CHARITY REGIST]L4TION NUMBER: 1082723
MENACHEM GENERAL CHARITABLE TRUST
Unaudited Financial Statements
For the year ended
31 March 2025
COHEN ARNOLD
CHARTERED ACCOUNTANTS
LONDON NWI I OPU

MENACHEM GENERAL CHARITABLE TRUST
Financial Statements
Year ended 31 March 2025
PAGES
Trustees, Annual Report
I to2
Independent examiner's report to the trustees
Statement of Financial Activities
Statement of Financial Position
Notes to the Fiiiancial Statements
6t012

MENACHEM GENERAL CHARITABLE TRUST
Trustees, Annual Report
Ye<ir ended 31 March 2025
Tlie tl-LlStees preseiit tlieii- i-eport aiid the Linaudited fiiiaiicial stateiiients of tlie chai-ity for the year elided
31 Mai-ch 2025.
Reference and administrative details
Registered charity name
Charity registration number
Principal office
Menachem General Cliaritable Trust
1082723
14 IB Upper Clapton Road
London
E5 9DB
The Trustees
Mr E Englandei" (Chairman)
Mrs H Z Weiss
Mr F Leichtag
Ashei- Sternliclit FCA
Cohen Ariiold
Chartered accountaiits
New Burlingtoii House
1075 Finchley Road
LONDON
NWI I OPU
Independent Examiner
Structurey governance aiid managemenl
Governing Doeument
Tlie cliarity is goveriied by a Trust Deed dated 14 Septeinber 2001.
Appointment and Recruitment of Trustees
The Trustees adiniiiister tlie day-to-day affaii-s of tlie cliarity. Every TrLlStee holds office iiiitil Iie/she
sliall die or sl)all cease to liold office by virtlie of tlie Trust Deed.
None of tlie trustees liave any beneficial Antei-est in the charity.
Wliere tlierc is 2 requireinent for iiew Triistees, tliese would be ideiitified and appointed by the remainiiig
TrLlStees. The Cliairman of the Ti'iistees would be respoiisible for the indiiction of aiiy new Trustce,
wliich involve5 amiai-eiiess of a Ti'LlStee's respoiisibilities, the goveTiiiiig dociiiTJcnl: adiiiiiiistrative
procediii'es, tlie li istory and pli ilosopliical approach of tlie Charity- A new Trustee would receive copies
of tlie previous yeai-' s aiiiiual repoit and aLCOLlllts with detailed explaiiatioii thercof.
Risk Management
Tlie trustees have ideiititied aiid reviewed thc major i-isks to wliich the Cliai-ity is exposed: in particular
tl)ose related io tlie opei-atioiis aiid finance of tlie Cliarity, and are satisfied tliat systeins are iii place to
mitigate tliose risks.
It is reconiiised tliat systems caT] only provide reasonable but not absolllte assiii-aiice iliat major risks
have beeii adequately Inaiiaued.

MENACHEM GENERAL CHARJTABLE TRUST
Trustees, Annual Report (LoiiliiiiiL'cl)
Year ended 31 March 2025
Objectives an(1 activities
Tlie Charity is establislied to furtlier those purposes botli iii tlie United Kiii(ydoin and abroad recognis¢d
as cliaritable by Englisli Law. Piirsuaiit to the objects and having i-cgard to tlie guidance of the Cliarity
Commission relating to Piiblic Beneflt, tlie Trustees made grants to religiolls, educational and
organtsations for the relief of povety.
Granl Making Policy
The Trustees are approached for doiiations by a wide variety of charitable iiistitutions operating iii tlie
United Kingdom aiid abroad. The Trustees considcr all requests wliicli they receive aiid make donations
based on the level of fuiids available.
Graiits and doijations iii tlie year totalled £47,500 (2024- £59,500).
Financial review
Income from donatiOT]s and investments aggregated £67,030. Total resources expended were £82,266
resulting in net expenditui-e (before net losses on iiivestmeiits) of £15,23 6.
The Charity's Statemeiit of Finaiicial Activities shows a net deficit of £33,926 (2024-. £9,384 defictt)
aiid total reserves of £1,586,699 (2024: £1,601,935).
Tlie financial results of tlie Cliarity's activiti¢s for the year to 31 March 2025 are fully reflected in tlie
attaclied Finaiicial Stateineiits together witli the Notes tliereon.
Reserves Policy
Tlie Reserves Pol icy of tlie Trustees Trs to maintaiii uiirestricted funds, wliich are the free reserves of the
Cliarity, at a level tliey consider appropriate to the Charity's needs taking iiito account likely future
requireinents.
Plans for future periods
The Ti-ustees plaii to contiiiue making distributions in accordance with tlieir grant-Inakin(y
eiisui'e that tlie abil ity to geiiei'ate sufficieiit iiicome is inaiiitaiiied to achieve tliat eiid.
policy and to
Tlie trustees, aniiiial report was approved on 21 2016.. and signed 011 behalf of the board of
trustees by.
Iglaiider
Trustee

