REGISTERED COMI PAf+il' NUMBER: 114099989 {EnglaNd and Wales) RLGISTERED CHARITTr' NIIMBF.R: 1084583 Report of the Trn$tees ind FinanciAI stateents for the Ye#r Ended 31 October 2025 for Tzedokoh Ve¢he5ed Lirnited M2rtin+Heller Chartered Acu)untants and Registered Atjditor
Tzedokoh Veehe5ed Limited Contents of the Financial StAtements for the I'eAr Endtd 31 October 202$ Page Report of tht Trustees Report of the Independent Auditor5 Statement of FiTrAntig1 Attivitie5 Balance Sheet 10 Cash Flow. Stgtement Note5 to the C#$h Flow Statement 12 Notes to the Financial Statements li to 18 Detailed Stgt¢meNt of FrnanciAI Activities 19
Tzedokoh Vechesed Limited Report of the Trustees for the I'tar Ended 31 October 2025 The trustees who are also direcrors of the charity for the purposes of ihe Companies A¢¢ 2006. pre5¢nt their report with the finan¢ial %iaiemen15 of the charily for th¢ yeaT ¢nded i l October 2025. The trustees have adopted the provisions of Accounting dnd Reporting by Charities.. Statement of Recommcnded Practice applicable 10 charities ppaTIng their aecounis in accordance wilh the Fin¢141 Reportin¥ Standard applicable in th¢ UK and Republic of Ireland IFRS 1021 leffeclive l January ?0191. 0EcTIvES.4ND ACTIVITIES Objective5 and Aims The charit)"s object and its principal acttvity continue io be ihai of providing ¥tants for the enhancement of education and r¢ligiort a¢)d foT the relief of poverty in the orthodox jewish coinmunity. Its policy continues io be the making of such granis. SignificAnt xtctivities There were no signifi¢ani a¢iivities to Teport. Public benefit The ITU51¢es confim] their compliance with the duty io have regard io ihe Public Benefit guidance published by the Chariiy Commission when revi¢Ming the Charity's aims and objeaives in planning future aciiwities. Grantmiking Tzedokoh Vechesed Limited has within its Articles of Association the ability to make donations. Volunteers During the year. the charity did not have any volunieers io help wilh the objeciive of the charity. ACHIEVEMENTSAND PERFORMANCE Chiritible aetivitie5 The Irusiees Consider thai the peTfortnatLce of tlie charity this )'ear has been satisfactory. Substanii31 funds have been granted to institutions during the period frotn contribuiions received from donors. The Statement of Financial Activities shows a net surplus of £434.520 afttT makin¥ total grants of £703,121 and the reseeS srand ai £14,449,803. Investment p¢rfom#n¢e The trustees are ciirrently satisfied with the investment perfomiance of the assets. The Company has not expanded its aciiviiies during the Current year. but is alway5 looking ar opportuniiies, the current investment property K>rtfoliO 15 producing good results which enhances its charitable acitviiies. Internal aNd external factors The irustees have made a full ass¢ssment of the intemal and e.¥ternal factors thai may affect these finan¢ial statements and do not deetn any factor5 material enough to have an impaci. FIINANCIAL RLI'IEW Principal funding sources Tzedokoh Vechesed Limited is fornjnaie to recejve ¥ood reDtal income thTough its investment w)licy. Overall the charity has experienced a good year and hopes it will continue to do so next year. Investment WTrliey #nd objectiTre5 Under the memorandum and articles of association. Ihe charity the pow'er lo tnake any investment, which the Irusiees gee fil. The Iru5ttes have con5ideTed the niost appropriate policy for investing funds and haw¢ found that investrnent in property mceis their requirements 10 gener21e Lk)Ih Incom¢ and ¢apit31 groMIh. Pag¢ I
Tzedokoh Ve¢hued Limited Report of the Tru5tee5 for the I'car Ended 31 October 2025 FINAf*CIAI. REVIEW. Re5trve$ poli¢y The charity does not maintain a reserv¢ wliLy.as reserves are disiribuled when they becorne available at the tru5tees' discreiion. The present level of funding is adequate 10 support the Continuation of its objects and ihe injsiees eonsider the fjnancial p051tion of the ¢haTity 10 be satisfactory. FIITIIRE PLANS There are no 5ignifi¢ant future developments to rewrt. STRiicfuRE, GOVF.RNANCE AND MANAGEMENT Governing document The charity 15 controlled by its governing document. th¢ memorandum and article5 of a550ciation. and constitutes a limit¢d ctsnipany, Iimiied by guarantee, &$ defined bj the Conipanie5 Act ?006. the ChaFilies Act ?01 l and the Siatemeni of Recoinmendd Practice. 