REGISTERED COMI PAf+il' NUMBER: 114099989 {EnglaNd and Wales)
RLGISTERED CHARITTr' NIIMBF.R: 1084583
Report of the Trn$tees ind
FinanciAI state￿ents 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 p￿paTIng their
aecounis in accordance wilh the Fin￿¢141 Reportin¥ Standard applicable in th¢ UK and Republic of Ireland IFRS 1021
leffeclive l January ?0191.
0￿EcTIvES.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
rese￿eS 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 g0veM￿ng 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 End￿1 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 ma￿a]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, reS￿lI51b]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 ha￿e 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 tru5*es 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. Re￿Onable 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
CoMp￿ence 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 p￿entatIOn 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 I￿aLed 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.u￿aud￿t0rsTesponSibilitle$. 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
C￿h 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.
A￿ud 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 OCto￿T ?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
COm￿rativeS 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