MENACHEM GENERAL CHARITABLE TRUST
Independent Examiner's Report to the Trustees of
Menachem General Charitable Trust
Year ended 31 March 2025
I report to the truslees on Iny examination of the finaiicial stateinents of Menachein General Charitable
Trust ('tlie cliarity,) foi- tlie year elided 31 March 2025.
RESPONSIBILITIES AI¥D BASIS OF REPORT
As the trustces of the cliai-ity yoii are responsible for the preparatioii of tl)e fiJ)ancial staten]ents iii
accordaiice witli Ilie reqii irements of the Charities Act 2011 ('tlie Act, ).
I repori in respect of my exaininatioii of the charity's Fiiiancial stateinents carried out uiider section 145
of tlie 2011 Act and in cai-rying out my examination J Iiave followed all the applicable Directioiis given
by tlie Charity Coillmissioii undcr sectioii 145(5)(b) of the Act.
INDEPENDEINT EXAMINER'S STATEMENT
I have completed Jny examinatioii. I confirm that no material Inatters have coine to my attentioii in
coniiection with tlie exain ination giving in¢ cause to believe that in aiiy material resp¢¢t-
accountiiig records were not kept in respect of the charity as required by section 130 of tlie
tlie financial stateinents do not accord witli those records- or
tli¢ fiiiaiicial stateineiits do not coinply with the applicable requirements coiicerning tlie fonTJ
aiid conteiit of accoiiiits set out iii the Cliarities (Accoiints and Reports) Regulations 2008
other than any requii'ement that the accounts give a 'true and fail view which is not a mattel.
oiisidered as part of an independeiit examiiiation.
I have iio concerns and have come across no other matters iii connection with the examination to wliich
atteiition shou Id be drawii in this i-eport in order to eiiable a proper understanding of the accouiits to be
reaclied.
Asher Stci-iilicht FCA
Iiidependeiit exam iner
COHEN ARNOLD
Chailered accountants
New Biirliiigton House
1075 Finchley Road
LONDON
NWI I OPU
Date:

MENACHEM GENERAL CHARITABLE TRUST
Statement of Financial Activities
31 March 2025
2025
Unreslricted
fuiids Total funds
2024
Total fiinds
Note
Income and endowments
liivestineiit iiicoine
67,030
67,030
64,657
Total income
67,030
67,030
64,657
Expenditure
Expenditure on raising funds:
Investment managemeiit costs
Expeiiditui-e 011 cliaritable activities
Total expenditure
(33,583)
(48,683)
(82,266)
(33,583)
(48,683)
(12,568)
(60,634)
(82,266)
(73,202)
Net loss on investments
(18,690)
(18,690)
(839)
Net expenditure and net movement in funds
(33,926)
(33,926)
(9,384)
Reconciliation of funds
Total funds brouglit forward
Total funds carried forward
1,601,935
1,601,935
1,611,319
1,568,009
1,568,009
1,601,935
The stateineiit of finaiicial activities includes all gains and losses recognised in tlie year,
Al l iiicoiiie and expeiiditiire derive from continuing activities.
The notes on pages 6 to 12 form part of these finincial statements.

