Charlty r•gi$tr•tlon numb•r 1095850 (engl•nd and WalM) THE ERNEST HECHT CHARITABLE FOUNDATION ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 THE ERNEST HECHT CHARITABLE FOUNDATION LEGAL AND ADMINISTRATIVE INFORMATION Trust••ts Ms B Jungr Mr R Ward Mr B Barkow CBE Charlty registration England and Wales 1095850 Ind•p•nd•nt •xamln•r Glazers 843 Finohley Road London NW118NA THE ERNEST HECHT CHARITABLE FOUNDATION CONTENTS P*¥• Truslee$' report In¢Jependenl examinerfs report Slalement of financial activities Balance sheet ststemenl of cash fiows Notes to the financial stalernents 7-13 THE ERNEST HECHT CHARITABLE FOUNDATION TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2025 The trustees pre¥enl their annual report and financial statements for the year ended 31 December 2025. The accounts have been Prepared in accordance with the accounting poli¢ie$ sel out in note 110 the accounts and comply wlh the charity's governing document, the Charities Act 2011 and Reporting by Charities,. Statement of Recommended Practs"ce applicable to charities preparing their accounts in accordance with the Financial Reporting Standard for Smaller Enknlie5 published in July 2014. Oble¢tlv•s and activiti•s The Charity's objects are lo raise and distribute fund8 for the following purposes., The advancement of education, thè reliel of povety and the asYv8n¢ement of religion with the primary object of providing help to a variety of disadvantsged people in need of support, including the mentslly and physically disabled and the aged, lo help them live a full and satisfying life in the community. The charity carries out these objectives by making grants lo Charities in the sectors of advancement of education. sports, the arts, and toward5 the relief of povety and advancement of religion throughout England and Wales. and there has been no change in these policies during the year. The trustees have paid due regard to guidance issued by Ihg Charity Commission in decidlng what a¢tivilies the charity should undertake. The trustees have continued to support a wide range of charities by awarding grants that benefit the disadv8nlaged and promote the advan￿ment of the arts and education. A¢hi•vements and performan¢• The trustees are confident that their activities as detsiled above in 2025 have 'made a difference" to the vulnerable. young and elderty. Flnan¢l•l r•vl•w The transactions and financial position Of the Charty are as set out in the att8¢hed finaneial statements and reflect the fact that, having distributed ils reserves in full by way of grants, the charrty Is now to be wound up. No reserve$ are now held. The trustees have assessed the major risks lo whlch the charfty Is exposed, and are satisfied that systems are in place lo mitigate exposure to the major risks. 8tructur•i governance and man•g•m•nt The charity was established by a GhaTilablg trust deed dated 18 November 2002. The Iruslees served during the year were.. Ms B Jungr Mr R Ward Mr B Barkow CBE Trustees are appointed in accordance wth the Charity's trust deed, A new trusleo may be appointed by a resolution of the trustees recorded Sn the minutes and signed by a trusl$e. Applications are made to the Charity using an appllcalion forni available on its website. The apPI￿ationS are summarised and circulated to the trust8e$ monthly. The trustee$ meet quarterfy lo agree wh￿Ch grants should be made. THE ERNEST HECHT CHARITABLE FOUNDATION TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Ther8 are rs0 connected charitie$. The trustees, report was approved by the Board of Truslees. Ms B Jungr Truste• Mr R Ward Trust&e Date.. THE ERNEST HECHT CHARITABLE FOUNDATION INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE ERNEST HECHT CHARITABLE FOUNDATION I report to the trustees on my examination of the financial ststements of The Emesl Hecht Charflable Found8tion (the charity) for the year ended 31 December 2025. R•spon•lbllfti•s and basis of r•port As the IrLtslees of the ehanty you are responsible for the preparation of the financial slalements in aGGordan¢e V￿th the requirements of the Charitiès Act 2011. I report in respeGI of my examination gf the charity's financial 51alemenls carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under section 14515llbl of the Charib'es Act 2011. Independent ¢x•mln•rf$ statement Your attention is drawn to the faet that the charity has prepared the financial statements in accordance wilh the relevant version of the Statement of Recommended Practice applicable to chariJes preparing Ihelr financial slalemenls in accordance wth the Financial Reporting Standard applicable In the UK and Republic of Ireland IFRS 1021 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 now been withdrawn. l understand that this has been done in order for the financial statements to provide a true and fair view in 8ccordance with UK Generally Ac¢epletJ A￿OUntr.ng Prartice. I havo completed my examination. I confimi Ihat no matters have come lo my attention in connection with th• examination giving me cause to believe that in any material respect.. accountin9 records were not kept in respect of the charity as required by sectlon 130 of the Charlties Act 2011. the finaneial statements do not ac¢ord with those records,. or the financial statements do not Comply wllh the applicable requirements concerning the form and conlenl of financial slalements sel out in the Charitie$ {A¢counls and Reports) Regulations 2008 other than any requirement that the financial $tstement5 give a true and fair view. which is not a matter consldered as part of an independent examination. I have no conceins and have come across no other matters in ¢gnnection with the examination lo which attention should be drawn in this report in order lo enable a proper understanding of the financial slalemènls to be reached. Olazers 