'A¢¢oun¢ing and Reponing by Charities" Issued in MaTch 2005. The companj wa5 fonned on 27 October ?000. I'he charity is managyed and conlrolled by lh¢ diT¢¢IOTS who are ihe trusiees. Ivho meet regularly. Recruitment and appointrnent of new trustee5 The trustees are appoint according to the Articles of Ass(xiaiion. OrgAnis9tion&l structure The Chief Executive of the charity Is Mr M Margalii, io whom day to day managetnent of the charity has been delegated. The Board of Trustee, as per the g0veMng d¢xumeni. can have at up 1013 tnjstees Serving at anyone titne to administer the charity. The entire board meets on a regular basis. at least quarterly. OT tnort if required. The charity is organised 50 that the tNstees tneet regulaTly to manage its affairs. There are no paid employees and all administration work is done on voluntary basis by the injsiees. Induction and training of new tru5tee5 All n¢w truste¢s are given, in the view of ihe k)ard. sufficient training and have enough knowledge of their specific field to understand the natur¢ of the charity and fully Comply wilh ihe chartltes views of its progyression. New trustees under¥0 a briefin¥ 10 ensure ihey a awar¢ of both their legal and professional r¢sponsibiliiie5 under charity and company law. Wider nekn'ork At present Tzedokoh Vechesed Limited does not consideT itself part of a wider network. RelAted parties Full details of the Related Party Transactions during the ycar Cndd 31 October 2020 Can be found in Note 19 of the Financial Statements. Risk rnAnagernent The iwsiees have a duty to identify and review the risks to which the charity is exposed and 10 ertsu appropriate controls aT¢ in place to provide reasonable assurance againsi fraud and error. The trustees have also examined other operational and business risks faced by the charity and confinn that th¢}. have established systems io miligaie the 5ignifica#¢ risks. REFERF,liC.F. AND ADMINISTRATIWE DETAILS Regi$ttr¢d Compgn) number 04099989 (Fngland and Wales) Registered Chirity number 1084583 Pag¢ 2
Tzedokoh Veche5ed Lirnited Report of the Trnstees for the Year End1 31 October 2025 Registered offi¢e 5 North End Road London NWII 7RJ Trustees M Margalii Z Z¢ivald Mrs R E Zeivald Compgny Se¢r¢tOry Mrs R E Zeivald Auditors M2rtin+Heller Chartered Accountanis and Regisiered Auditor STATEMENT OF TRLISTEES, RESPONSIBILITIES The trustees Iivho are also the direciors of T7.e(lokoh Vechesed Limited foT the purposes of cornpany lawl are responsible for preparing the Report of the Trusiees and ihe financial statement% In a¢¢ordan¢e with applicable law and United Kingdom Accoiiniing Standards ILlnited Kingydom Gen¢Tally Accepted Accounlinu Praclicel. Compan), 1aM requires the trustees 10 prepare financial 51aternents for cach financial )'car. Under that law, the Irusl¢¢s have elected to prepare Ihc financial statements In accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdorn Accounting Standards and applicable lawl. Under company law Ihe trustees must not approve the financial staternents unles5 they are satisfied that they give a inje and fair view of the State of affairs of the charitable coinpany and of ihe incoming resources and application of resources, including the income and exp¢llditure. of the charitable company for that period. In preparing those financial statements, the tnjsiees are required to select suitable accounting wlicies and then opply them ¢onsisiently- observe the meihods and princip1¢5 In the Chariiie5 SORP.. make judgements and estima( that are reasonable and pnjdent; prepare the financial stat¢m¢Dt5 on the going concem basis unless it is inappropriate to presume that the charitable Company wbll continue in business. The trustees are responsible for keeping proper accountingy records M'hich disclose ivith reasonable accuracy ai any time the financial position of rlie charitable cornpany and io enable ihem to ensure that the financial statements compl}, with the Companies Act 2006. Tho are also Tesponsible for safeguarding the assets of ihe chariiable company and hence for taking reasonable steps for th¢ preveniiL)n and dete¢iion of fraud and other i¢¥IarItI¢S. In so far &s the trusiees are aware.. there is no relevant audit infomiation of whith the ¢hariiable rompany'5 auditor5 aTe unaware: and the trustees have taken all steps Ihai the), ought to hal'e taken to make themselves aware of any relev8ni audit infomiaiion and to establish that ihe auditors are aware of thai infomiation. AUDITORS The auditors, Martin+Heller, will be proposed foT re-appointment ai the forthcoming Annual General Mi eetin¥. Approv¢d by order of the board of Irusiees on . 3010312026 and signed on its behalf by.. Page 3