MENACHEM GENEII4L CHARITABLE TRUST
Statement of Financial Position
31 March 2025
2025
2024
Fixed assets
Investments
14
1,511,178
1,529,868
Current assets
Debtors
Cash at bank and in hand
15
16?14
57,899
12,732
75,269
74,213
88,001
Creditors: amounts falling due
within one year
Net current assets
16
(17,382)
(15,934)
56,831
1,568,009
1,568,009
72,067
Total assets less current liabilities
1,601,935
Net assets
1,601,935
Funds of the charity
Unrestricted funds
1,568,009
1,568,009
1,601,935
1,601,935
Total eharity funds
17
These financial statements were approved by the board of trustees and authorised for issue on
2i.TrduAq.&26 and are signed on behalf of the board by:
Mr E Englander
Trustee
The note5 on P¢ige$ 6 to 12 form part of these financial stateme￿1$.

MENACHEM GENERAL CHARITABLE TRUST
Notes to the Financial St14 tements
Year ended 31 March 2025
General informalion
The ¢1i21-ity is registei-ed cliai-ity iii Enoland aiid Wales and is unii)coi-porated. Tlie address of tlie
principal office is 141 B Upper Clapton Road, Loiidoii, E5 9DB.
Statement of con)pliance
These financial stateineiits liave been prepared in compliance witli FRS 102, 'Th¢ Financial
Reporting Standard applicable in tlie UK and tl)e Republic of Irelaiid,, tlie Statement of
Recommei)ded Practice applicable to charities preparin(y
their accoiints in accordance with the
Flnancial Reporting Staiidard applicable in the UK and Republic of Ireland (FRS 102) (Cliarities
SORP (FRS 102)) and the Charities Act 2011.
Aceounting policies
Basis of preparation
Tlie financial statemeiits have beeii prepared on the Iiistorical cost basis, as modified by the
revaluation of certain financlal assets and liabilities and investmeiit properties measured at fair
value tlirough incoine or expenditure.
The financial stateinents are prepared in sterling, wliich is the fLlllCtional currer)¢y of the eiitity.
Judgements and key sources of estimation uncertainty
In the application of the cliarity's accoiiiitin
y policies, tlie trustees arc required to make judgemeiits,
estiinates aiid assuinptioiis abolit tlie carryiiig amouiits of assets and liabilities that are not readily
apparent froni other sources. The estimates aiid associated assumptions are based on Iiistorical
experieTkce and otlier factors that are considered to be relevant. Actual results may differ from these
estiinates.
The estiinates and undei-lyiiig assiimptions are reviewed oli ali ongoing basis. Revisioiis to
accounting estimates al'e recognised iii tl)e period iii which the estiinate is revised if the revision
affects only tliat period, or iii the pei-iod of the revisioii aiid future perlods if the revision affects
botli current and future periods.
Tlie valiiation of invcstinent properties is iiilierently subjective, dependiiig on maiiy faclot's,
includin(T tlie ii)dividual iiature of each property, its locatioii aiid expected future net reiital valiies,
market yields aiid coinparable market traiisactioiis. Tliei-efore, the valiialioiis are subject to a deoree
of uncertainty and are made oli the basis of assuinptioiis wliicli Inay not prove to be accurate,
particiilarly in periods of difficult market or econoin ic conditions.
Income tax
The charity is iiot liable to d irect taxatioii oli its incoine or gains, wlietlier Tealised or iiot, as it falls
wttliin the varioiis exeniptioiis liable to registered charities. Accordinoly, tlie cliarity does not
reco(ynise any defei-red tax l iabil ity 011 revaliiatioiis of iiivestiiieiits as no tax would be diie in the
eveiit of a disposal as the cliarity would beiieflt from tli¢ relevaiit exemptions, as it will apply all
fund5 for qLial ifyiiio charitable PLirposes.

