CHARITY REGISTRATION NUMBER: J090784 THE ZECHARIA CHARJTABLE TRUST Unaudited Financial Statements For the year ended 31 March 2025 COHEN ARNOLD CHARTERED ACCOUNTANTS LONDON NWI I OPU
THE ZECHARIA CHARITABLE TRUST Financi¢il Statements Year ended 31 March 2025 PAGES Trustees, Aiiiiiial Report I to2 Ijidependent exaininer's report to the trustees Statement of Financial Activities Statement of Financial Positio Notes to the Financial Statements 6t012
THE ZEI CHARJA CHARITABLE TRUST Trustees, Annual Report Yelir ended 31 M4Tr1"ch 2025 The trLlStees pi-esent theii- i-epoit and the iiiiaudited fiiiaiicial statements of the cliarity for the yeai- elided 31 Marcli 2025. RL.ference 2nd administrative details The 7ecliaria Charilable Tiust Reuistered charity name Charity registration number Princip21 office 1090784 141 B Upper Clapton Road London E5 9DB The trustees Mr E Englander (Chairnjan) Mr J L Weiss Mr P N Bra]Jder Independent exan]iner Asher Sternlicht FCA CoheJ] Arnold Chartered Accountants New Burlington House 1075 Finchley Road London NWII OPU Structure) govei-nance And management Governing Document The charity is governed by a Trust Deed dated 14 September 2001. Appointment 2nd Recruitment of Trustees Tlie Trustees adniinister the day-to-day affairs of the charity. Every Trustee liolds offjce until helshe sliall die or sl)all cease to liold offjce by virtue of the Tnist Deed. None of tlic trustees liave aiiy beneficial interest in the charity- Where there is a requirement for new I rustees, Ihcse would be identifIed aiid appointed by tlie remaiiiino Ti-uslees. I"hc Cliairmaii of the Trustees would be responsible for tlie induction of any new "frustee, which involves awai-eiiess of a TTustee's i-esponsibil ities, tlie oovern iiio dociir]ienl, adm inistralivc procedui-es: the Iiistory aiid philosophical appJ-O¢ich of the Charity. A iiew Triistec would receive copies of the pi-cvious year's annual report and accounts witli detailed explanation tliereof. Risk Mana(vement Tlie trustees have identified and reviewed the major risks to whicli the Cliarity is exposed, in particular those related to tlie opei-ations aDd fijiaiice of the Charity arjd are satisfied tliat syslei)Is are iii place to IT] itioate those risks. It is i-ecooiiised ihat systeiT]s cali only provide reasoiiable biit not Ic bsolute assuraiice tliat major i-isks l)ave been 41dequately iiianaged.
TF.IE ZECHARIA CHARITABLE TRUST Trustees, Annu491 Report (coJJiiiiiiL'IlJ Ye&ir ended 31 March 2025 Objeclives and activities Tlie Charity is establislied to furtliei- those purposes botli iii the Uii ited Ki112doiii aiid abi-oad i-ecoonised as cliaritable by Engl ish Law. Pui-suant lo ihe objects and Iiaviiig regard to tlie gLI idance of ihe Chai-ity Conimissioii relating to Pliblic Beiiefit, the Truslees made orants to reliLTiOUS, ediicatioi)al and oroanisation foi. the relief of poveity. Groni Making Policy The Trustees are approached for donations by a wide variety of charitable institutioy)s operating in tlie Uiiited Kin¢ydoJJ) and abroad. The Triistees consider all i-equests whicli tliey receive and make donations based on the level of fuiids available. Grants aT)d donations iii tlie year totalled £66,000 (2024: £76,750)- Financial review Income from donations and iiivestments aggregated £54,920. Total resources expeT)ded were £86,318 resulting in net deficit of £31,398. The Charity"s StateiTJent of FiT]ancial Activities shows a net deficit of £31,398 (2024: £26,023 deficit) aiid total reserves of £731,893 (2024: £763,291). The financial results of the Cliarity's activities for ihe year to 31 Marcli 2025 are fully reflected in the attached Financial Statements togeilier with the Notes thereon. Reserves Policy The Reserves Pol icy of the Trustees is to Tnaintain unrestricted fuiids, wliicli aj-e tlie free reserves of the Charity, at a level they coiisider appropriate to tlie Cliarity's iieeds taking into accouiit likely future requirements. P12ns for future periods The Trustees plaT] to continue making disti-ibutioiis in accordaiice witli their grant-making policy aiid to ensure Iliat tlie ability to oenerate siiffJcRent income is Inaintaiiied to achieve tliat end. The ti"ustees' annlial report was approved on £1 ..4LA£y. lo26 and signed on belialf of ihe board of trustees by.. Mr E Englander Trustee