Tzedokoh Veche5ed Limited Report of the Trnslees forthe Year Endtd 31 October 2025 M maa]It- Tru5t¢¢ Page 4
Report of th¢ Independent Allditor5 to the Members of Tzedokoh Vechc5td Limited Opinion We hai'e audited the financial statements of Tzedok"oh V¢chesed Litniied Iihe 'charitable company'l for the year ended ) l OctobeT 20?5 which comprise the Statement of Financial Aciivities, the Balance Sheei, the Cash Flow Siaiemeni and notes io rhe fiDan¢ial siaicnients. including a SUTnmary of significani accounting ]letes. The financial r¢rrf)rting framework thai has been applied in their PTepardtion is appli¢able law and United Kingdorn Accounting Standards (Uniied Kiiigdom Generally Accepted Accouniingl Pra¢iicel. In our opinion the financial staiemenis.. give a true and fair view of the slate of the charitable company's affairs as at il October ?025 and of its iD¢oming resources and application ofresource5. including its incom¢ and expendiiure. for the >ear then ended,. have bEen properly prepared In accordance with bnited Kingdom Generally Accepted Accounting Practice: and have been Prepared in accordance with ihe requir¢tnenis of the Companies Aci 20(16. Basi$ for opinion We conducted our audit in accoTdance with InteTnalional Standards on Auditing ILIKI IISAS IUKII and applicable law. Our responsib21ities under those standiirds are fiirther described in the Auditors, reSlI51b]IllIeS for the audit of the fjnancial 51atementS Section of our rcpon. W¢ ar¢ independent of the chariiable company in accordance with the ethical requiremen15 that 3re relevant to our audii of the financial siarements ID ihe LIK. includin¥ the FRC'S Ethical Standard, and ive have fulfilled our oiher ethical responsibilities in accordonce with these requiremcnts. We believe ihai Ilie audit evidence lye have tsbtained is sufficient and appropriate to piovide a basis for our opinion. Conclu$ions relating to going concern In auditing the financial slal¢m¢nis. we have concluded that ihe tTusiees' use of the going concern basis of ac¢ounting in the prepardlion of th¢ financial stateTn¢nts is appropriate. Based on the work we have perfomied. we have not identified any material vncertainties Ttlating to events or condititsns thai. tndividually or collectivel). may cast sigiiificani doubi on the chariiable conipany's abiliiy to continue as a going oncern for a period of al least twelve months from when the financial staietnenis are authori5¢d lor isslle. OUT responsibilities and ihe responsibililies of the trustees with respect to going ¢oncern are d¢s¢ribed in the relevant sections of this report. Other information The trustees are responsible for the other infomiation. The oiher information comprises the inforrnation included in the Annual Repon. other than the financial starements and our Report of the Independent Auditors ihercon. Our opinion on the fthnancial siaonJents doe5 noi Cover Ihe other Infomiation and. except io the extent otherwise expli¢iily siaied in our r¢wrt. we do not express any fomi of assuranc¢ conclu5itsn ihereon. In connection with our aiidit of the fiDartcial statement5. our reswnsibility is to read the other infomiation and, in doing so. consider whether the other infomiation is tnateri211y incon515teni wtih ihc financial statements or our knowledge obvdined in the audit or oihtrwise appears io be materially misstated. If we identify Such maierial inconsisienci¢5 or apparent material misstatements, we are required 10 deiern]ine wheiher ihis give5 Tise io a material misstatetnent in the rjnancial Statements ihemselve5. If, based oil Ihe work we have perfomed, we conclude ihai there is a rnaterial missiaiemeni of this other Infomiation. we are requirtd lo report thai faci. We have noihino to rerK)rt in this regard. Opinion$ on other matters prescribed by the C.ompAnie5 Act 2006 In our opinion. based on Ihe Mork undertak'en in Ihe course of the audit.. the Infomiatioii giv¢D tn the Report ol the Trusiees for the financial year for which the financial siaiemenis are prepared is consisieni with the finantial statemenis.. and the Report of the Trustees has been prepared in a¢eordance with applieable le¥yal requirements. Page 5
