**Charity registration number 1099049 (England and Wales)** # **THE MINNER-SCHEIDERMANN CHARITABLE TRUST ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025** ## **THE MINNER-SCHEIDERMANN CHARITABLE TRUST** ## **LEGAL AND ADMINISTRATIVE INFORMATION** **Trustees** Mark Sassoon Mr Joseph Pearlman **Charity number (England and Wales)** 1099049 **Accountants** Pasha & Co. 220 The Vale London NW11 8SR **Bankers** HSBC 40 Temple Forture Parade London NW11 OQ4 ## **THE MINNER-SCHEIDERMANN CHARITABLE TRUST** ## **CONTENTS** ||**Page**| |---|---| |Trustees' report|1 - 2| |Accountants' report|3| |Statement of financial activities|4| |Balance sheet|5| |Notes to the financial statements|6 - 9| ## **THE MINNER-SCHEIDERMANN CHARITABLE TRUST** ## **TRUSTEES' REPORT** ## _**FOR THE YEAR ENDED 31 MARCH 2025**_ The trustees present their annual report and financial statements for the year ended 31 March 2025. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Charities Act 2011, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "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)". ## **Objectives and activities** The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake. The Charitys' objectives are - 3] The relief and care of orphans, the elderly and the infirm. - 4] The preservation and protection of mental and physical health. The charity's distribution policy is to avail the intended beneficiaries of funds according to the objects of the charity as soon as they are in hand. ## **Achievements and performance Financial review** In the period under review, the project made a surplus of £20,251 (2024: surplus £737). It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year. The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks. ## **Plans for future periods** The Charity accepts requests from impoverished individuals and families and on that basis applies to individuals for donations in order to alleviate poverty and payments are made by the Trustees as and when they see fit. ## **Structure, governance and management** The charity is a unincorporated and was established by a charitable trust deed. The trustees who served during the year and up to the date of signature of the financial statements were: Mark Sassoon Mr Joseph Pearlman The Charity's elected trustees are appointed at a Annual General Meeting of the Charity on the basis of Board's specifications concerning eligibility, personal competence, specialist skills, business and community knowledge and local availability. Trustees are legally responsible for the overall management control of the Charity. The day to day management of the charity is delegated by the Trustees to Mr. Mark Sassoon and supported by all other trustees. - 1 - ## **THE MINNER-SCHEIDERMANN CHARITABLE TRUST** ## **TRUSTEES' REPORT (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2025**_ The trustees' report was approved by the Board of Trustees. Mark Sassoon **Trustee** 3 February 2026 - 2 - ## **THE MINNER-SCHEIDERMANN CHARITABLE TRUST** ## **CHARTERED ACCOUNTANTS' REPORT TO THE TRUSTEES ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF THE MINNERSCHEIDERMANN CHARITABLE TRUST FOR THE YEAR ENDED 31 MARCH 2025** In order to assist you to fulfil your duties under the Charities Act 2011, we have prepared for your approval the financial statements of The Minner-Scheidermann Charitable Trust for the year ended 31 March 2025, which comprise the statement of financial activities and the related notes from the charity’s accounting records and from information and explanations you have given us. As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/gb/en/member/standards/rulesand-standards/rulebook.html. Our work has been undertaken solely to prepare for your approval the financial statements of The MinnerScheidermann Charitable Trust and state those matters that we have agreed to state to the charity's trustees, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The MinnerScheidermann Charitable Trust and the charity's trustees as a body, for our work or for this report. It is your duty to ensure that The Minner-Scheidermann Charitable Trust has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and surplus of The Minner-Scheidermann Charitable Trust. You consider that The Minner-Scheidermann Charitable Trust is exempt from the statutory audit requirement for the year, and is not required to obtain an independent examiner's report. ## **Pasha & Co.** Chartered Accountants 220 The Vale London NW11 8SR 3 February 2026 - 3 - ## **THE MINNER-SCHEIDERMANN CHARITABLE TRUST** ## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT** ## _**FOR THE YEAR ENDED 31 MARCH 2025**_ |||**Unrestricted**|**Unrestricted**| |---|---|---|---| |||**funds**|**funds**| |||**2025**|**2024**| ||**Notes**|**£**|**£**| |**Income from:**|||| |Donations and legacies|**3**|39,800|19,942| |**Total income**||39,800|19,942| |**Expenditure on:**|||| |Charitable activities|**4**|20,051|19,205| |**Total expenditure**||20,051|19,205| |**Net income and movement in funds**||19,749|737| |**Reconciliation of funds:**|||| |Fund balances at 1 April 2024||90,095|89,358| |**Fund balances at 31 March 2025**||109,844|90,095| The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. - 4 - ## **THE MINNER-SCHEIDERMANN CHARITABLE TRUST** ## **BALANCE SHEET** ## _**AS AT 31 MARCH 2025**_ |**Notes**
**Fixed assets**
Investment property