MENACHEM GENERAL CHARITABLE TRUST
Notes to the Financial Statements (eoiiliiiiied)
Year ended 31 March 2025
Accounting policies (coniiiiiied)
Investment Properties
Investmeiit properties are properties which are held either to earli rental income or for capital
appreciation or for botli. Iiivestiiient properties are recoonised iiiitially at cost.
Subsequeiit to initial recogiiitioii
(i) Iiivestment properties whose fair value cali be measiired reliably without undue cost or effort
are held at fair value. Any gains or losses arising from changes in tlic fair value are r¢cogiiised in
tlie iiicome aiid expenditure accoiint iii the period that they arise; and (li) No depreciatioii is
provided in respect of investment properties applying the fair value Inodel.
Investment property fair value is determined by the trustees based on Professional valuatioiis, their
understaiiding of property market conditions and the specific properties concerned using a sales
valuatioii approach, derived froin recent coirlpai-able traiisactions on the Jnarket, adjusted by
applying discoiints to reflect status of occiipation and condition.
Acquisitions and disposals of properties
Acquisitions and disposals of properties are coiisidered to take place at the legal completion and
al'e included in the financial statenieiits accordingly.
Trade debtors
The trustees use details of tlie age of trade debtors and the status of any disputes together witli
exteriial evidence of tlie credit status of the counterparty iii making judgements concerning any
need to iinpair tlie carryiiig values.
Fund accounting
General unrestricted funds coinprise the accuiTJulated surpliis or deficit OT] income and expenditure
account. Tliey are available for use at the discretioii of the triistees iii fiiitherance of the general
objectives of tlie cliarity.
Restricted fiiiids are fuiids subject to specific restricted coiiditioiis imposed by donors. Tliere are
no restricted fuiids as at the Balance Sheet date.
Designated funds are funds wliicli have beeii set aside at th¢ discretion of the trustees for specific
piirposes. There al-e no desigiiated fiiiids as at the Balance Slieet date.
Incoming resources
All iiicoming resources al'e irjcliided in the stateineiit of finaiicial activities wlien entitlement lias
passed to tlie charity. it is probable that tlie ecoiioinic benefits associated with the transaction will
flow to the charity and the amount can be reliably measured. The following specific policies are
applied to particular categories of incoine-
income froiT) donations or grants is recognised wlien there is evidence of entitlement to Ilie
gift, receipt is probable and its amoiint can be Ineasured reliably.
legacy income is recogii ised when receipt is pi-obable and eiititleineiit is established.

