**REGISTERED CHARITY NUMBER: 1078321**
## **Report of the Trustees and**
**Unaudited Financial Statements for the Year Ended 31 March 2025**
## **for**
## **Starview Charity**
London Accounting Group Ltd 5 North End Road London NW11 7RJ
**Starview Charity**
**Contents of the Financial Statements for the Year Ended 31 March 2025**
|||**Page**||
|---|---|---|---|
|**Report of the Trustees**|1|to|2|
|**Independent Examiner's Report**||3||
|**Statement of Financial Activities**||4||
|**Balance Sheet**||5||
|**Notes to the Financial Statements**|6|to|11|
**Starview Charity**
**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**
## **Objectives and aims**
The charity was formed for the advancement of the education of persons expressing the orthodox Jewish faith, the advancement of the orthodox Jewish faith, and the relief of poverty in the orthodox Jewish community.
The charity is also actively involved in raising funds for general education, and relief of poverty, and to this end made substantial grants in the year under review.
## **Significant activities**
In relation to the charity's activities there were no significant activities undertaken during the period.
## **Public benefit**
The trustees confirm their compliance with the duty to have regard to the Public Benefit guidance published by the Charity Commission when reviewing the Charity's aims and objectives in planning future activities.
## **Grantmaking**
Grants are made to charitable institutions and organisations which accord with the objects of the Charity.
## **Volunteers**
During the period, the charity did not have any volunteers to help with the objective of the charity.
## **ACHIEVEMENT AND PERFORMANCE**
## **Charitable activities**
The trustees consider that the performance of the charity this year has been most satisfactory. Substantial funds have been granted to institutions during the period from contributions received from donors.
The Statement of Financial Activities shows a net loss of £111,758 after making total grants of £256,000 and the reserves stand at £1,360,742.
## **FINANCIAL REVIEW**
## **Principal funding sources**
Starview is pleased and fortunate to receive donations from a related organisation (see note 10). Also through its investment policy the returns from the investments have produced good rental income.
Overall the charity has experienced a good year and hopes it will continue to do so next year.
## **Investment policy and objectives**
Under the memorandum and articles of association, the charity has the power to make any investment, which the trustees see fit. The trustees have considered the most appropriate policy for investing funds and have found that investments in property meets their requirements to generate both income and capital growth.
## **Reserves policy**
The charity does not maintain a reserve policy, as reserves are distributed when they become available, at the trustees' discretion. The present level of funding is adequate to support the continuation of its objects and the trustees consider the financial position of the charity to be satisfactory.
## **FUTURE PLANS**
There are no significant future developments to report.
Page 1
**Starview Charity**
## **Report of the Trustees for the Year Ended 31 March 2025**
## **STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document**
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
## **Recruitment and appointment of new trustees**
It is not the intention 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.
## **Wider network**
At present Starview Charity does not consider itself part of a wider network.
## **Risk management**
The trustees have identified and reviewed the major risks to which the charity is exposed. Both manual and automated checks are regularly invoked, particularly those relating to the operations and finance of the charity. The trustees are satisfied that these systems and procedures mitigate any perceived risks.
## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number**
1078321
## **Principal address**
36 Leweston Place London N16 6RH
## **Trustees**
Mrs J Sternlicht Mr A Sternlicht Mr B Gancz
## **Independent Examiner**
Frank Martin (FCA) London Accounting Group Ltd 5 North End Road London NW11 7RJ
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
........................................................................ Mr A Sternlicht - Trustee
Page 2
**Independent Examiner's Report to the Trustees of Starview Charity**
## **Independent examiner's report to the trustees of Starview Charity**
I report to the charity trustees on my examination of the accounts of Starview Charity (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. 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.
Frank Martin (FCA)
London Accounting Group Ltd 5 North End Road London NW11 7RJ Date: .............................................
