CHARITY REGISTRATION NUMBER: 1102215
The Warshaw Family Charitable Trust
Unaudited Financial Statements
31 December 2024

The Warshaw Family Charitable Trust
Financial Statements
Year ended 31 December 2024
Page
Trustees, annual report
Independent examinerfs report to the trustees
Statement of financial activities
14
Statement of financial position
Notes to the financial statements
8-13

The Warshaw Family Charitable Trust
Trustees. Annual Report
Year ended 31 December 2024
The trustees present their report and the unaudited financial statements of the charity for the year
ended 31 December 2024.
Reference and administrative details
Registered charity name
Charity registration number
The Warshaw Family Charitable Trust
1102215
Principal office
804 Pavilion Apartments
St Jones WOCMJ Road
London
NW8 7HF
The trustees
Mr Michael Warshaw
Mrs Marion Warshaw
Mr Simon Warshaw
Mr Mark Warshaw
Independent examiner
Raymond WaMer5
FCCA
R Walters & Co
Chartered Certified Accountants
Suite A
4 - 6 Canfield Place
London
England
NW6 3BT

The Warshaw Family Charitable Trust
Trustees. Annual Report (continued)
Year ended 31 December 2024
The trustees present their annual report and financial statements for the year ended 31 December
2024.
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 Gharitvs Deed of Trust. the Charities Act 2011
and 'Accounting and Reporting by Charities,. Statement of Recommended Practice applicable to
charities preparing their accounts in accordan￿ wilh the Financial Reporting Standard applicable in
the UK and Republic of Ireland IFRS 102) (effective 1 January 2019)".
Objectives and activities
The objects of the trust are to apply any of its money and assets to advan￿ any charitable purpose.
as defined fnjm b.me to time by the law of England and Wales. as the trustee5 may in their discretion
determine.
In Planning our activities for the year we kept in mind the Charity Commission guidance on public
benefit at our trustees meetings.
The trustees have paid due regard to guidance issued by the Charity Commission In d￿ldIng what
activities the charity should undertake.

The Warshaw Family Charitable Trust
Trustees. Annual Report (continued)
Year ended 31 December 2024
Financial review
The financial results for the year are shown on pages 6 and 7 of the accounts.
It is the policy of the charity that unrestricted funds which have not been designated for a specific use
should be maintsined at a level equivalent to between three and six month's expenditure. The trustees
consider that reserves at this level will ensure thal. 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 Reserve Fund represents the unrestricted fijnds accumulated to date and also represents the free
reserves of the trust.
Tho trustoes have asseased the major risk to which the Gharily is ¥AVUb￿. iri Vclrtiuuldr thobe related
to the operations and finances of the trust. and are satisfied that systems are in place to mitigate the
exposure to major risks.
The trustees will continue to rnake donations to various Gharitable and voluntary organisations of all
stzes in accordano with the Trust objeGtives.
Structure. governance and management
The trust was established by a Deed of Trust declared on 5th January 2004.
The tiustees who have Served during the year and since the year end are set out on page 1. Trustees
are appointed by the board of trustees and hold office subject to the provisions Gontsined in the Deed
of Trust.
Mr Michael Warshaw
Mrs Marion Warshaw
Mr Mark Warshaw
Mr Simon Warshaw
The trustees are responsible for the overall management policy of the fijnd and for the development of
fund raising and appropriab'on of benefits.
The trustees report was approved by the Board of trustees on ........
Mr Michael Warshaw
Trustee