THE ZECHARIA CHARITABLE TRUST Independent Ex4Trminer's Report to the Trustees of The Zech<?ria Ch4iritable Trnst Ye41r ended 31 March 2025 I report to the ti-ustees oji iny exaiiiiT)ation of tlje financial stateineiits of The Zecliaria Chai-ilable Ti'LisI ('Ihe cliarity,) for the year elided 31 Marcli 2025. RESPONSIBILITIES AND BASIS OF REPORT As the trustees of tlie cliarity you are i-esponsible for the preparation of the fiTJancsal stateirjents in accordance witli the requirements of the Charities Act 2011 ('the Act,). I report iii respect of my examination of tlie charity's finaiicial statements carried out under sectioii 145 of tlie 2011 Act and in carryiiig out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. INDEPENDENT EXAMINER'S STATEIVIEf4T I have completed my examination. I confirm that no Inaterial matters have come to my attention in connection with the examination giving me cause to believe that in any material respect- accountin(y records were not kept in respect of the charity as required by section 130 of ihe the financial statemenls do not accoTd witl) those records. or the finar]cial statemeiits do not comply with the applicable requirements concernsng the form and coiitent of accounts set out in tlie Charities (Accounts and Reports) Regulatioiis 2008 otlier thali aiiy requiremeiit that the accouiits give a 'true and fair, view wliich is not a IiiiL ttei. considered as part of an independeiit examination. I have no concei-ns aiid liave come across no otlier matters in connection with the examination to whicl) attentloii should be drawn iii this i-eport in order to enable a proper LinderstaT]diiig of the accoiiiits to be reached. Asher Steriiliclit FCA Independent examiiiei- COHEN ARNOLD Cliartered accountants New Burlinutoii House 1075 Finchley Road LONDON NWI I OPU 2q Dale: 2026
THE ZE4 CHARIA CHARITABLE TRUST Statement of Financial Activities 31 March 2025 2025 Unrestricted funds Total funds Total funds 2024 Note Income and endowments Investmey]t income 54,920 54,920 59,545 Tot21 income 54,920 54,920 59,545 Expenditure Expendittlre on raising funds: Investment management costs Expeiiditure on charitable activities Total expenditure (19,178) (67,140) (86,318) (19,178) {67,140) (86,318) (7,677) (77,891) (85,568) Net gains on investments Net expenditure and net movement ij) funds (31,398) (31,398) (26,023) Reconciliation of funds Total fui)ds brought forward Total funds carried forward 763,291 763,291 731,893 789,3J4 731,893 763,291 Tlie statement of financial activities includes all cTains and losses recognised in the year. All income and expenditiire derive from continuing activities. Tlie notes on p-Iges 6 1(> 12 forin p:Irl of tl)ese fin?ncii1 stitem ents.
THI ZECHARIA CHARITABLE TRUST Statement of Finlincial Position 31 March 2025 2025 2024 Fixed assets Iiivestmerjts 12 755,000 755,000 Current 2ssets Debiors Cash at bank and in hand 13 9,463 9,559 7,988 28,787 19,022 36,775 Creditors: amounts falling due within one year Net current (liabilities) l assets Total assels less eurrent liabilities 14 (42,129) (28,484) (23,107) 731,893 8,291 763,291 Net assets 731,893 763,291 Funds of the charity Unrestricted funds 731,893 763,291 Total charity funds 15 731,893 763,291 These fii)ancial statements were approved by the board of trustees and authorised for issue on 29 JWknF4Èy2oL and are signed on behalf of the board by: MI'EEn Trustee l(Inder The noits 011 paoes 6 10 12 form piri of these fin.g nciRI 5tiiemcnts.