Page 3
**Starview Charity**
## **Statement of Financial Activities for the Year Ended 31 March 2025**
|31.3.25
Unrestricted
fund
Notes
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
20,000
Investment income
2
141,036
**Total**
161,036
**EXPENDITURE ON**
**Charitable activities**
Charitable grants
256,600
Other
16,194
**Total**
272,794
**NET INCOME/(EXPENDITURE)**
(111,758)
**RECONCILIATION OF FUNDS**
Total funds brought forward
1,472,500
**TOTAL FUNDS CARRIED FORWARD**
1,360,742|31.3.24
Total funds
£
30,000
146,915|
|---|---|
||176,915|
||149,000
16,999|
||165,999|
||10,916
1,461,584|
||1,472,500|
The notes form part of these financial statements
Page 4
**Starview Charity**
## **Balance Sheet 31 March 2025**
|31.3.25
Unrestricted
fund
Notes
£
**FIXED ASSETS**
Investment property
6
1,199,798
**CURRENT ASSETS**
Debtors
7
24,746
Cash at bank
152,346
177,092
**CREDITORS**
Amounts falling due within one year
8
(16,148)
**NET CURRENT ASSETS**
160,944
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
1,360,742
**NET ASSETS**
1,360,742
**FUNDS**
9
Unrestricted funds
1,360,742
**TOTAL FUNDS**
1,360,742|31.3.24
Total funds
£
1,199,798
44,036
244,813
288,849
(16,147)
272,702
1,472,500
1,472,500
1,472,500
1,472,500|
|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. Mr A Sternlicht - Trustee
The notes form part of these financial statements
Page 5
**Starview Charity**
**Notes to the Financial Statements for the Year Ended 31 March 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.
## **Investment property**
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the Statement of Financial Activities.
## **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. INVESTMENT INCOME**
|**INVESTMENT INCOME**|||
|---|---|---|
|Rents received
Deposit account interest
Interest receivable - trading|31.3.25
£
140,993
43
-
141,036|31.3.24
£
146,766
92
57|
|||146,915|
Page 6
continued...
**Starview Charity**
**Notes to the Financial Statements - continued for the Year Ended 31 March 2025**
|**3.**
**GRANTS PAYABLE**
Charitable grants
The total grants paid to institutions during the year was as follows:
Shaykel Esuh
Ben Amram Charitable Trust
Amud Hatzdokoh
Yad Vochessed Association Limited
Chasdei Uvois
Shir Chesed Beis Yisroel
Beis Aharon TT Activity Centre
Chevras Mo'oz Ladol
British Friends of Mosdos Tchernobel
Congregation Vyoel Moshe D'Satmar Charitable Trust
Viznitz Insitutions Trust
Chareidim Beis Shaymesh
Live and Learn
Yetev Lev Jerusalem Trust
Reb Shayley's Tzeduke
Keren Nissuin (Mislonim)
Tomchim
Machzikei Lomdei Torah
Toldos Aharon Trust Ltd
One Heart -Levechod
Ezer Viznitz Foundation
Friends Of Beis Chinuch Lebonos
Kupath Gemach Chaim Bechesed
Merkaz Hatorah Of Belz
Mifal Hachesed Vehatzedokoh
OHR Emes
Zoreya Tzedokos
Friends of Shekel Hakodesh
Low Cost Living
Mosdos Hatorah Pnei Menachem
Canvey Jewish Trust
Trustees Gateshead Talmud
Fundd
PPC Trust
Kehal Chareidim Trust
Yesamach Levav
Canvey Kehilla
Yeshiva Luzern
Friends R US
TTBA Belz
Bayis Lepleitos
Friends Of Beis Soroh Schneirer
Lechem Shlomo
A Spark In The Dark Ltd|31.3.25
£
256,600
31.3.25
£
-
10,000
6,500
5,000
10,000
-
-
15,000
-
20,000
4,000
3,600
7,500
-
5,000
10,000
8,500
2,500
5,000
5,000
5,000
5,000
-
5,000
5,000
6,000
-
3,000
-
-
5,000
-
10,000
5,000
15,000
15,000
20,000
10,000
5,000
6,000
4,000
5,000
5,000
5,000
256,600|31.3.24
£
149,000|
|---|---|---|
|||31.3.24
£
4,000
5,000
-
5,000
-
4,000
7,000
-
5,000
20,000
6,000
6,000
-
4,000
-
5,000
-
5,000
-
13,000
-
11,000
5,000
4,000
5,000
-
4,000
10,000
5,000
6,000
5,000
5,000
-
-
-
-
-
-
-
-
-
-
-
-|
|||149,000|
continued...
