N4 1TJ
REGISTERED CHARITY NUMBER
1077620
INDEPENDENT EXAMINER
JLA Accountants
42 Lytton Road
Barnet
Hertfordshire
EN5 5BY
Page 1

SOLI AND LEAH KELATY FAMILY TRUST FUND
Report of the Trustees
for the Year Ended 31 March 2025
The trustees present their report with the financial statements of the charity for the year ended 31 March 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
The objectives of the charity is to make donations to charitable institutions that support education, training and religious
activities both at home and abroad at the discretion of the trustees.
In fulfilling their obligations, the Trustees have had regard to the guidance issues by the Charity Commission on public
benefit.
FINANCIAL REVIEW
The income received for the year was £122,000 (2024: E102,000) and distributions to charitable organisations totalled
£103,899..
The Accounts, together with the explanatory notes, as set out on pages 3 to 5 summarise the transactions of the Charity
during the year ended 31st March 2025.
STRUCTURE, GOVERNANCE AND MANAGEMENT
The Trust is an unincorporated charity, Charity No. 1077620, governed by a trust deed date 7 September 1999. Its principal
activity is to raise funds for worthwhile charitable causes selected at the discretion of the trustees.
All trustees give their time voluntary and receive no remuneration or other benefits.
Approved by order of the board of trustees on 19: December 2025 aru signed on its behalf by:
Mr FS Kelaty - Trustee
Page 2

Independent Examiner's Report to the Trustees of
Soli and Leah Kelaty Family Trust Fund
Independent examiner's report to the trustees of Soli and Leah Kelaty Family Trust Fund
I report to the charity trustees on my examination of the accounts of Soli and Leah Kelaty Family Trust Fund (the Trust) for
the year ended 31 March 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
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.
2.
3.
accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out i
he Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true an
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.
Mr Jeffrey Lermer
JLA Accountants
42 Lytton Road
Barnet
Hertfordshire
EN5 5BY
Date: 19 December r025
Page 3

SOLI AND LEAH KELATY FAMILY TRUST FUND
Statement of Financial Activities
for the Year Ended 31 March 2025
Notes
31.3.25
Unrestricted
fund
122,000
31.3.24
Total
funds
102,000
INCOME AND ENDOWMENTS FROM
Donations and legacies
EXPENDITURE ON
Charitable activities
Grants paid on furtherance of the Charity's
objectives
NET INCOME/(EXPENDITURE)
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD
103,899
18,101
124,197
(22,197)
21,464
39,565
43,661
21,464
The notes form part of these financial statements
Page 4

SOLI AND LEAH KELATY FAMILY TRUST FUND
Balance Sheet
31 March 2025
Notes
CURRENT ASSETS
Cash at bank
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT LIABILITIES
NET ASSETS
FUNDS
Unrestricted funds
TOTAL FUNDS
3
31.3.25
Unrestricted
fund
31.3.24
Total
funds
39,565
39,565
39,565
39,565
39,565
39,565
21,464
21,464
21,464
21,464
21,464
21,464
The financial statements were approved by the Board of Trustees and authorised for issue on 18 December 2025
and were signed on its behalf by:
Mr FS Kelaty - Trustee
Ms S Kelaty - Trustee
.:
The notes form part of these financial statements
Page 5

SOLI AND LEAH KELATY FAMILY TRUST FUND
Notes to the Financial Statements
for the Year Ended 31 March 2025
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
appliçable 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.
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it
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.
Taxation
The charity is exempt from tax on its charitable activities.
2.
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.
TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the year ended
31 March 2024.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024.
• : ÷
Page 6
continued...

SOLI AND LEAH KELATY FAMILY TRUST FUND
Notes to the Financial Statements - continued
for the Year Ended 31 March 2025
3.
MOVEMENT IN FUNDS
Unrestricted funds
General fund
TOTAL FUNDS
Net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
TOTAL FUNDS
Comparatives for movement in funds
At 1.4.24
€
21,464
21,464
Incoming
resources
122,000
122,000
Unrestricted funds
General fund
TOTAL FUNDS
Comparative net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
TOTAL FUNDS
At 1.4.23
43,661
43,661
Incoming
resources
102,000
102,000
•"lists:
Page 7
Net
movement
in funds
18,101
18,101
Resources
expended
€
(103,899)
(103,899)
At
31.3.25
39,565
39,565
Movement
in funds
€
18,101
18,101
Net
movement
in funds
(22,197)
(22,197)
Resources
expended
E
(124,197)
(124,197)
At
31.3.24
21,464
21,464
Movement
in funds
(22,197)
(22,197)
continued...

SOLI AND LEAH KELATY FAMILY TRUST FUND
Notes to the Financial Statements - continued
for the Year Ended 31 March 2025
4.
RELATED PARTY DISCLOSURES
The Charity has received donations from Asiatic Carpets Limited, a company that the Trustees are also directors, of
£102,000 (2023: £150,000)
Page 8

..
SOLI AND LEAH KELATY FAMILY TRUST FUND
Detailed Statament of Financial Activities
for the Year Ended 31 March 2025
31.3.25
INCOME AND ENDOWMENTS
Donations and legacies
Donations
Total incoming resources
EXPENDITURE
Charitable activities
Grants to individuals
Total resources expended
Net income/(expenditure)
122,000
122,000
103,899
103,899
18,101
..:;
*This page does not form part of the statutory financial statements
Page 9
31.3.24
102,000
102,000
124,197
124,197
(22,197)