Charity number: 1090985
OSTRO FAYRE SHARE FOUNDATION
TRUSTEES. REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

OSTRO FAYRE SHARE FOUNDATION
CONTENTS
Page
Reference and Administrative Details of the Charity, its Trustees and Advisers
Trustees. Report
Independent Examinerfs Report
Statement of Financial Activities
Balance Sheet
Notes to the Financial Statements
9-17

OSTRO FAYRE SHARE FOUNDATION
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 DECEMBER 2024
Trustees
M S Ostro OBE
K Ostro
L Simon
H Maher
Charity registered number
1090985
Principal office
The Sevens
77 Charlotte Street
London
W1T4PW
Accountants
Sopher + Co LLP
Chartered Accountants
5 Elstree Gate
Elstree Way
Borehamwood
Hertfordshire
WD6 1JD
Page 1

OSTRO FAYRE SHARE FOUNDATION
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
The Trustees present their annual report together with the financial statements of the Ostro Fayre Share
Foundation for the year 1 January 2024 to 31 December 2024.
Objectives and activities
a. Policies and objectives
The charitys objectives are to make funds available for donation to worthy causes and to develop and deliver
effective and impactful charitable initiatives. This is done by seeking income from investments and donations.
In setting objectives and planning for activities, the Trustees have given due consideration to general guidance
published by the Charity Commission relating to public benefit, including the guidance 'Public benefit.. running a
charity (PB2)'.
Achievements and perforniance
a. Review of activities
The Truslees consider the financial position of the charity to be satisfactory. During the year, the charity received
£710,648 from donations, investments, other income and govemment grants and spent £707,259 on various
specific projects and charitable donations. Reserves at the end of the year amounted to £996.710.
b. Fundraising activities and Income generation
It is the policy of the charity to maintain unreslricted funds at a level which the Trustees consider sufficient to
support existing programmes and commitments.
c. Investment policy and performance
The Charivs principal funding is from investments and charttable donations and its investment portfolio is
structured to yield annual income and capiL91 gains.
Financial review
a. Golng concern
After making appropriate enquiries. the Trustees have a reasonable expectation that the Charity has adequate
resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt
the going concern basis in preparing the financial statements.
b. Reserves policy
The Trustees consider the assets of the charity sufficient lo meet its future obligalions.
Page 2

OSTRO FAYRE SHARE FOUNDATION
TRUSTEES, REPORT {CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Structure, governance and management
Constitution
Ostro Fayre Share Foundation is a registered charity, number 1090985, and is constituted under a Trust deed
executed on 16 October 2000. It commenced its activities in July 2002.
The Ostro Fayre Share Foundation is a charitable foundation promoting philanthropy, collaboration, interfaith
relations and conflict resolution. There have been no changes in the objectives since the last annual report.
b. Methods of appointment or election of Trustees
The management of the Charity is the responsibility of the Trustees who are elected and co-opted under the
terms of the Trust deed. Appointment of Trustees is govemed by the declaration of Trust of the charity. The
Board of Trustees is authorised to appoint by resolution new Trustees. whether by way of replacement or
addition, but so that the totsl number of Trustees shall at no time ex￿ed five. Training needs are assessed
according to each Trustee's needs. The Trustees are officers of the organisation and are responsible for the day
to day activities of the charity-
c. Organisational structure and decision4naking policies
The charity is organised so that the Trustees meet to manage the charitys affairs.
The Trust Deed authorises the Trustees to make and hold investrnents using the funds of the charity at their
discretion.
d. Flnanclal rlsk management
The Truslees have assessed the major risks to which the Charity is exposed, in particular those related to the
operations and finances of the Charity, and are satisfied that systems and procedures are in place to mitigate
exposure to the major risks.
Plans for future periods
The Charity intends to continue making funds available for donation to worthy causes and to develop and deliver
effective and impactful charitable initiatives. With this in mind. the Trustees are managing the investment
portfolio to maximise retums on the funds invested until those funds are required for their charitable use.
Page 3

