COMUNIDAD ISRAELITA ORTODOXA OF ARGENTINA Trustees, report and financial statements for the year ended 7 July 2025 COMUNIDAD ISRAELITA ORTODOXA OF ARGENTINA Contents Page Refercnce and administrative infornution Twsiees, report Independent examiner's report Stalemenl of financial act2vilies Balance sheet Notes io the financial statements COMUNIDAD ISRAELITA ORTODOXA OF ARGENTINA Reference and administrative inforniation Trusiees I Soter M Ecksiein M Zafir Charity number 1084438 Office 21 Fountayne Road London N16 7EA Independent examincr E Meyer FCA Bsc Sugarwhite Meyer Accountants Ltd Chartered Accountants First Floor 94 Stamford Hill tA>ndon N16 6XS Bankers HSBC Bank plc 312 Seven Sisiers Road London N4 2AW Pa¥e I COMUNIDAD ISRAELITA ORTODOXA OF ARGENTINA Trustees, report for the year ended 7 July 2025 Referenee and administrative information Reference and administrative infonnaiion is shown on page l of ihe financial st&ieTncnts and fonns part of thi5 repon. Constithtion The charity was established by Deed of Trust on 14 April 2000. Organisational stru¢¢ure The power to appoini new trustees is vested in Ihe cutrcni bvard. It is not the intention of the tn151ccs of the charity io appoint any new trustees. Should the situation changc in the future. the trustees will apply suitable recruiimeni induction and training priKedures. Objects for public bebefit The chority ubj¢ct5 arc to advance Orthodox Jewish rcligion and education. and to provide rclief from pov¢rty. SILkncss and disability. The charity operates world-wide with a particular inieresi in Argentina. The trustees confirm that they have referred to the Charity Commission's general guidancc on public benefii when reviewing the chariiy's aim4 and objectives and in planning future aciiviiie%, and setting the grani making poliey for the year. Review and activities The trustees are pleased with resulisof the year. There was a decrease in boih income and expenditure, which reilted in a def&cit for the year. which funded from recerves held. Reserve policy It is the policy of the trustees lo distribute funds as availdble and therefore no provision for future fijnding is Tnaintained. Reserves at the year end were £27,029 (2024 -£38.955). Risk review The trustees have confirmcd that there are no maj()r risk5 to whiLh the charity is exposed. Statement of trustees, responsibilities The tru%tees atc rc5pon5ible for preparing the TNsiees' Annual Report and the financial .8iatrment5 in accordance with applicable law and United Kingdom Accountitlg Standards (United Kingdom Generally Accepted Accounting Practice}. The Idw applicablc to charities in England and Wale5 rcquir¢5 thc trustecs to prepare financial statements for each financial year which give a irue and f'air view of the stale of affairs of the Lharity and of the incoming res()ur¢cs and applicaiion of resource.% of Ihc charity for that period. In prep￿ng those financial Sta￿men[S, rhc trus*es are required io; seleci suitable accounting policies and then apply Iheni consistently; observe the methods and prin¢iples of ihe Charities SORP: make judgemenis dnd estimates that reasonable and prudent,. statc whether applicable accounting siandards and stalements of recommended practice have been followed subject to any departures di8¢losed dnd explained in the financial siaiements: and prepare the fin￿ClaI gtatcmcnts on the going conLen) basis unless it is inappropriate to presume thai thc charity will coniinue its a¢tivilies. Poge 2 COMUNIDAD ISRAELITA ORTODOXA OF ARGENTINA Trustees, report for the year ended 7 July 2025 The lli]stees are resp()nsible for keeping proper accounting records whiLh disLlose with reasonablc accuracy at any time (he financial position of the charity and enable them to erksure that the financial statements comply with the Charities Act 2011, the Charity {Accounts and Reports} Regulations 2008 and the provi8ions of the Injsl deed.They are also responsible for safegudrding the asset5 of the charity aiid hellce for taking Te4isonable steps for the prevention and detection of fraud and other irregularities. This report was approved by the trustees and signed on their behalf on 7 May 2026 by I Sofer Trustee Page 3 COMUNIDAD ISRAELITA ORTODOXA OF ARGENTINA Independent examiner's report to the trustees on the unaudited financial statements of COMUNIDAD ISRAELITA ORTODOXA OF ARGENTINA. I repon ti) the iru%tee8 on my examination of the financial