ReiN)rt of the Ind¢pendent Auditors to the Memb¢rs of Tzedokoh Ve¢hesed Limited i tters whith we are required to report by exceplion In the lighi of the knowledge and underslandiDg of the charitable company and its environment obtained in the course of the audit. w¢ have not ideniified Jnaterial missLqicmen15 in the Rewrt of the Trusices. We have nothing to report in re5P¢Ct of the following matters where ihe Coinpani¢s A¢1 ?006 requir¢s us io report to you if, in our opinion.. adequate a¢cotsntit]o records have noi been kept or returns adequate for our audit have not been weived frorn branches noi visited by us: or Ihe financial statements #Te noi in agreement with the Kcouniing records and returns., or eftain disclosures of Iru5te¢s' r¢muneraiion 5P¢tified by law arc noi made., or we hae not T¢¢eived all Ihe information and ¢xplanaiions we r¢quire for our audit; or the trustees tTe not eniiiled to take advanta¥Te of the small compaTrie5 exemption from ihe requirement to prepare a Straiegic RetK)rt or in preparin¥ ¢he Rewn of the Trustees. Responsibilities of tru$tees As explained more fully in the Staiemeni of Trustees, Reswnsibiliiies. the Irustees Iwho are a15ts the directors of th¢ charitable company for the purposes of companv lawl are ieskx)nsible for the preparation of the financial staternents and for being sat15fied thai they give a true and fair view. and for Such Iniemal control as ihe Irusiees delemiine is necessary to enable the prcparation of financial 5tatemenis Ihai are fvee t'rom material tnisstaiement. wheih¢r due lo fraiid or error. In preparing the financial statern¢n¢S. the trustee5 are responsible for assessing the charitable company's ability io Continue as a going concem. diselosing, a5 applicable. Inatter5 related lo goin¥ concem and u5in¥ the going concem basi5 of accounting unless the tru5es either intend to liquidare the charitable cotnpany or io cease op¢ratitsns, or have no aliStiC alt¢rnaiive bui to do so. Page 6
Report of the Independent AuditO1¥ to the Members of Tzedokoh Veehesed LI]1¢d Our responsibilities for the audit of the fin*ncial 5tattment5 Our objeLlii'es aTe 10 obtain rea50nablc as5Utance about whether the financial statement5 as a whole are free from material mi5Staternenl. wheiher due io fraud or error. and 10 issue a Report of the Independent Auditors that includes our opinion. ReOnable a5suran¢e is a high level of assurance. bkjt 15 not a giiarantee ihai an audit conducted in a¢cordance wilh ISAS IUKI will always dete¢1 a marerial misstatemenl when it exi51S. Misstatements can arise ftom fraud or error and are considered rnat¢rial if, individuall), or in the aggregal¢. Ihey could reasonablN be expected 10 Influence the economic decisioth% of user5 taken on the bagis of these financial siatemenis. The extent io which our procedures are capable ofdeieciingi irregularitie5. includin8 fraud is detailed below.. Irregularities, including fraud. are instances of non-¢omplianc¢ wilh laws and regulation5. We design Procedures in line with our re5wnsibililie5. outlined above. io detect maierial mis51aiements in respeci of irregulariiies, including fraud. The exieni 10 which our procedures are capable of detecting irrebiularilies. Including fraud is detailed beloiv.. Il'e asse55 compliance with applicable laws and regulations thar could reasonably be expected 10 h3ve a marerial effeci on the financial slatemenis. 'fhe key laws and regulations we have considered In this context Included the ChaTlti¢s SORP IFRS I O?). In addition, Ive have considered provisions of tsther laws and regulaiion5 that do not have a direci eff¢¢i on the financial stalemenis bui compliance with hl£ll may be fundainenial 10 the company's ability to op¢rate or to avoid a material penalty. Th¢ extent to whi¢h our procedures are pable of d¢t¢¢ting irregularities, including fraud detailed beloiv. Based on the resulis of our risk assessment we designed OUT audit procedure% io identify Don-compliance wilh such laws and regulations identified above.we discussed 1th manauerneni Ihe ext¢ni of compliance with those laws and regulations as part of our audit PTocedures. by obtaining an understanding of iniemal control and b}, designing aiidit procedures that aTe iippropriaie and siifficienl. We evaluated the appropriateness of accounting policies used 2nd the reasonableness of accounting esiimaie5 and judgeinenls made by Tnanagemenl. 