THE ZECHARJA CHARITABLE TRUST Notes to the Financi21 Statements Year ended 31 March 2025 General information Tlie charity is registered charity iii En(yland and Wales and is uniiicorporated. The address of the principal office is 141B Upper Clapton Road, London, E5 9DB. Statemerlt of compliance T]iese financial stateinents have been prepared in conipli¢iiice willi FRS I O? 'Tlie fiiiaiicil¢1 Reportino Standard applic1£ ble in ihe UK aiid tlie Rcpublic of Irelajid,, tlie Stalen)ciil otr- Recommended Practice app l iLable to Lharities prLpl¢ l-ill c) Iliei r ilLcoLiiils in accordince Nviili Ilie Financial Reporting Staiidard applicable in the Uk aiicl Republic ol" IrLland (FRS I U! l (Cliai-i LILS SORP (FRS 102)) and the Cliarities Act 2011. Accountin t> policies Basis of preparation The financial statements have been prepared on the Iiistorical cost basis, as modifjed by the revaluation of certain fiiiancial assets and liabilities ]d investment properties measured at fair value through income or expenditure. The financial stateinents are prepared in sterling, wliich is the functional curr¢FJcy of the entity. Judgements and key sources of eslimation uncertainty In tlje application of the charity's accounting policies, the ti-ustees are required to make judgemeiits, estimates aTyd assiimptions abolit the carrying ainoiints of assets and liabilities that are not readily apparerjt from otlier sources. The esliinc?IL's aiicl associated <lS%IIIT)Ptions are bascd on lii£iofic¢11 experience and other factors tliat are coiibi(ILI'Ld to be relevant. ALILial results may clil-lcr fi-oiii IIIL'.%L estimates. The estimates and underlyin(y assumptions are r¢viewed oil an ongoing basis. Revisions to accounting estimates are recognised iii the period in which the estimate is revised if tl)e revision affects only tliat period, or in ilie period of the revisioii aiid future periods if the revision affects botl) Clirrent and futui'e periods. The valuatioii of investmeni properties is inherently subjective, depending oji many factors, iiicludinu tlie individlial iiature of cach property, its locat joll £iiicI LNpeLlccl fiiliii'e iiel i-Llltal VL11Lies: market yields and coinparable market transactions. Thei-efc)rc IIIL Vlc ILinlioiis I'c siil)jeLt to a dcoi-ee of iincertainty and are Imade on the basis of assumptions which may not prove to be acclirate, particiilarly in periods of difficult market or economic conditions. Income tax Tlie charity is not l iable to direc( taxation on its income or oasns, whether realised or not, as it falls within tlie various exernptioiis liable to registcred cliarities. Accordingly. the charity does Jiot recogiiise aiiy deferi-ed t£1X liability on revaluations of investmenls as iio tax would be due in the event of a disposal as tlie chai-ity would benefit from ihe relevant exemptions, as it will apply all fiiiids for qLialifyin(y cliarltable piirposes.
THE ZECHARJA CHARITABLE TRUST Notes to tl)e FinThncial Stlé temenls (c'épniiiiiiéél) Year ended 31 M1¥ 1.ch 2025 Accounlin(y policies (eoiiiiniieil) Investmenl Properties Investmeiit propeities are properties wliicli are held either to earn rental income or for capital appreciatioii or for botli. Investmeiit properties are recognised initially at cosl. Subsequent to initial recogTJition (i) InvestiT)ent properties whose fair value can be measured reliably wtthout undue cost or effort are held al tair value. Any (yains or losses arisiiig from changes in the fair value are recoLFnised in the incoine Éind expenditure account in tlie period tl)at they arise; and (li) No depirciation is provided in respeci of investment properties applying ih¢ fair value model. Investment property fair valiie is detern)ined by tlie trustees based on professional valuations, their understandin(y of property mai-ket conditions and the specific pi'operties concenied using a sales valuation approach, derived froni recent comparable transactions on the market, adjusted by applying discoiints to reflect status of occiipation and cor)dition. Acquisitions and disposals of properlies Acquisitions and disposals of properties are considered to take place at the legal completion and are included in Il)e financial statenienls accordingly. Trade debtors The tnistees use details of the aoe of irade debtors and the slatus of any disputes togetl)er witji external evldeiice of the credit siatus of the counterparty in inaking judgements concerning any need to impair the carrying values. Fund accountino Geiici',I11111resli-icted I'iinds coinprise tl)e acciimulated sui'pliis or deficit on i iicome aiid CXPL'nclilLII'e aCLOIITII. '"I-IILV