OSTRO FAYRE SHARE FOUNDATION
TRUSTEES, REPORT {CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Statement of Trustees, responsibilities
The Trustees are responsible for preparing the Trustees, Report and the financial statements in accordance with
applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting
Practice).
The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for
each financial which give a true and fair view of the state of affairs of the Charity and of its incoming resources
and application of resources, including its income and expenditure, for that period. In preparing these financial
statements, the Trustees are required to:
select suitsble accounting policies and then apply them consistently.
observe the methods and principles of the Charities SORP (FRS 102)"
make judgments and accounting estimates that are reasonable and prudent"
state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material
departures disclosed and explained in the financial statements.
prepare the financial statements on the going concem basis unless it is inappropriate to presume that the
Charity will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain
the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Charity
and enable them to ensure that the financial statements comply wilh the Charities Acl 2011, the Charity
(Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. They are also responsible for
safeguarding the assets of the Charity and hen￿ for taking reasonable steps for the prevention and detection of
fraud and other irregularities.
Approved by order of the members of the board of Trustees on 27 October 2025 and signed on their behalf by..
9rftt¥4/zc6D5
M S Ostro OBE
(Trustee)
Page 4

OSTRO FAYRE SHARE FOUNDATION
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
Independent Examinerfs Report to the Trustees of Ostro Fayre Share Foundation {'the Charity.)
I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 31
December 2024.
Responsibilities and Basis of Report
As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the
requirements of the Charities Act 2011 ('the 2011 ACV).
I report in respect of my examination of the Charitys accounts carried out under section 145 of the 2011 Act and
in carrying out my examination I have followed the applicable Directions given by the Charity Commission under
section 145{5>(b) of the 2011 Act.
Independent Examinerfs Statement
Since the Charitvs gross income exceeded £250,000 your examiner must be a member of a body listed in
section 145 of the 2011 Act. I confirm that l am qualified to undertake the examination because l am a member
of Association of Charte￿d Certified Accountants. which is one of the listed bodies.
Your attention is drawn to the fact that the Charity has prepared the accounts in accordance with Accounting and
Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in
preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April
2005 which is referred to in the extant regulations but has been withdrawn.
l understand that this has been done in order for the accounts to provide a true and fair view in accordance with
the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
I have completed my examination. I confimi that no matters have come to my attention in connection with the
examination giving me cause to believe that in any material respect-
accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act., or
the accounts do not accord with those records,. or
the accounts do not comply with the applicable requirements conceming the form and content of
accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement
that the accounts give a 'true and fairf wew which is not a matter considered as part of an independent
examination.
I have no concerns and have come across no other matters in connection with the examination to which
attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Page 5

OSTRO FAYRE SHARE FOUNDATION
INDEPENDENT EXAMINER'S REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
This report is made solely to the Charitvs Trustees, as a body, in accordance with Part 4 of the Charities
(Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Charitls
Trustees those matters l am required to state to them in an Independent Examinerfs Report and for no other
purpose. To the fullest extent permitted by law, I do not aC￿pt or assume responsibility to anyone other than the
Charity and the Charitvs Trustees as a body, for my work or for this report.
Signed:
Dated: 27 October 2025
Sean Brennan FCCA
Sopher + Co LLP
Chartered Accountants
5 Elstree Gate
Elstree Way
Borehamwood
Hertfordshire
WD6 1JD
Page 6

OSTRO FAYRE SHARE FOUNDATION
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2024
Unrestricted
funds
2024
Restricted
funds
2024
Total
funds
2024
Total
funds
2023
Note
Income from:
Donations and legacies
Investments
Other income
301,850
40,930
153,518
214.350
516,200
40,930
153,518
774,500
32.656
18,750
Total Income
496.298
214,350
710,648
825,906
Expenditure on:
Charitable activities
492,909
214,350
707,259
903,351
Total expenditure
492,909
214,350
707,259
903,351
Net gainsl{losses) on investments
63,883
63,883
(76,825)
Net movement In funds
67,272
67,272
(154,270)
Reconciliation of funds:
Total funds brought forward
Net movement in funds
929,438
67,272
929,438
67,272
1,083,708
(154,270)
Total funds carried forward
996,710
996,710
929,438
The Statement of Financial Activities includes all gains and losses reo)gnised in the year.
The notes on pages 9 to 17 form part of these financial statements.
Page 7