siatetnenls of the COMUNIDAD ISRAELrrA ORTODOXA OF ARGENTINA (the Trnst} for ih¢ year ended 7 July 2025. Respective responsibilities of trustees and examiner As the charity trustees of the trust you are are responsible for the preparation of the finacial statements in accordance with the requirements of the Charities Act 2011 (the Act}. I repurt in rcspcct of my examinaiion of the Trust's aLCUUtIts Latried out under section 145 of the 2011 Act and in carrying out my examinati()n I have f()Ilowcd all the applicable Direciions given by the Chariiy Commi%%i()n under section 145(5)(b) of the Act. Independent examiner's statement I have completed my examination. I confirni that no niateriai matters have come to my attention in connection with the examinaiion giving me cause to believe ihai in any material respccl.. accouniing re£ords wcrc not kept in respect of the Trnst as required by section 130 of the Acr,. or 2. the accounts do not accord wilh lhotse records; or 3. the ac¢ounl do not cotnply with the applicable requirements concerning the forni and contents of dc¢ounts set out in the Charities l Accouni and Repottsl Regulations 2008 other than any requirement that accounts give a 'true and fair View, which is not a mailer considered as pan of the independent examinarion. I have no concerns and havc come across no other matters in conneLlivn with the examination io which aiteniion sholuld be drawn in this report in order to enable a proper understanding of the accounts to be reached. E Meyer FCA Bsc Sugarwhite Meyer Accountants Ltd Chartered Accountants First Floor 94 Stamford Hill London N16 6XS 7 May 2026 Page 4 COMUNIDAD ISRAELITA ORTODOXA OF ARGENTINA Statement of financial activities for the year ended 7 July 2025 Year ended 2025 Total (unrestrietedl Period ended 2n24 Total Notes Income Donalions 31.704 58.053 Total income 31.704 58.053 Expenditure Raisingfvnds (3,769) {4,1851 Clwrttable oclivilie5 {39.861} {47,1011 Total expenditure (43,6301 {51,286) Net surplus (11,9261 6,767 Reconcllia¢ion of funds Total fuiids brought fonvard 38,955 32,188 Total funds carried forward 27,029 38,955 The notes on pages 7 to 9 form an integral part of these financial statements. Page 5 COMUNIDAD ISRAELITA ORTODOXA OF ARGENTINA Balan¢e sheet as at 7 July 2025 2025 2024 Notss Current assets Debtors Cash ai bank and in hand 24.969 41.920 28,969 41,920 Credlts>rs: amounts falling due within one year 11,9401 (2,9651 Net eurrent assets 27,029 38.955 Total assets less Current liabilities 27,029 38.955 Net assets 27.029 38,955 Funds of the charity Unresiricted funds 27.029 38.Y55 27,029 38.955 The financial slatemenis were approved by the trustees on 7 May 2026 and signed on their behalf by I Sofer Trustee The notes on pages 7 to 9 form integral part of these financial statemen Page 6 COMUNIDAD ISRAELITA ORTODOXA OF ARGENTINA Notes to the financial statements for the year ended 7 July 2025 A¢¢ounting policies 1.1. Accounting convention The financial statements have been prepared under the historical cost convention dnd in accordance with Accouniing and Reporting by Ch8ri1ies'. Siatement of Recommended Practice applicable to ¢hari(ie.% pieparing their accounts in accordance with the Financia] Reporting Standard applicable in the UK and Republic of Ireland {Charities SORP FRS 102- effective l January 2019) and the Charities Act 2011. The charity is a public benefil eniity under FRSIO2. 1.2. Income Income received by way of donations is accounted for when received. 1.3. Expenditure Liabilitie8 are recognised in ihe year in which they are incurred and includes irrecoverable VA T. Support costs are those incurred 10 a8%i%t rhe work of the charity but are not direct charitable acrivilies. Governace costs are those incurred in connection with administrarion of the charity and compliance with constituiional and statutory requiremenib. 1.4. Going concern Ther¥ 4ll"e nu illaieridl uncertainties about the charily's ability to continue. Charitable gctivities 2025 2024 Grants lo institutions - religious educaiion Grant to insitutions - medical aid Grants io insritutions - advan¢emeni of religion Support Governan¢e 39.250 33,300 259 5,102 1,200 1,988 5.083 780 39,861 47,101 Grani% to tn.