11 ¢ ioeniifjed and assessed any significant tTansaeiions thai 8re unusual or outside the normal ctsurs¢ of business, &nd we incorwraied iesling of manual journal ¢tttries and corrections into our audit approach. -our audii procedures were designed io identify. and assess risk5 of maierial missL2temenl in the financial statements, whether due to fraud or error. The risk of not detecting a material mi55taiemenl due to fraud is h>gher than ihe risk of not ddeciing onc Tesulting frotn em)r. as fraud may involv¢ ¢ollusioii. forgerv, omissions. Isreprescniations. or rnanagement override of controls. We corninunicatcd idenlitied laws and r¢¥ulations and potential frdud Tisks to all ertgagemenl team member5 dnd remained alert io any indicaiions of fraud or non-ctsmpliance ivith laws We address the risk of fraud through rnanagem¢ni override of controls, regulaiions throughout the audit. The engag¢ment partner considerg the engagement team colle¢tiwely had the appropriate CoMpence and capabilities to identify or Tewgnize non-compliance with laws and regulations. -There are inherent limiiations in th¢ audit procedures described above and ihe furthcT rernoved non-cotnpliance with laws and regulations is frorn the events and transactlOll5 reflected in the financial statements, the less likely we would become aware of it. A150. the risk of noi deiecling a material Inissiaiemenl due to fraud 15 higher than the risk of not detecting one frotn emTrr, a5 f¢aud may involve deliberate concealment by, for exaTnple. forgery or inieniional tnisrepresentaiion, or through ¢ollusion. Our responsibility is to conclude whether the financial siateinenis represcnt th¢ underl)'ing financial position and a¢iiwitie5 of the charity and to cnsure thai the overall ¢ontent and pentatIOn of the financial %taiemenis 8ives a fair view. A furfher descripiion of our r¢sFN)nsibiliti¢s for the audii of th¢ financial s¢atemenls is IaLed on the Firtancial Reporting Council'5 website at wN4w.frc.OTg.ukJallditors responsibilitics. This Oescripiion forn15 paft of our Report of the Independent Auditors. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council'g websit¢ a¢ Ww.frc.org.uaudt0rsTesponSibilitle$. This description fom)s part of our Rewrt of the Independent Auditors. Page 7
Report of the Independent Auditors to the Members of Tz¢dokoh Veche5ed Limited Use of our report Tliis report Is made solely 10 the charitable ¢ompany's meinber5. as a body. in accordante with Chapier 3 of Part 16 of the Cotnpanies Act ti006. Our audit work. ha5 been undenakcn so thai we mi¥hr slate lo the charitable company's Membe those matters we are required to srate to them In an audiiors, T¢POrt and for no other purpose. To ihe fullest ex¢¢nf petinitted by 12w, we do not accept or assumc responsibility to an}'one othcr than the ¢hariiable eompany and the charitabl¢ company's m¢mbers as a body, for OUT audit work. for this r¢]x)rt, or for Ihe opinions w¢ hav¢ fomied. Martin+Heller Chartered.4c¢ountants and Registered Auditor Date.. Page 8
Tzedokoh VeCh¢d Lirnited Statement of FinaTtcial.4cttvities (Incorporating Income ind Expenditure Account) for the Ve#r Ended 31 Oetober 2021 31.10.25 Unresiricled funds 31.10.24 Toial funds Note5 INCOME AND ENDOWMENTS FROM Donations and legacies 90.000 Invesimtni income Other in¢ome 1 ?94.655 3,478 1.305.56) j2?.9?1 Totsl 1,388.133 1,628,483 EXPENDITURE ON Rgising funds Investment managemeDi costs ?42,965 316.098 142.965 316.098 Ch#ritsble 9Ctivities Charitable a¢iiwilies 703,121 500.274 Oiher 7.527 6.072 Totsl 953,613 822,444 Net gains on investrnents 3?.749 NET INCOME 434.520 838.788 RECONCILIATION OF FIINDS Total tunds broughi forward 14.015,283 li.176.495 TOTAL FIINDS CARRIED FORWARD 14.449,803 14.015.283 The notes forn) part of these financial stattments Pa¥e 9
Tzedokoh Vechesed Limited Balance Sheet 31 October 21125 31.10.?5 Unresirieted fund5 iI.10.24 Total funds Notes FIXEDASSETS Investmenr property 12 1 ?,500,000 12,790,(K>O CURRENT ASSETS Debtors Ch at bank 216.089 2,10S,777 376,414 1.269.777 2,321,866 1,646,191 CREDITORS Amounts falling due within one year 14 1372,0631 1420,9081 NET CURRENT ASSETS 1,949.803 1 ?25 ?83 TOTAL ASSETS LESS CI,'RRENT LIABILITIES 14,449.80. 14,015.283 NET ASSETS 14,449,803 14.015 )83 FIINDS Unrestricied fijnds 14,449,803 14.015,283 TOTAL FUNDS 14,449,803 14.015 983 These flnancial statements have been prepared in accordance ivith the provision5 applicable to charitable companies subject 10 ihe small cornpanies regime. The financial statements were approved by thc Board tsf Trusi¢¢s and authorised for issue ..30.March.2026...... and were signed on its behalf by.. on M.Margalit M 14¥tIll- Trustee The notes forFn part ofthese financial statements Pase 10