**8**
**Current assets**
Debtors
**9**
Cash at bank and in hand
**Creditors: amounts falling due within**
**one year**
**11**
**Net current assets**
**Total assets less current liabilities**
**Creditors: amounts falling due after**
**more than one year**
**12**
**Net assets**
**The funds of the charity**
Unrestricted funds
**13**|**2025**
**£**
45,000
104
45,104
(4,162)|**£**
70,000
40,942
110,942
(1,098)
109,844
109,844
109,844|**2024**
**£**
25,000
228
25,228
(3,362)|**£**
70,000
21,866
91,866
(1,771)
90,095
90,095
90,095| |---|---|---|---|---| The financial statements were approved by the trustees on 3 February 2026 Mark Sassoon **Trustee** - 5 - ## **THE MINNER-SCHEIDERMANN CHARITABLE TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 31 MARCH 2025**_ ## **1 Accounting policies** ## **Charity information** The Minner-Scheidermann Charitable Trust is a legal registered charity (No. 1099049) and constituted by Trust Deed on 13 march 2003. ## **1.1 Basis of preparation** The financial statements have been prepared in accordance with the charity's governing document, the Charities Act 2011, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "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)". The charity is a Public Benefit Entity as defined by FRS 102. The charity has taken advantage of the provisions in the SORP for charities not to prepare a statement of cash flows. The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. ## **1.2 Going concern** At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements. ## **1.3 Charitable funds** Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives. ## **1.4 Income** Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. ## **1.5 Expenditure** Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the Charity to that expenditure, it is probable that settlement will be required and the amount of the obligation can be measured reliably. All expenditure is accounted for on an accruals basis. All expenses including support costs and governance costs are allocated or apportioned to the applicable expenditure headings. ## **1.6 Investment property** Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in profit or loss. - 6 - ## **THE MINNER-SCHEIDERMANN CHARITABLE TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2025**_ ## **1 Accounting policies** ## **(Continued)** ## **1.7 Cash and cash equivalents** Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. ## **2 Critical accounting estimates and judgements** In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. ## **3 Income from donations and legacies** |||**Unrestricted**|**Unrestricted**| |---|---|---|---| |||**funds**|**funds**| |||**2025**|**2024**| |||**£**|**£**| ||Donations and gifts|39,800|19,942| |**4**|**Expenditure on charitable activities**||| ||**Charitable**|**Charitable**| |---|---|---| ||**activities**|**activities**| ||**2025**|**2024**| ||**£**|**£**| |**Direct costs**||| |Charitable payments|18,755|17,888| |Loan interest|36|54| |Bank charges|60|63| |Accountancy|1,200|1,200| ||20,051|19,205| |**Analysis by fund**||| |Unrestricted funds|20,051|19,205| ## **5 Trustees** None of the trustees (or any persons connected with them) received any remuneration during the year, and no expense was occurred by trustees. **6 Employees** - 7 - ## **THE MINNER-SCHEIDERMANN CHARITABLE TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2025**_ ## **6 Employees** ## **(Continued)** There were no employees during the year. ## **7 Taxation** The charity is exempt from taxation on its activities because all its income is applied for charitable purposes. ## **8 Investment property** |**Investment property**|| |---|---| ||**2025**| ||**£**| |**Fair value**|| |At 1 April 2024 and 31 March 2025|70,000| The fair value of the investment property has been arrived at on the basis of a valuation carried out at 31 March 2020 by the trustees. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties. ## **9 Debtors** |**9**
**Debtors**||| |---|---|---| |**Amounts falling due within one year:**
Other debtors
**10**
**Loans and overdrafts**
Bank loans
Payable after one year
**11**
**Creditors: amounts falling due within one year**
Accruals and deferred income
**12**
**Creditors: amounts falling due after more than one year**
**Notes**
Bank loans
**10**|**2025**
**£**
45,000
**2025**
**£**
1,098
1,098
**2025**
**£**
4,162
**2025**
**£**
1,098|**2024**
**£**
25,000| |||**2024**
**£**
1,771| |||1,771| |||**2024**
**£**
3,362| |||**2024**
**£**
1,771| - 8 - ## **THE MINNER-SCHEIDERMANN CHARITABLE TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2025**_ ## **13 Unrestricted funds** The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes. ||**At 1 April**|**Incoming**|**Resources**|**At 31 March**| |---|---|---|---|---| ||**2024**|**resources**|**expended**|**2025**| ||**£**|**£**|**£**|**£**| |General funds|90,095|39,800|(20,051)|109,844| |**Previous year:**|**At 1 April**|**Incoming**|**Resources**|**At 31 March**| ||**2023**|**resources**|**expended**|**2024**| ||**£**|**£**|**£**|**£**| |General funds|89,358|19,942|(19,205)|90,095| ## **14 Related party transactions** There were no disclosable related party transactions during the year (2024 - none). - 9 -