Page 7
**Starview Charity**
**Notes to the Financial Statements - continued for the Year Ended 31 March 2025**
## **3. GRANTS PAYABLE - continued**
## **4. 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.
## **5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
||Unrestricted|
|---|---|
||fund|
||£|
|**INCOME AND ENDOWMENTS FROM**||
|Donations and legacies|30,000|
|Investment income|146,915|
|**Total**|176,915|
|**EXPENDITURE ON**||
|**Charitable activities**||
|Charitable grants||
||149,000|
|Other|16,999|
|**Total**|165,999|
|**NET INCOME**|10,916|
|**RECONCILIATION OF FUNDS**||
|Total funds brought forward|1,461,584|
|**TOTAL FUNDS CARRIED FORWARD**|1,472,500|
continued...
Page 8
**Starview Charity**
**Notes to the Financial Statements - continued for the Year Ended 31 March 2025**
|**6.**
**INVESTMENT PROPERTY**
**FAIR VALUE**
At 1 April 2024
and 31 March 2025
**NET BOOK VALUE**
At 31 March 2025
At 31 March 2024
**7.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Other debtors
J S Estates-Agents-Debtors
J S Estates-Agents-S/Chg Fund
**8.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Other creditors
**9.**
**MOVEMENT IN FUNDS**
At 1/4/24
£
**Unrestricted funds**
General fund
1,472,500
**TOTAL FUNDS**
1,472,500
Net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
161,036
**TOTAL FUNDS**
161,036|31.3.25
£
120
12,626
12,000
24,746
31.3.25
£
16,148
Net
movement
in funds
£
(111,758)
(111,758)
Resources
expended
£
(272,794)
(272,794)|£
1,199,798
1,199,798
1,199,798
31.3.24
£
120
22,916
21,000
44,036
31.3.24
£
16,147
At 31/3/25
£
1,360,742
1,360,742
Movement
in funds
£
(111,758)
(111,758)|
|---|---|---|
continued...
Page 9
**Starview Charity**
**Notes to the Financial Statements - continued for the Year Ended 31 March 2025**
## **9. MOVEMENT IN FUNDS - continued**
## **Comparatives for movement in funds**
|Net
movement
At 1/4/23
in funds
£
£
**Unrestricted funds**
General fund
1,461,584
10,916
**TOTAL FUNDS**
1,461,584
10,916
Comparative net movement in funds, included in the above are as follows:
Incoming
Resources
resources
expended
£
£
**Unrestricted funds**
General fund
176,915
(165,999)
**TOTAL FUNDS**
176,915
(165,999)
A current year 12 months and prior year 12 months combined position is as follows:
Net
movement
At 1/4/23
in funds
£
£
**Unrestricted funds**
General fund
1,461,584
(100,842)
**TOTAL FUNDS**
1,461,584
(100,842)|At 31/3/24
£
1,472,500|
|---|---|
||1,472,500|
||Movement
in funds
£
10,916
10,916
At 31/3/25
£
1,360,742|
||1,360,742|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
||Incoming|Resources|Movement|
|---|---|---|---|
||resources|expended|in funds|
||£|£|£|
|**Unrestricted funds**||||
|General fund|337,951|(438,793)|(100,842)|
|**TOTAL FUNDS**|337,951|(438,793)|(100,842)|
continued...
Page 10
**Starview Charity**
**Notes to the Financial Statements - continued for the Year Ended 31 March 2025**
## **10. RELATED PARTY DISCLOSURES**
The Charity received donations totalling £20,000 (2024:£30,000) from Sparktown Limited a company in which the Trustees Mrs J Sternlicht, Mr A Sternlicht and Mr J Sternlicht are directors.
Page 11