Tzedokoh Vechesed Limited Cash Flow StaterNent for tht Year Ended 31 October 202$ iI.10.25 -31.10.24 Cash llows from operating aclivtties Cash generated froni operations InteTest paid 517,787 767.418 7,840 Net cash provided by OP¢Taling activilies 517.787 775,258 Cash flows from iNve5ttng ?ctivitie5 Sale of investmeni property Inieresi received 290,000 28.?1 j 882.749 ?4.301 Net cash provided by investing Activities 318,213 907,050 Cash flows from financing activitkes Loan repayments in year I l.iJ5,5831 cash provided byllu5ed inl financing activities 11,335,583) Ch*nge in cgsh And cash equivalent5 111 the reporting period Ca$h and cash equi>Alents at the beginning of the reporting period 8i6.OINI 346.725 1969.777 9)3,052 CA$h tash equivAlents Ht the end of the reporting period 2.105,777 1,269.777 The notes fom part of these financial statements Pagell
Tzedokoh Veehesed Limited otes to the C#$h Flow St*temÈnt for the Vvdr Ended 31 October 2025 RECONCILIATIOY OF NET INCOME TO NET CASH FLOW FROM OPEIL4TING ACTIVITIES 31.10.25 31.10.24 Net incoThe for tht reporting period14s per the Stgtemtnt of Fin¥n¢iAI ActivitÉesl Adjustments for- Losses on investmeiits Inl¢re5t re¢¢iv¢d Interest paid Decrease,lincreasel in debtors IDecreasellincTease in creditor5 434.520 838,788 13? 7491 124,-3011 17.8401 1?7.0471 ?0.567 128,213) 160,i25 {48,8451 Net Cgsh provided by operdtions 517.787 767,418 ANALYSIS OF CHANGES IN P¥ET FVIYDS Ai 1111124 Cash flow At31110125 Net ¢gsh Cash at bank 1,269.777 836.000 2,105,777 1 ?69,777 8J6.000 2,105.777 Total 1.269.777 836.IX)O 2.105,777 The notes fomi part of these financial statements Page 12
Tzedokoh Vechtsed Limited Notes to the Fininciil Statements for the YeAr Ended 31 October 2025 ACCOUNTING POLICIES Basis of preparing the financial statements The financial siaiejncnis of the charitablc company. which ts a public benefit eniiiy under FRS 102, have been prepared In accordance with th¢ Chariti¢s SORP IFRS 1021 '.4ccounling and Reporting b) Charities." Siaiement of Rewmmended Prarlicc applicable to charities preparing iheir accounts in accordance M'iih the Financial Reporting Standard applicablc in the UK and Republic of Ir¢land IFRS 1021 leffeclive l January ?0191'. Financial Reporting Standard 102 'The Financial R¢portin& Standard applicable the UK and Republtc of Ireland, and the Companies Act ?006. Tht financial statements have been prepared under the hisiori¢al cost convention, &s tnodified by the revaluarion of certain assets. Intome All irt¢ome Is re¢o¥nised in the Staleiiient of Financial Activities once thc charity has eniiil¢m¢nt 10 the fund5, It is probable thai rhe income will be re¢eived and the amount ran be ni¢asured reliably. Expenditure Liabilili¢s are r¢¢ognised as ¢.¥penditure as as there is a legal or constructive obligation comTnitting the charity to that expenditure, li is probable ih&i a iransler ot. ¢tontsmiL b¢nefi15 will be required settlement and the amount of the obligation can be rneasured reliabls,. Expenditure is accounted for on att accruals basis and has been classified under headings that aggregat¢ all Cosi related to the category. Il'here costs cannot be directly attributed to particular headings they have been allocated io aciiviti¢s on a basis Consistent with the use of resources. Granis offered subjea to Condiliorts which hav¢ not been mtt at the year end date are noted as a eomrnitment but not accrued a5 expenditure. IDV¢Stm¢nt property Investment properry is shoi%n al most recent valuation. An! aggregate Surplus or deficit arising from changes in fair value is recognised in the Statem¢ni of Financial A¢tiviti¢s. T2xation The charity is exempt from corporation i&x on its tharitable activities. Fund Accounting Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the tIW5tees. RestTl¢ted funds can only be used for particular restricted purposes wiihtn the objects of the ¢haTity. Restrictions arise when specified by the donor or when fllnds 2re ratsed for particular r¢siTICl¢d purposes. Further explanation of the nature and purpose of each fund is included in the note5 to the financial statements. DONATIONS AN'D LEGACIES 31.10.25 31.10.24 Donations 90.000 P2ge 13 continued...