are IlVLiilable for use at the discretion ol. Ilie ti'iistcis in furilier11)Le of ilic gciici-al objectives of the cliarity. Restricted funds are fuiids siibject to specific resti-icted conditions imposed by donors. There are no resti-icted fiinds as at tlie Balance Sheet date. Designated funds are funds wh icli liave been set aside at tlie discretioii of tlie trustees for specifjc purposes. Tl)ere are no desigiiated fiinds as at the Balance Sheet date. Incoming resources All iiicom ing resoiirces are iiicluded iii tlie statement of financial activities when eT]litleiT]enl lias PaSSLd to tl)e iliai-ity; it is pt'obable tliat the ecuiii)Inic beiiefi Is associiilLcl Kvitli tl)L transaclloii will floiv t() the c111( rilv ¢iiid the ainolint can be reliably iYLasui-Ld. The fol Ioiviii ij SPLcific policies are applied to particular cateoories of iiicoine= income froin donalior]s or gi-<inls is recogiiised wheji there is evidence of eiititlement to (he jft, receipt is probable aiid its ainolinl cali be measured i-el iably. legacy income is recogn ised Th,l)en i-eceipi is probable and eiitiilemeT]l is established. iiicome froiii donated ooods is Ineasured at tlie fair valLJe of the aoods unless tliis is impractical to IneasLlI-e reliablv: iii wl)icli case the valiie is dei'ived froiii the cost to ilie doi)or oi- ilie estimated resale valLie. Doiialed facilities <iiid seivices are recorjiiised iii the accounls wlieii received if ihe value cali be I'eliably nieasui'ed. No anioiiiits clre iiicliided for tlie coiiiribLltion of aeiiei-<l I volLiiiieei's.
TFIE ZECHARIA CHARITABLE TRUST Notes to the Financial St4ltementS (conliiiii¢il) Year ended 31 March 2025 Accounting policies (¢oJiiiiiiiefl) Incoming resouj'ees (Coiilinuec4 income from contracts for the supply of services is reco(ynised with the delivery of the coiitracled service. This is classified as Linrestricted fiinds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be reoarded as restricled. Resources expended Expenditure is recognised oJ] ali accriials ba515 as a liability is incLirred. Expenditure includes any VA fwhich cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates-. expenditui'e on raisiiig fiinds iiicludes the costs of all fuiidraising activities, events, J]on- Iiaritable tradin (r activities, and the sale of donated goods. expenditure oil charitable activitTres includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefjt of its beneficiaries, includiDg those support costs aTJd costs relatii)g to the governanc¢ of the cliarity apportioned to charitable activities. other expenditiire iiicludes all expenditure tliat is neither related to raising funds for the charity nor part of its expenditure on cliaritable activities. All costs are allocated to expenditure categories reflecting the use of tlie resource. Direct cosls attributable to a single activity al-e allocated directly to tliat activity. Shared costs are apportioned between th¢ activities they coy)Iribute to on a reasonabl¢, justifiable and consistent basis. Gr3nts payable These are oiily recounised iii the accoui)ts when a commitment has been made and there are no Conditions to be met relating to the (Fraiit which remair) in the control of the charity. Financial instruments A finaiicial asset or a finaiicial liability is recognised only wheii tlie entity becomes a party to the contractual provisi0115 of the iiistruiTJent. Basic financial instruillents are inilially recoTrnised at the amount receivable or payable includijig any related transaction casts: uiiless the arraii(yemenl conftitules a fiiiaiicing transaction, where it is recogiiised at the pi-esent value of tlie fiitiire payments discoiinted at a niarket rate of interest for a sim ilar debt instninieiit. Current assets and current liabilities are subsequently measured at the cash oi. oiher consideralion expected to be paid or received and not discounted. Debt instrumeiits are subsequeiitly measured at amortised cost. FiT]aiicial assets tliat are Ineasured at cost oi- ainorlised cost al-e i-evieived for objective evidence of impairinent at tlie end of each reporting dale. If iliei-e is objective evideiice of impaij-ment, an iin pairinent loss is recogiiised linder tlie appropi-iate headiiio jii the statement of financial activities iii whicli the iiiili81 gain was reco1711ised. Aiiy i-evei-sals of impaii'ine31t are i-ecooiiised imined lately, lo tlie extent tliat the reversal does iiot resiilt iii a cai-rvii]o aiiioiint of ilie fiiiic iicial asset tliat exceeds wliat tlie cai-ryiiio amoiiiil WOLild have beeli hild tlie impa iriiieiil Iioi previoiislv beeii i-econnised.