MENACHEM GENERAL CHARITABLE TRUST
Notes to the Financial Statements (¢'OlJfflJllll'il)
Year ended 31 March 2025
Accounting policies (coitliitiierf)
Incoming resources (ConliJiu¢il)
iiicome from doiiated goods is measured at the fair valiie of the IFoods iinless tliis is
impractical to Ineasure reliably, iii wliicli case tlie value is dei'ived froin tlie cosl to tlie doiior
or the estimated resale value. Doiiated facilities and services are recogiiised in the accounts
when rcc¢ived if the valiie can be reliably measured. No ainounts ￿-C included for the
contribution of oeneral voluiiteers.
incoine from contracts for the supply of services is recognised with tlie delivery of tlie
contracted service. This is classified as unrestricted funds unless tliere 15 a contractual
requirement for it to be spent oil a particular purpose and retiirned if unspent, in which case
it may be regarded as restricted.
R&sources expended
Expenditure is recognis¢d on an accruals basis as a liability is incurred. Expenditure iiicludes any
VAT which cannot be fully recovered, and is classified under headings of thc stateinent of finaiicial
activities to which it relates:
expenditure on raising fiiiids incliides the costs of all fuiidraising activities, events, non-
cliaritable trading activities, aiid tlie sale of donated goods.
expenditure on charitable activities includes all costs incurred by a cliarity in undertaking
activities that fiirtlier its chariÉabl¢ aiins foi. tlie beiiefit of its beneficiaries, includiiig those
support costs aiid costs relating to tlie governance of the charity apportioned to charitable
activities.
other expenditure includes all expenditUlE tliat is neither related to raising funds for tlie
charity nor part of its expeiidilure oil charitable activities.
All costs are allocated to expeiiditlire categories reflecting the use of th¢ I'esource. Direct costs
attributable to a single activity are allocated directly to that activity. Shared costs are apportioned
between tlie activities they coi)tribute to oil a r¢2soi)able, justifiable and consistent basis.
Grants payable
Tliese are only recogiiised in the accounts wl)eii a commitmeiit lias been inade and thei'e are no
conditions to be inet relatiiig to the orant which I'einaiii in tlie control of the charity.
Financial instruments
A financial asset or il fiiiaiicial liability is i-ecognised only wheii the enlity becomes a party to tlie
co]Jtractual provisions of the iiistniinenl.
Basic finaiiclal insti-uinents are iiiitially recognised at the amount receivable or payable includiiig
aiiy related transactioii costs, uii less tlie arrangeiiicnt coiistitutes a finaiiciiig transactioii. wlicre it
is recooiiiscd at tlie preseiit valiie of tlie futui-e paymeiits discouiited at a Inarket rate of iiitere5t for
a sim ilar debt iiistrliineiit.
Ciirrent as.sets aiid current liabi lities al-e subsequeIiily Ineasurcd at tlie cash oi- otlier consideratioii
expcctcd to be paid or receivcd and iiot d iSCOLiiiled.
Debt instl-liinents are subsequeiitly iiieasiired at aiiiortised cost.
Fiiiaiicial assets tliat al'e measured at cost or ainonised cost are reviewed foi. objective evideiice of
iiiipaii'ineiit al tlie eiid of eacli reportiiio date. If tliere is objective evidei)ce of iinpairiT]eiil. ali
iin pairiiieiit loss is i-ecogiiised iiiider tlie appropi-iate13eadiiig iii tlie stateineiit of fiiiaiicial activities
iii wliicli tlie iiiitial oain was r¢co(yiiised.

MENACHEM GENERAL CHARITABLE TRUST
Notes to the Financial Statements (conliiiiied)
Year ended 31 March 2025
Accounting policies (coiiiiiiiiL?d)
Any reversals of iinpairinent are recognised immediately, to tlie extent tliat tlie I'eversal does not
result in a carrying amount of the financial asset that exceeds what tlie cariying ainoiiiit would liave
been had tlie impairinejit not previously been recogiiised.
nvestment ij]come
Unrestricted Total Funds Unrestricted Total Fiiiids
Fiinds
2025
Fuiids
2024
Income froln UK investment
properties
Intei'est receivable
65,302
1,728
67,030
65,302
1,728
62,508
2,149
64,657
62,508
2,149
67,030
64,657
Investment njanagement costs
Unrestricted Total Funds Uiirestricted Total Funds
Funds
2025
Fuiids
2024
Iiivestineiit property management
costs
33,583
33,583
12,568
12,568
Expenditure on charitable activities by fund type
Uiirestricted Total Funds Uiirestricted Total Fuiids
Funds
2025
Fiiiids
2024
Donations Paid
Support costs
47,500
1,183
48,683
47,500
1,183
59,500
1,134
59,500
1.134
48,683
60,634
60,634
Expenditure on charitable activities by activity type
Grant
funding of
activities Support costs
Total funds Total fuiids
2024
2023
Doiiatioiis Paid
Governaiice costs
47,500
47,500
1,183
59,500
1,134
1.183
47,500
1.183
48,683
60,634