The Warshaw Family Charitable Trust
Independent Examinerfs Report to the Trustees of The Warshaw Family
Charitable Trust
Year ended 31 December 2024
report to the trustees on my examination of the. financial statements of The Warshaw Family
Charitable Trust (Yhe 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 finanGial statements in
accordance with the requirements of the Charities Act 2011 ('the Act.).
I report in respect of my examination of the charivs financial statements carried out under section 145
of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given
by the Charity Commission under section 145{5)(b) of the Act.
Independent examinevs statement
I have completed my examination. I confirm that no material matters have come to my attention in
connection with the examination giving me CAuse trth hp.lipvp that in any material respect:
accounting records were not kept in respect of the charity as required by section 130 of the
Act., or
the financial statements do not accord with those records: or
the financial statements 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 view which is not a
matter considered as part of an independent examination.
I have no concems and have come across no other matters in connection wilh the examination to
which attention should be drawn in this report in order to enable a proper understanding of the
accounts to be reached.
Raymond Walters FCCA (Indp.pp.nrt@nt Examiner)
For and on behalf of
R Walters & Co
Chartered Certified Accountants
Suite A
4- 6 Canfield Place
London
England
NW6 3BT

The Warshaw Family Charitable Trust
Statement of Financial Activities
Year ended 31 December 2024
2024
2023
Total funds Total funds
Income and endowments
Donations and legacies
Investment income
52,500
24,296
70.000
26.775
Total income
76.796
96,775
Expenditure
Expenditure on raising funds-
Costs of raising donations and legacies
Total expenditure
50,757
72.628
50,757
72,628
Net 94qill51(105ses) on Investments
(70,685)
(49.289)
Net movement in funds
(44.646)
(25,142)
Reconciliation of funds
Total funds brought forntard
Total funds carried forward
498,110
523.252
453.464
498.110
The statement of financial activitie5 includes all gains and losses rec(MJnised in the year.
All income and expenditure derive from continuing activities.
The notes on pages 7 to 15 form part of these financial statements.

The Warshaw Family Charitable Trust
Statement of Financial Position
31 December 2024
2024
2023
Note
Fixed assets
Investments
10
432.580
488.542
Current assets
Debtors
Cash at bank and in hand
11
10.000
12,864
10,000
4,976
14
22,864
14.976
Creditors: amounts falling due within one year
Net current assets
12
1.980
5.408
20.884
9.568
Total assets less current liabilities
Net assets
453.464
453,464
498.110
498,110
Funds of the charity
Unrestricted funds
453.464
498.110
Total charity funds
13
453.464
498.110
These fi
ial statements were approved by the board of trustees and authorised for issue on
and are signed on behalf of the board by=
Mr Michael Warshaw
Trustee
The notes on pages 7 to 15 fomi part of these financial sLitements.

io
The Warshaw Family Charitable Trust
Notes to the Financial Statements
Year ended 31 December 2024
General information
The charity is a public benefit entity and a registered charity in England and Wales and is
unincorporated. The address of the principal Offi￿ is 804 Pavillion Apartments. St John's Wood
Road, London. NW8 7HF.
Statement of compliance
These financial statements have been prepared in Complian￿ with FRS 102. The Financial
Reporting Standard applicable in the UK and the Republic of Ireland,, the Ststement of
Recommended Practi￿ applicable to charities preparing their accounts in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021 {Charities
SORP (FRS 102)) and the Charities Act 2011.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical o)sl basis. as modified by the
revaluation of certain financial assets and liabilities and investment properties measured at fair
value through income or expenditure.
The financial statements are prepared in sterling. vthich is the functional currency of the entity.
Going concern
There are no material uncertainties about the charitys ability to continue.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the
charity's purposes.
Designated funds are unrestricted funds eamiarked by the trustees for particular future project or
commitmenL
Restricted funds are subjected to restrictions on their expenditure declared by the donor or
Ihrough the temis of an appeal. and fall into one of two sub-classes: restricted income fvnds or
endowment funds.