OSTRO FAYRE SHARE FOUNDATION
BALANCE SHEET
AS AT 31 DECEMBER 2024
2024
2023
Note
Fixed assets
Investments
1,052,396
870,817
1,052,396
870,817
Current assets
Debtors
12
7,830
97,213
168,185
161,433
Cash at bank and in hand
105,043
329.618
Current liabilities
Creditors- amounts falling due within one
year
13
(160,728)
(270.997)
Net current (liabilities) l assets
(55,685)
58,621
Total net assets
996,711
929,438
Charity funds
Restricted funds
Unrestricted funds
996.711
929,438
Total funds
996.711
929,438
The financial statements were approved and authorised for issue by the Trustees on 27 October 2025 and
signed on their behalf by-
q(t%U/ZC6 05tm
S Ostro OBE
Trustee
The notes on pages 9 to 17 fom part of these financial statements.
Page 8

OSTRO FAYRE SHARE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
General information
Ostro Fayre Share Foundation is a registered charity. number 1090985. and with its registered office
address at 77-79 Charlotte Street, London, W1T 4PW.
Accounting policies
2.1 Basis of preparation of financial statements
The financial statements have been prepared in accordance with the Charities SORP (FRS 102)
Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities
preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK
and Republic of Ireland (FRS 1021 (effective 1 January 2019), the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
The financial ststements have been prepared to give a 'true and fair, view and have departed from
the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true
and fair, view. This departure has involved following the Charities SORP (FRS 102) published in
October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended
Practice effective from 1 April 2005 which has since been withdrawn.
Ostro Fayre Share Foundation meets the definttion of a public benefit entity under FRS 102. Assets
and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in
the relevant accounting policy.
2.2 Going concem
After making appropriate enquiries. the Trustees have a reasonable expectation that the Charity has
adequate resources to continue in operational existence for the foreseeable future. For this reason,
they continue to adopt the going concem basis in preparing the financial statements.
2.3 Income
All income is recognised once the Charity has entitlement to the income, it is probable that the
income will be received and the amount of income receivable can be measured reliably.
Grants are included in the Statement of Financial Activities on a receivable basis. The balance of
income received for specific purposes but not expended during the period is shown in the relevant
funds on the Balance Sheet. Where income is received in advance of entitlement of receipt, its
recognition is deferred and included in creditors as deferred income. Where entitlement occurs
before income is received, the income is accrued.
Income tax recoverable in relation to investment income is recognised at the time the investment
income is re￿1Vable.
Other income is recognised in the period in which it is re￿1vable and to the extent the goods have
been provided or on completion of the service.
Page 9

OSTRO FAYRE SHARE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Accounting policies (continued)
2.4 Expenditure
Expenditure is recognised On￿ there is a legal or constructive obligation to transfer economic benefit
to a third party. it is probable that a transfer of economic benefits will be required in settlement and
the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs
of each activity are made up of the totsl of direct costs and shared costs, including support costs
involved in undertaking each activity- Direct costs attributable to a single activity are allocated directly
to that activity. Shared costs which contribute to more than one activity and support costs which are
not attributable to a single activity are apportioned between those activities on a basis consistent with
the use of resources. Central staff costs are allocated on the basis of time spent. and depreciation
charges allocated on the portion of the asset's use.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the
Charity's objectives, as well as any associated support costs.
Grants payable are charged in the year when the offer is made except in those cases where the offer
is conditional. such grants being recognised as expenditure when the conditions attaching are
fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a
commitment, but not accrued as expenditure.
All expenditure is inclusive of irrecoverable VAT.
2.5 Government grants
Govemment grants relating to tangible fixed assets are treated as deferred income and released to
the Ststement of Financial Activities upon the completion of the relevant performance-related
conditions. Other grants that are not subject to performance-related conditions are credited to the
Statement of Financial Activities as the grant proceeds are received. Grants received prior to the
revenue recognition criteria being satisfied are ￿CogniSed as a liability.
2.6 Tangible fixed assets and depreciation
Tangible fixed assets costing £500 or more are capitalised and recognised when future economic
benefits are probable and the cA)st or value of the asset can be measured reliably.
Tangible fixed assets are initially recognised at cost. After recognition. under the cost model. tangible
fixed assets are measured at cost less accumulated depreciation and any accumulated impaimient
losses. All costs incurred to bring a tangible fixed asset into its intended working condilion should be
included in the measurement of cost.
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value
over their estimated useful lives, as below.
Depreciation is provided on the following basis-
Plant and machinery
25 % straight line basis
Page 10