MENACHEM GENERAL CHARITABLE TRUST
Notes to the Financial Statements (euiiftiiiiecl)
Year ended 31 March 2025
Analysis of grants
2025
2024
Gr2nls to institutions
Donations Paid
47,500
59,500
Total grants
47,500
59,500
All doiiations were made to charities whose objectives are in liiie witli the objectives of tlie charity.
The composition of donations is sliown below.
Yom Tov Graiits
Chevras Mo'oz Ladol
Other grants
20,000
18,000
9,500
£47,500
Net gains on investments
Unrestricted Total Funds Unresti-icted Total Funds
Funds
2025
Funds
2024
Loss oil revaluation of unlisted
investment
(18,690)
(18,690)
(18,690)
(18,690)
(839)
(839)
(839)
(839)
10. Net income
Net income is stated after cliarging:
2025
2024
Fees payable to the iiidependent exainiiier for:
Iiidepeiideiit examination of the financial stateineiits
1,040
985
11. Staff costs
No salaries or wages liave beeii paid to einployees diii-iiig tlie yeai..
No staff were employed by tlie cl)arity duriiio tlie repoitiiig pei'iod.
io

MENACHEM GENERAL CHARITABLE TRUST
Notes to the Financial Statements (coiiiiniigd)
Year ended 31 March 2025
12. Trustee remuneration and expenses
No salaries or wao¢s liave been paid to einployees, including ilie trustees, diirino tlie year. Tlie
charity did not meet any iiidividual expeiises incurred by tlie trustees for services provided to tlie
cliarity.
13. Investments
Investinent
Otlier
properties iiivestments
Total
Valuation
At l April 2024
Revaliiations
1,475,000
54,868
(18,690)
1,529,868
(18,690)
At 31 Mareh 2025
1,475,000
36,178
1,511,178
Carrying amount
At 31 March 2025
1,475,000
36,178
1,511,178
At 31 Marcli 2024
1,475,000
54,868
1,529,868
The cliarity's investinent properties were valued by tli¢ trustees at 31 Marcli 2025 based oli
tlie trustees, iinderstaiiding of property market conditioiis aiid the specific propeities
concerned, usiiig a sales valuatioii approach, derived from recent coinparable traiisaclioiis on
tlie market, adjusted by applying discounts to reflect status of occupatioii and coiiditioii.
b. The historical cost of the properties is £625,851 (2024-. £625,851).
Tlie Tn]st Iiolds l 00 % of the Issiied Share Capital li) Caneprop Liinited, a propeity iiiveslinent
company incorporated in Great Britain and registered iii Eiigland.
The profit for tlie Financial Year aiid regat¢ Capital and Reserves of the Coinpany at 31
March 2025 were £7,620 and £36,178 respectively.
Th¢ fair value at 31 March 2025 of the Investmeiits in uiiquoted Coinpaiiies is based on tlie
underlying valiie of assets less liabilities of these Compaiiies. Tlie valuatioii of properties and
other assets in tliese Companies has been Inade by tlie Triistees of the Charitable coinpaiiy.
14. Debtors
2025
2024
Reiits and charges receivable
Other debtors
8,891
7,423
6.699
16J14

MENACHEM GENERAL CHARITABLE TRUST
Notes to the Financial Statements (conliiiiied)
Year ended 31 March 2025
15. Creditors: amounts falling due within one year
2025
2024
Ti-ade creditors
Other creditors
8,925
8,457
7,424
8,510
17,382
15,934
16. Analysis of charitable funds
Unrestricted funds
Atl
April
2024
At31
March
2025
Income Expenditure
General funds
1,601,935
67,030
(100,956) 1,568,009
Atl
AprAI
2023
At31
March
2024
IncoTne Expeiiditure
General funds
1,611,319
64,657
(74,041) 1,601,935
17. Analysis of net assets behveeD funds
Uiirestricted Total Funds Uiirestricted Total Funds
Fiinds
2025
Fuiids
2024
Iiivestments
Current assets
Credltors less thali oiie year
Net assets
1,511,178
74,213
(17,382)
1,568,009
1,511,178
74,213
(17,382)
1,568,009
1,529,868
88,001
(15,934)
1,601,935
1,529,868
88,001
(15,934)
1,601,935
18. Related parties
There have b¢¢ii no related party traiisactions in the reportiiig period that reqLliI-e disclosiire.
12