843 Finchley Road London Nwlf 8NA 24 April 2026 THE ERNEST HECHT CHARITABLE FOUNDATION STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2025 Unr•¥trl¢t•d Total d• 2025 2024 Not•s Incom• from: Donations and legacies Investments 3,490 25,257 130,520 Total incom• 28,747 130,520 Charitable acts'vilies 2.344,011 2,266,186 N•t •xp•ndlturn lor th• y•arl Net movement In funds 12,315.2641 12,135,666) Fund ba18nces al 1 January 2025 2,315,264 4,450,930 Fund balances at 31 December 2025 2,315,264 The statement of financial activities in¢lutJes all sains and losses recognised in the year. The statement of finandal actlvkles Includes all galns and losses recognlsed In the year. All I￿ome and expenditure d&rive from continuing aclivilies. THE ERNEST HECHT CHARITABLE FOUNDATION BALANCE SHEET ASAT31 DECEMBER 2025 2025 2024 Notes Current assets Cash at bank and In hanLI 2.316.499 Greditors: amount$ fallin9 due wrthin one year 11 11,230) Not currnnt assets 2.315,289 Credltors: amounts falllng due ¥fter more than one year 12 {5) Net a￿ts 2,315,264 The funds of the charity Unrestricied funds 13 2.315.264 2.315,264 an¢i81 statements were approved by the Irlislees on . %&•X- Ms B Jungr Tru$toe Trustee THE ERNEST HECHT CHARITABLE FOUNDATION STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2025 2025 2024 Notes Cash flows from operating actlvltl•s Cash absorbed by op&ralions 12.341,7561 12,266,156) Inv•stlng actlvltl•s Proceeds on disposal of investments Investment Income recelved 507.837 94,328 25,257 N•t cash g•n•rat•d from Inv•stlng actlvltles 25,257 602,165 N•t Ga•h u•od in financing activities N•t decrease In cash and cash •quivalents 12.316.499) 11,663,991) Cash and cash equivalents at be9lnning of year 2,316,499 3.980.490 Cash and cash •qulval•nts at •nd of y•ar 2,316,499 THE ERNEST HECHT CHARITABLE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Accountlng pollcl•s haylty Informatlon The Ernest Hecht Charitable Foundation is an unincorporated charity, established by a charitable trust dated 18 November 2002, and with a principal address of 843 Finchley Road. London NW118NA. 1.1 B•si• of pr•paratlo The financial statements have been prepared in accordance wlh the charity's goveming document, the Charities Act 2011 and "Accounting and Repgrting by Charities.. Statement of Recommended Practlce applicable to charities prepartng their accounts in a¢coidan¢e with the Financial Reporbng Standard applicable in the UK and Republic of Ireland IFRS 1021" las amended for accounting periods commencing from 1 January 20161. The ch8rity 18 8 Publi¢ Benefit Entity a$ defined by FRS 102. The charity has taken advantage of the provislons In the SORP lor charities applying FFiS 102 Updats Bulletin 1 not to prepare a Stslement of Ca¥h Flews, The financial gtalements have departed from the Cbarrties (Accounts and Reports) Regulations 2008 only lo the extent reqUI￿d lo provide a true and fair view. This departure has involved following the Statement of Recommended Practice for Charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is reterred lo in the Regulations bul which has since been withdrawn. The finanaal slalements are prepared in slerfing, which Is the functlonal currency of the charity. Monetsry amounts in these finanaal statements are rounded to the nearest £. The financial statements have been prepared under the historical c05t convention, Imodified to include the revaluation of freehold properties and lo include investment properties and certain financial instrtrnents al fair valuel. The principal a¢counling policie$ adopted are sèl out below. 1.2 Golng con¢•rn The charity's remaining reserves were distributed in fvll by way of grants during December 2025 and the charity is now lo be wound up. The financSal statements are therefore not prepared on a going concem basis. 1.3 Chorit•bl• funds UnrestriGled funds are avallable for use at the dlscrellon of the trustees in furtherance of their charitable objectives. Rèstricted fijnds are subjèct to speafic conditions by donors or grantors as lo how they may be used. The purposes and uses of the restricted fijnds are set out in the note5 to the financial statements. Endowment funds are subject lo spectfic conditions by donors that the capital musl be maintsined by the charity. 1.4 Income Income is recognised vA)en the charity is legally enlilled lo it after any performance conditions have been met, the 8mounl$ can be measured reliably, and it is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognlsed onGe the Ghority ha¥ been notified of the donation, unless performance eondilions requiro d8f8rral of Ihe amount. Income tsK re¢¢verable in relalitsn to d¢nalitsns received under GiftAid or deeds of covenant is recognistrd 8t the lime of the d¢nall)n. Legacies are recognised on receipt or olhewse if the ch8rily has been notified of an impen¢Jing di8lribullon, the amount is known, and recelpt is expected. If the amount 1$ not known, the legacy Is treate(J as a conllngent asset. THE ERNEST HECHT CHARITABLE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEAIBER 2025 Accountlng pollcl•s (Contlnuod) 1.5 Exp•ndltur• Resour¢es expended are accounted for on an a¢¢ruals basis. 1.6 Cash and cash equlvalents Cash and cash equivalents include cash In hand, deposits hgld at call with banks, other short-lenn liquid Investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are show wrthin borrowings in current liabilities. Bas1¢ Ilnan¢lal as8•ts Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price induding transaction costs and are 5ubsequenly carried 8t amortlsed cost using the effective interest method unless the arrangement constitutes a financing transaction, where the Iransaciion is measufftd al the present value of the future ￿CeIpts di5¢0unted at a market rale of interest. Financial assets classrfie