OSTRO FAYRE SHARE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Accounting policies (continued)
2.7 Investments
Fixed asset investments are a form of financial instrument and are initially recognised at their
transaction cost and subsequently measured at fair value at the Balan￿ Sheet date, unless the value
cannot be measured reliably in which case it is measured at cost less impainnent. Investment gains
and losses, whether realised or unrealised. are combined and presented as 'Gainsl(Losses) on
investments, in the Ststement of Financial Activities.
2.8 Financial instruments
The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial
instruments. Basic financial instwments are initially recognised at transaction value and subsequently
measured at their settlement value with the exception of bank loans which are subsequently
measured at amortised cost using the effective interest method.
2.9 Pensions
The Charity operates a defined contribution pension scheme and the pension charge represents the
amounts payable by the Charity to the fund in respect of the year.
2.10 Fund accounting
General funds are unrestricted funds which are available for use at the discrets.on of the Trustees in
furtherance of the general objectives of the Charity and which have not been designated for olher
purposes.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by
donors or which have been raised by the Charity for particular purposes. The costs of raising and
administering such funds are charged against the specific fund. The aim and use of each restricted
fund is set out in the notes to the financial statements.
Investment income, gains and losses are allocated to the appropriate fund.
Income from donatlons and legacles
Unrestricted Restricted
funds
funds
2024
2024
Total
funds
2024
Total
funds
2023
Donations
301,850
301,850
214,350
325,000
449,500
Grants
214,350
Total 2024
301.850
214.350
516,200
774,500
Total 2023
325.000
449.500
774,500
Page11

OSTRO FAYRE SHARE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Income from donations and legacies (continued)
Restricted funds relates to grants and donations received by the Foundation for specific. ongoing
projects.
Included in Donations is a gift in kind with a value of £240,000 in respect of office space, from a family
Trust. where one of the beneficiaries is also a Trustee of the Ostro Fayre Share Foundation.
Also included in Donations is a gift in kind with a value of £50,000 in respect of provision of staff, from a
Company where the director is also a Trustee of Ostro Fayre Share Foundation.
Investment income
Unrestricted
funds
2024
Total
funds
2024
Total
funds
2023
Income from listed investments
22,434
18,496
22,434
18,496
16.080
16,576
Investment income
Total 2024
40,930
40,930
32,656
Total 2023
32,656
32,656
Other income
Unrestricted
funds
2024
Total
funds
2024
Total
funds
2023
Rental income
153,518
153.518
18,750
Total 2023
18,750
18,750
Page 12

OSTRO FAYRE SHARE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Analysis of expenditure on charitsble activities
Summary by fund type
Unrestricted Restricted
funds
funds
2024
2024
Total
2024
Total
2023
Expenditure on goveman
Medical
10.559
4,360
10,559
4,360
12.745
12,366
Provision of Offi￿ space in The Sevens and
provision of staff
Educational
403,798
8,671
19.894
8.860
403,798
8,671
19,894
8,860
346,258
4,336
45.449
4,276
3.000
449,500
25,421
Religious and inter-faith
Children welfare
Wildlife
Strenghtening Faith Institutions (SFI)
Staff costs
214,350
214,350
36,767
36,767
Total 2024
492,909
214.350
707,259
903,351
Tolal 2023
453.851
449.500
903.351
Provision of Offi￿ space in The Sevens and provision of staff includes £240,000 in repect of office space
and £50,000 in repect of provision of staff.
Page 13