The Warshaw Family Charitable Trust
Notes to the Financial Statements (continued)
Year ended 31 December 2024
Accounting policies (eontsnued)
Incoming resources
All incoming resources are induded in the statement of financial activities when entit]ement has
passed to the charity- it is probable that the economic benefits associated with the transaction
will flow to the charity and the amount can be reliably measured. The following specific policies
are applied to particular categories of income=
income from donations or grants is recognised when there is evidence of entitlement to the
gift. receipt is probable and its amount can be measured reliably.
legacy income is recognised when receipt is probable and entitlement is established.
income from donated goods is measured at the fair value of the goods unless this is
impractical to mgasura roliably, in which case thc valuc i-
dcrivcd from thc co-
-t to thc donor
or the estimated resale value. Donated facilities and services are recognised in the
accounts when received if the value can be reliably measured. No amounts are induded for
the contribution of general volunteers.
income from contracts for the supply of serVI￿S is recognised with the delivery of the
contracted service. This is classified as unrestricted funds unless there is a contractual
requirement for it to be spent on a particular purpose and retumed if unspent, in which case
it may be regarded as restrtcted.
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any
VAT which cannot be fully recovered. and is dassrfied under heading5 of the statement of
financial activities to which it relates=
expenditure on raising funds inGludes the costs of all fundraising activities, events, non-
charitable trading activities. and the sale of donated goods.
expenditure on charitsble activities indudes all costs incurred by 8 charity in undertakino
activities that further its charitable aims for the benefft of its beneficiaries, including those
support costs and costs relating to the govemance of the charity apportioned to charitable
activities.
other expenditure includes all expenditure that is neither related to raising funds for the
charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resour￿. Direct costs
attributable to a single activity are allocated directly to that activity- Shared costs are apportioned
between the activities they contribute to on a reasonable. justifiable and consistent basis.
Investments
Unlisted equity investments are initially recorded at o)st, and subseqLJently measured at fair
value. If fair value cannot be reliably measured. assets are measured at cost less impairment.
Listed investments are measured at fair value with changes in fair value being recognised in
income or expenditure.

12
The Warshaw Family Charitable Trust
Notes to the Financial Statements (contsnved)
Year ended 31 December 2024
Accounting policies (continuedj
Investments in associates
Investments in associates accounted for in accordance with the cost model are recorded at cost
less any accumulated impairment losses.
Investments in associates accounted for in accordan￿ wilh the fair value model are initially
recorded at the transaction price. At each reporbng date. the investments are measured at fair
value. with changes in fair value taken through income or expenditure. Where it is impracticable
to measure fair value reliably without undue cost or effort. the cost model will be adopted.
Dividends and other dislributions received from the investment are recognised as income without
regard to whether the distributions are from accumulated profits of the associate arising before or
after the date of acquisition.
Investments in joint ventures
Investments in jointly ¢ontrolled entities accounted for in accordance with the cost model are
recorded at cost less any accumulated impairment losses.
Investments in jointly controlled entrties accounted for in accordan￿ with the fair value model are
initially recorded at the transaction pri￿. At each reporting date. the investments are measured
at fair value. with changes in fair value taken through income or expenditure. Where it is
impracticable to measure fair value reliably without undue cost or effort. the cost model will be
adopted.
Dividends and other distributions received from the investment are recognised as income without
regard to whether the distributions are from accumulated profits of the joint venture arising before
or after the date of acquisition.
Impairment of fixed assets
A review for indicators of impaimient is carried out at each reporting date. with the recoverable
amount being estimated where such indicators exist. Where Ihe carrying value exceeds the
recoverable amouiil. Ili¥ cisset IS itnpaired accordlngly. Prtor Impalmients are also revlewecl for
possible reversal at each reporting date.
For the purposes of impainnent testing. when it is not possible to estimate the recoverable
amount of an individual asset. an estimate is made of the recoverable amount of the cash-
generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable
group of assels that includes the asset and generates cash inflows that largely independent of
the cash inflows from other assets or groups of assets.
For impairment testing of goodwill. the goodwill acquired in a business combination is, from the
acquisition date, allocated lo each of the cash-generaling units that are expected to benefit from
the synergies of the combination. irrespective of whether other assets or liabilities of the charity
are assigned to those units.