Tzedokoh Vechesed Limited Notts to the FtngntlAI Stattment$- rontinued for the Year Ertd 31 October 2025 INVESTMENT INCOME 31.10.25 31.10.24 Rents and insurance received Deposii account interest Other interest Teceivable 1.266,442 14,075 14.li8 ,281.261 1,238 23,063 1,294,655 1..I05.562 INVESTMENT MANAGEMENTCOSTS 31.10.25 31.10,24 gtaff costs Insurance LeLyal and Professional fees Maintenance and other LLJlting and management fe¢5 Interest payable and similar char8es 16.800 110.248 36.041 113.j4? 47,507 17,8401 1.5,705 99,194 316,098 CHARITABLE ACTIVITIES COSTS Grant funding of (see nolc 61 Charitable a¢tiviiies 703,1?1 GRANTS PATr'ABLE 31.10.25 31.10.24 Charithble activities 703.121 500,274 Donations paid insiiiutions during the y¢ar amounted to £56i,949. Aud Hatzdokoh TTU5t Bels Lhinuch Lebonos Girls School Bei5 Hamedr&sh Canvey Bible kollel Canvey Bright start Canvey Kehilla Ltd-m Friends ofyeshiva Luzern Hatzola Canvey Ltd Kehal Chasidim Bobow Kerem Shlorno Trust kupas Rashbi Ltd LECHEMI SHLOMO Lubawitch Mifal Cachesed Vhaizdoko MIFAL TZEDOKO V'CHESED LIMITED One h¢art 14.234 18.000 ?3,785 19,960 16,900 52,332 li.106 35,000 31,000 10,000 20,000 33.100 18,000 10.000 Page 14 ctsniinued...
Tzedokoh Vethesed Lirnited otes to the FinAneig1 SIAtements- contlnued for tht Year Ended 31 October 2024 GRAh'TS PAY ABLE- continued Side by Side The Egerton Road Trust Toiv Ujlleiiiv Others- less than £10,IKM) 50,1100 39,480 19.610 103.702 Total 563,949 SLIPPORT cosrs Governance ¢ost5 Other resources ¢xpended 7.250 NET INCOMEIIEXPENDITIIREI Net incornellexpenditur¢l is stated after chargingllcredilingl.. 31.10.25 31.10.24 AuditQT5' remuneration 5,800 TRLISTEES, REMIINEIL4TION APID BEP4'EFITS There were no Irusiees, remuneraiion or other benefits foT the year ended il OCtoT ?0?5 nor for the year ended 31 O¢iober 2024. Tru5tee5' expenses There were no 31 October 2024. tru51¢e5' expenses paid for the year ended 31 Oaober )025 nor foT the year ended io. STAFF cosrs The average number of employees during the year were ? l90?3..?1 COMPARATIVES FOR THE STATEMEYT OF FINAYCIAL ACTIVITIES Unrestricted funds INCOME AND ENDOWMENTS FROM Inveslmeni income Other incorne 1,305.56? 32?.921 T(ptal 1.628.48.7 EXPEYDITIIRE ON Raising funds Investment nianagement costs 316.098 316,098 Page 15 ¢ooiioved...
Tzedokoh Ve¢h¢sed Limited Note5 to the Financial Stotem¢nts- tontinued for the Ve&r Ended 31 Oetober 2024 COMPARATIVES FOR THE STATEIMENT OF FINAIYCIAL ACllVI'fiES- continued Unresiri¢¢ed funds Charitable activities Charitable activities 5110,274 other 6.072 Total 822,444 NEt gains on invesimenis 32.749 r*£T INCOME 838.788 RECONCILIATION OF FUNDS Total funds brought forward 13.176.495 TOTAL FUNDSCARRIED FORWARD 14.015,283 12. INVESTMEf+4T PROPERTY FAIR VALIIE At l Novernber 2024 DI$sa]S 12,790,000 1290.0001 Ai 31 Oaober 2025 12,500,000 NET BOOK VALUE At 31 October 2025 12.500.000 At i l (ktober 2024 12,790.000 13. DEBTORS: Amoiiwfs FALLING DliE WITHIN ONE Tr'EAR 31.10.25 31.10.24 Rent debttsr5 Other debtors Noblestar Esiaies Limiied Sundry debtors Prepaymcnts and a¢¢Tued incom¢ 48,272 39,217 125.000 3.600 69,822 35.135 250,000 21,457 216.089 .?76,414 Phge 16 continued..