%tiiutions'. CIO in Argentina. Others 33,300 259 33,559 Page 7 COMUNIDAD ISRAELITA ORTODOXA OF ARGENTINA Notes to the financial statements for the year ended 7 July 2025 Governance costs 21)25 2024 Independent examiner's fee Independent examiner's - other fees Generdl expenses 300 360 91M) 360 294 1,200 1.014 Employee5 Number of employees The average monthly numbers of employec5 (excluding ihc trustees) during the year were.. 2025 2024 Number Number Suppo Employment costs Wages and salaries 4.917 4,143 Trustees. emoluments No trustee received remuneration. aElowance for or reimburs¢ment of expenses. Debtors Other debtors 4,000 Creditors: amounts falling due within one year 2025 2024 Accrua15 and deferred income 1.940 2.965 Page 8 COMUNIDAD ISRAELITA ORTODOXA OF ARGENTINA Notes to the financial statements for the year ended 7 July 2025 Related party transactions The wife of trnstee reL'eived wages of £4,917 Page 9 COMUNIDAD ISRAELITA OR TODOX4 OF ARGENTINA 21 Fountayne Road London N16 7EA Charity No.. 1084438 Suganvhite Meyer AeLouniants Lid Firsi Fl()or 94 Si&mford Hill IA)ndon N16 6XS 7 May 2026 Dear Sirs. This representation letter is provided in connection with the the financial 5raiemenis for the year ended 7 July 2025. General We acknowledge as trustees our responsibilities for preparing financial 8iatements which give a true and fair view bearing in mind the requirements of the Charily Commission s Statement of Recommended Practice Charities SORP IFRS 1021 and the Charilles Act 2011. To the best of our knowledge and belief all tran5action5 undertaken by the chdrity have bee properly recorded in the accounting iecords and all relevani records have been given to you. We have provided to you all iiiforniation requested and havc given unresiricted access io persons within the entlty from whom you have deerned it necessary to request information. We confirni that Ihe financial statement are free of niaterial misstatctnenls. inLluding ommissions. We believe ihdi Ihe effeci of uncorreLied mi8siatements are immaterial both individually and in aggrega* to the financial sthiemeni% as a whole. Internal Control We acknowledge our responsibility for internal cuntrol systems tu prevent and detect fraud. We Lonfkrn) thai ihere have been no actual or suspected instances of fraud. Aeeountlng Polfieles The accounting policies used are detailed in the financial starements and are consisieni wilh those adop(ed in Ihe previous fjnancial statements. 3. St*temeDt of Financial Activities Except as discloscd in the financial statements, the results for the year were not materially affe¢ied by.. (a) {b) transactions of a sort not usually undertaken by the chariiy, ¢ir¢umsiances of an exceptional or non-recutTenÈ nature. charges or credits Telating to prior periods or any change in Ihe basis of accounting. {dl Any expenditure included in the financial statctncnl% (where reLeipis ()r vnuchers were nol aV￿lable) ￿'as properly made in conneciion with the carrying on of the Lharity's business. unless specifically notified to you as being of a privaie nature. 4. Debtors Balances included in the fjnancial star¢ments are all valid debtors or prepa)rynents. Current Assets In our opinion, current assets are expected to reali5e in the ordinary course of busine55 at least the amounts at which they are stated in the charity's Balance Sheet. 6. Liabilities All known liabilities of materia] amount at 7 July 2025 are shown in thc financial statcmcnts. We confllm that there are no known actual or possible claims or liiigation. 7. Capitsl Commitments At 7 July 2025 there were no commitments for capital expenditure. 8. Contingen¢ Liabilities No contingcTht liabilitics cxistcd at 7 July 2025. Post BalAnee Sheet Events No events have oCcU￿ed between 7 July 2025 and ihe dale of this leiter which could materially ffect the financial statements. 10. Trdnsactions with Trustees The chariiy has had ai no time during the year any arrangement, transaction or agreement to pr()vide Lredii faciliiies {including loans, quasi-loans or credit transactions) for the trustees nor to guarantcc or provide security for such maiters. 11. Other Related Party Transactions All other related party trai)sactions for the year ended 7 July 2025 are shown in Note 8. 12. Going Concern In ()ur opini()n, the chdriiy will have adequate resources available to finance its obligations during thc coursc of the iwelv¢ tnonths Ir()m the date of Ihi8 letter. 13. Law and Regulations We ¢onfim ihat the company has complied with ail law and regulations relevant to the activities of the charity during the ye￿. On behalf of the trustees I Sofer Trusiee