THE ZECHARJA CHARITABLE TRUST Notes to the Financial Statements (coNiiniie¢l) Yeai. ended 31 March 2025 Investment income Unrestricted Tot21 Funds Unrestricted Total Funds Funds 2025 Funds 2024 Income from UK investment properties Interest receivable 54,641 279 54,641 279 58,703 842 58,703 842 54,920 54,920 59,545 59,545 Investment management costs Unrestricted Total Funds Unrestricted Total Funds Funds 2025 Funds 2024 Investment property mana(ye)J)ent costs 19,178 19,178 7,677 7,677 Expenditure on charitable activities by fund type Unrestricted Total Funds Unrestricted Total Funds Funds 2025 Funds 2024 Doiiations Paid Support costs 66,000 1,140 67,140 66,000 1,140 76,750 76,750 3,141 67,140 77,891 77,891 Expenditui"e on charitable aclivities by aclivity type Grant fiindiiig of aclivities Support Total funds Total funds costs 2025 2024 Donations Paid Governance costs 66,000 66,000 1,140 76,750 1,141 77,89 ,140 1,140 66,000 67,140
THE ZECHARIA CHARITABLE TRUST Notes to the Financial St4TrtementS (cohrinite(l) Year ended 31 March 2025 Analysis of grants 2025 2024 Grants to institutions Donations Paid 66,000 76,750 76,750 Total grants 66,000 All donations were made to charities whose objectives are in line witli the objectives of the charity. The composition of donations is shown below. 01am Chessed Yiboneh VHLT Limited 50,000 16,000 66,000 Net income Net income is stated after charging: 2025 2024 Fees payable to the ijjdependent exaiT)iner for- Snd¢pendent examination of the financial statements 1,005 1,005 10. Staff costs No salaries or wages have been paid to employees during the year. No staff were employed by the charity during ihe reporting period I l. Trustee remuneralion 2nd expenses No s(111¢ ries or WiL gyes have betiii paid to employees, includin4J the trustees, during the yL'ar. The chari ty (l lil not ii)Lci aiiy indiv iÉlLial expeiises incuj-red by the trustees for services proviclo(I to the cliarity-
THE ZECHARIA CHARITABLE TRUST Notes to the Financial Stailements (coiiiiniieil) Year ended 31 rch 2025 12. Investments Investment properties Total Valuation At I April 2024 aJid at 31 Marcli 2025 755,000 755,000 CarryTrn(F amollnt At 31 March 2025 755,000 755,000 At 3 1 March 2024 755,000 755,000 The charity's investment properties were valued by the trustees at 31 March 2025 based on th¢ ti-ustees, understanding of property ]narket conditioF]s and the specifjc properties concerned, using a sal¢s valuation approach, derived from recent comparable transactions on the market, adjusted by applying discounts to reflect status of occupation and condition. b. The historical cost of the properties is £1,004 (2024: £1,004)- 13. Debtors 2025 2024 Rents and charoes receivable Other debtors 6,863 2,600 9,463 5,288 2,700 7,988 14. Creditors: amounts falling due withirl one year 2025 2024 Trade creditors Otlier creditors 9,240 32,889 42,129 10,121 18,363 28.484 15. Analysis of charitable funds Unrestricted funds At I April 2024 At31 Mareh 2025 Income Expendilure General fliiids 763.291 54,920 (86,318) 731,893 Atl Api-il A131 Marcl) 2024 Incoine Expend itiire Geiiei-al fLiiids 789.J14 59,545 (85,568) 763,291
THE ZECHARJA CHARITABLE TRUST Notes to the Financial Statements (ct>iiiiJiii¥fl) Year ended 31 March 2025 16. Analysis of net assets between funds Uiirestricted Total Funds Uiirestricted Total Funds Funds 2025 Funds 2024 Investments Current assets Creditors less than one year Net assets 755,000 19,022 {42,129) 731,893 755,000 19,022 (42,129) 731,893 755,000 36,775 (28,484) 763,291 755,000 36,775 (28,484) 763,291 17. Related parties There have been no related party transactions in the reporting period that require disclosure.