Tzedokoh Veehesed Limited Notes to the FiNan¢i81 St#tements- contÉNued for the l'ear Fnded 31 October 2025 14. CREDITORS: AMOUiYTS FALLIP4G DIIE WITHIN ONE YEAR 31.10.25 iI.10.24 Trade creditors VAT Other credito Rents in odvance A¢¢nJed expenses 15.988 163.308 17i.018 7.250 13,786 204.712 173,018 14.500 -37?.063 420.908 15. MOVEMENT IN FLNDS Net movement in funds Ai 31110125 IINre51ritted funds General fund 14,015.183 434,520 14,449,803 TOTAL FUNDS 14.015,283 4.14.5?0 14.449.803 Net movement in funds, included in the alN)ve are as follows.. Incoming resources Resource5 expended Movement in funds Unre5trt¢ted funds Generdl fund 1.388.133 1953.6131 434,520 TOTAL FUNDS 1.388,1 i) 1953.6131 434.520 COmrativeS for movement in funds Net moveinent in funds At 11111•3 31110124 [Inre5tri¢ted funds General fund 13.176,495 838.788 14,015,283 TOTAL FUNDS li,1 76.495 8J8.788 14.015,28.3 Page 17 Continued...
Tzedokoh Wechesed Limited Notes to the Finxncigl St9tements- continued for the Year Ended 31 Odtsber 2025 MOVEMENT IN FiiNDS- continued Compardiive net moveTn¢nt in funds, Included in the above are as follows.. InroJDin¥ resources Resources expended Gains and losses Movenient in funds Ilnre5tri¢ted funds General fund 1,6?8.481 182?,4441 32,749 838,788 TOTAL FIINDS 1,628,483 18??.4441 32.749 838.788 A current year 12 months and Prior year l? months ¢ombined w>sition is as follows.. Net movement in fund5 At 31110125 Unrestricted fund$ General fund 13.170,495 1,273.308 14,449,803 TOTAL FIINDS 13,176,495 1.27i.308 14.449,803 A ¢urrenl year 12 months and piior year 12 months combined net tnovement in funds. included in the above are as follows= Incoming resources Resources expended Gains and losses Movement in funds L'nrestrieted funds General tund 3,016,616 11,776,057) i2.749 1.273,308 TOTAL FUNDS i,016.616 11.776,0571 32.749 1,273,308 RELATED PARTI, DISCLOSURES As al 31 October 2025, the charity w&1 owed £125.000 from Noble5tar E51ates Litnii¢d 12024.. £250.0001. Interest is payable ai the rate of SO/0 per annum. One of the Irusiees is a dirttior of Noblestar Estates Limilcd. DuTIDg ihe year the Charity received dortalions of £90.000 from Noblestar Esiates Ltd. Page Ig
Tzedokoh Vechtsed Limited Dei#iled St*¢eThen¢ of Finantial Adlvittes for the l'ear Ended 31 October 202$ 31.10.25 31.10.?4 INCOME AND ENDOWIMENTS Donations gnd legaties Donations 90,(KX) Inie51ment income Rents and insurance received Dewsii account intcrcst Other interest receivable 1,266.442 14,075 14.138 1,281.261 23.063 1,294,655 1.305,562 Other income R¢alised gain on investment5 i,478 322,9?1 Total incoming resources 1.388,133 1.6?8,483 EXPENDITURE Investment management costs Wages Insurance Leg21 and Professional fees Maintenance and other L¢lling and mallagement fees Bank loan interest 16.800 110.?48 36,041 15,705 99.194 47.507 17.8401 242.965 316,098 Charit8ble activitie5 Charitable aciiviiies 703,121 500,274 Other Bank Charges 277 272 Support costs Governance costs Aydiiors, remun¢rniion 7.?50 5,800 Totsl resources expended 95i,613 82? 444 Net income 434,$20 806,039 This page does ntsi form pan of lh¢ siaiutory financial siaiements Page 19