The Warshaw Family Charitable Trust
Notes to the Financial Statements (rontinued)
Year ended 31 December 2024
Accounting policies (continuedj
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contrads are recognised in the statement of
financial position as assets and liabilities at the lower of the fair value of the assets and the
present value of the minimum lease payments, which is detemined at the inception of the lease
term. Any initial direct costs of the lease are added to the amount recognised as an asset.
Lease payments are apportioned between the finan￿ tharges and reduction of the outstanding
lease liability using the effective interest method. Finance charges are allocated io each period
so as to produce a constsnt rate of interest on the remaining balance of the liability.
Financial instruments
A financial assÈt nr a finanual liability is recognised only when the charity becomos a party to tho
contractual provisions of the instrumerrt.
Basic financial instruments are initially recognised at the amount receivable or payable induding
any related transaction costs.
Current assets and current liabilities are subsequently measured at the cash or other
consideration expected to be paid or r￿1Ved and not discounted.
Debt instruments are subsequently measured at amortised cost.
Where investments in shares are publicly traded or their fair value can otherwise be measured
reliably. the investrnent is subsequently measured at fair value with changes in fair value
recognised in income and expenditure. Al other suth investrnents are subsequently measured at
cost less impainnent.
Other finanGial instruments, including derivatives. are initially recognised at fair value. unless
payment for an asset is deferred beyond nomial business tenns or financed at a rate of interest
that is not a market rate, in which case the asset is measured at the present value of the future
payments discounted at a market rate of interest for a similar debt instrument.
Other financial instruments are sUbseqUen￿Y measured at fair value. with any changes
recognised in the statement of finanaal actNities. with the ex￿ptIOn of hedging instnJments in a
designated hedgin9 relationship.
Financial assets that are measured at cost or amortised cost are rewewed for objective evidence
of impairment at the end of each reporting date. If there is objeclive eviden￿ of impairment. an
impairment loss is recognised under the appropriate heading in the statement of financial
activities in which the initial gain was recognised.
For all equity instruments regardless of significance. and other financial assets that are
individually significant. these are assessed individually for impairment. Other financial assets are
either assessed individually or grouped on the basis of similar credit risk tharaderistiG5.
Any reversals of impairment are recognised immediately. to the extent that the reversal does not
result in a carrying amount of the financial asset that exceeds vthat the carying amount would
have been had the impairment not previously been recognised.

14
The Warshaw Family Charitsble Trust
Notes to the Financial Statements (continugd)
Year ended 31 December 2024
Donations and legacies
Total Funds Total Funds
2024
2023
Donations
Donations and legacies
52.500
70,000
Investment income
Total Funds Total Funds
2024
2023
Investments
24.296
26.775
Costs of raising donations and legacies
Total Funds Total Funds
2024
2023
Donations
Vestra charges
Accountancy fee
45,469
3,308
1.980
66,160
2.078
4.390
Costs of raising donations and legacies
50.757
72.628
Net gainsl(losses) on investments
Total Funds Total Funds
2024
2023
Revaluation of investments
Gainsl{losses) on sale of investments
18.804
(89,489)
(70,685)
42,805
(92,0941
(49.289)
Staff costs
The average head count of employees during the year was Nil (2023.. Nil).
No employee received employee benefits of more than £60.000 during the year (2023". Nil).
Trustee remuneration and expenses
None of the trustees (or any persons connected with them) received any remuneration or
benefits from the charity during the year.
14

15
The Warshaw Family Charitable Trust
Notes to the Financial Statements (¢ontlnu8dJ
Year ended 31 December 2024
10. Investments
Listed
Other
investrnents investments
Total
Cost or valuation
At 1 January 2024
Net of additionsl(disposals)
Other movements
485.567
(74.766)
18.804
2,975
488.542
At 31 December 2024
429,605
2,975
432.580
Carrying amount
At 31 December 2024
At 31 December 2023
429.605
485,567
2,975
2.975
432.580
488542
All investments shown above are held at valuation.
11. Debtors
2024
2023
Trade debtors
10,000
10,000
12. Creditors: amounts falling due within one year
2024
2023
Accruals and deferred income
1.980
5.408
13. Analysis of charitable funds
Unrestricted funds
At
1 January 20
24
At
Gains and 31 December
losses
2024
General funds
498.110
(44646)
453464
At
Gains and31 December
losses
2023
1 January 20
23
General funds
523.252
(25.142)
498,110