OSTRO FAYRE SHARE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Analysis of expenditure by activities
Grant
funding of
activities
2024
Premises
and other
costs
2024
Total
funds
2024
Total
funds
2023
Expenditure on goveman
Medical
10,559
10,559
4,360
12,745
12,366
4.360
Provision of Offi￿ space in The Sevens and
provision of staff
Educational
290.000
8,671
19,894
8.860
113,798
403,798
8,671
19,894
8,860
346.258
4,336
45,449
4,276
3,000
449,500
25,421
Religious and inter-faith
Children welfare
Wildlife
Strengthening Faith Institutions (SFI)
Staff costs
214.350
214,350
36,767
36,767
546,135
161,124
707,259
903.351
Total 2023
808,927
94,424
903,351
Analysis of support costs
Total
funds
2024
Total
funds
2023
Staff costs
Premises and other costs
Governan￿ costs
36,767
113,798
10,559
25,422
56,257
12,745
161,124
94,424
Page 14

OSTRO FAYRE SHARE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Independent examinerfs remuneration
2024
2023
Fees payable to the Charitys auditor for the audiuindpendent examination
of the Charitvs annual accounts
3,960
3,960
Fees payable to the Charitys independent examiner in respect of.
All other services not included above
5,820
5,820
Staff costs
2024
2023
Wages and salaries
Social security costs
Operating costs of defined benefit pension schemes
35,000
1,767
24.878
185
359
36,767
25,422
The average number of persons employed by the Charity during the year was as follows..
2024
No.
2023
No.
Project activities
No employee received remuneration amounting to more than £60.000 in either year.
10.
Trustees. remuneration and expenses
During the year. no Trustees received any remuneration or other benefits (2023 - £NIL).
During the year ended 31 De￿mber 2024, no Trustee expenses have been incurred (2023 - £NIL).
Page 15

OSTRO FAYRE SHARE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
11.
Fixed asset investments
Other fixed
Listed
asset
investments investments
Total
Cost or valuatlon
At 1 January 2024
Additions
301,379
101.001
569,438
18,496
(1,442)
22,781
870,817
119,497
(1,442)
63,524
Disposals
Revaluations
40.743
At 31 December 2024
443,123
609,273
1,052,396
All the fixed asset investments are held in the UK.
12.
Debtors
2024
2023
other debtors
86
1,634
166,551
Prepayments and accrued income
7,744
7,830
168,185
13.
Creditors: Amounts falling due within one year
2024
2023
Trade creditors
Other taxation and social security
Other creditors
Accruals and deferred income
10,000
1,045
34,946
124,737
19,081
241,916
1fJO,728
270,997
Page 16

OSTRO FAYRE SHARE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
14. Summary of funds
Summary of funds - current year
Balance at
31
Gainsl December
(Losses)
2024
Balance at 1
January
2024
Income Expenditure
General funds
Restricted funds
929.438
496,299
214,350
{492.909)
(214,350)
63,883
996,711
929,438
710.649
(707,259)
63,883
996,711
Summary of funds - prior year
Balan￿ at
31
December
2023
Balan￿ al
1 January
2023
Gainsl
(Losses}
Income Expenditure
General funds
1,083,708
376,406
449,500
{453,851)
{449,500)
(76,825)
929,438
Restricted funds
1.083.708
825,906
{903,351)
(76,825)
929,438
15.
Pension commitments
The Company operates a defined contributions pension scheme. The assets of Ihe scheme are held
separately from those of the Company in an independently administered fund. The pension cost charge
represents contributions payable by the Company to the fund and amounted to £nil (2023 - £359).
16. Controlling party
The Charity is controlled by the Trustees.
Page 17

WORKIRO
SIGNATURE CERTIFICATE
Document
Name
Ostro Fayre Share Foundation - Final Accounts 31.12.2024.pd
Creator
Lisa Murray (lisam@sopherco.com)
28 October 2025 11:34:53 UTC
Date
Identifier
abd5e651-036e4ffO-bc68-7363d69c4d5e
Signers
maurice@ostro.com
E-mail
maurice@ostro.com
28 October 2025 13:07:51 UTC
Signed
IP address
222.252.148.134